CONTACT PERSON NAME: David Montford Linda Champion PHONE: (850)488-5142 October 16, 2001 SUNCOM: 278-5142 DPBM: 02-41 MEMORANDUM TO: District School Superintendents FROM: Wayne V. Pierson SUBJECT: 2000-2001 Florida Education Finance Program Final Calculation Attached is the final calculation (pdf format) of the 2000- 2001 Florida Education Finance Program. This calculation incor- porates 2000-2001 FTE and Supplemental information prepared from the summation of July, October, February, and June survey data. The 2000 ad valorem tax roll certified by the Department of Revenue was used in the calculation of required and discretionary local effort. In comparing the final calculation with the fourth 2000-2001 calculation, the following summary-level changes are noted: 1. Unweighted FTE increased by 744.72 from 2,388,011.08 to 2,388,755.80. 2. Funded weighted FTE increased by 2,188.35 from 2,595,128.24 to 2,597,316.59. The Group 2 over-cap weighted FTE is 11,877.60; the under-cap total is 2,646.68. 3. FEFP Base funding increased by $7,477,087 from $8,870,146,705 to $8,877,623,792. This increase results from the funded weighted FTE increase. 4. Declining Enrollment decreased $28,966 from $2,924,019 to $2,895,053. 5. The Hold Harmless Adjustment, which guarantees a 1.00 percent increase in funds per weighted FTE for all districts, increased $9 from $27,737 to $27,746. 6. The Lab School Discretionary Contribution decreased $119 from $425,240 to $425,121. 7. The Discretionary Tax Equalization State Supplement remained the same. 8. Total Required Local Effort (RLE) decreased $8,666,404 from $4,084,112,382 to $4,075,445,978. 9. Total Prior Year Adjustments are $14,671,184. Individual district amounts may be significant due to inclusion of the net earned vs. paid as a result of the final 1999-2000 calculation. 10. As a result of the increase in funded weighted FTE and prior year adjustments, it was necessary to prorate calculated funds down to the level of the 2000-2001 Legislative Appropriation. The prorated reduction increased $14,308,935 from $58,211,999 to $72,520,934. The overage of $72,520,934 is prorated against the Gross State and Local FEFP to produce the prorated amount, which is then deducted from the calculated state entitlement. Please refer to page 3. 11. The Net State FEFP remained the same. 12. The amount withheld for scholarship programs is $6,544,818. The differences between the final and fourth FEFP and Discretionary Lottery Calculations will become an adjustment to the third 2001-2002 FEFP and Discretionary Lottery Calculations. Therefore, distribution of funds from the attached calculation will take place following completion of the third 2001-2002 calculation. WVP:DGM:vb Attachment cc: Finance Officers FTE Administrators
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