CONTACT PERSON
                          NAME:    David Montford
                                   Linda Champion     
                          PHONE:   (850) 488-5142
                          SUNCOM:  278-5142
April 30, 2002                     
                          DPBM:    02-89


MEMORANDUM

TO:       District School Superintendents

FROM:     Wayne V. Pierson

SUBJECT:  2001-02  Florida  Education  Finance  Program   Fourth         
	  Calculation 

Attached   (PDF 2,806K)  is  the  fourth  calculation of the 2001-02
Florida  Education Finance Program.  This  calculation  incorporates
2001-02 FTE and Supplemental information prepared from the summation
of July,  October,  and February survey data and  the  estimate  for
June.  The 2001 ad  valorem  tax roll certified by the Department of
Revenue on March 18, 2002, was used in the calculation  of  required
and discretionary local effort.

In  comparing  the  fourth calculation  with  the  third  2001-02
calculation, the following summary-level changes are noted:

1.  Unweighted  FTE decreased by 2,155.75 from 2,455,064.52  to
    2,452,908.77.

2.  Funded weighted FTE decreased by 49.23 from 2,673,972.19 to
    2,673,922.96.  The Group 2 over-cap weighted FTE is 5,720.80;
    the under-cap total is 15,542.68.

3.  FEFP Base funding decreased by $634,174 from $8,826,805,319
    to  $8,826,171,145.  This decrease is a result of  the  funded
    weighted FTE decrease.

4.  Declining  Enrollment decreased $98,740 from $2,234,633  to
    $2,135,893.

5.  The  Lab School Discretionary Contribution decreased $4,127
    from $507,609 to $503,482.

6.  The Discretionary Tax Equalization State Supplement remained
    the same.

7.  Total Required Local Effort (RLE) decreased $9,908,221 from
    $4,389,382,485 to $4,379,474,264.

8.  Total  Prior  Year Adjustments are $2,352,585.   Individual
    district amounts may be significant due to inclusion of the net
    earned vs. paid as a result of the final 2000-01 calculation.

9.  Primarily  as  a result of the decrease in  required  local
    effort and the increase in the prior year adjustments, it  was
    necessary to prorate calculated funds down to the level of the
    2001-02 Legislative Appropriation.  The overage of $11,516,507 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.

10. The Net State FEFP increased $7,258 from $6,126,358,483  to
    $6,126,365,741.

11. The  estimated amount withheld for scholarship programs  is
    $29,234,594.

Distribution of FEFP and Discretionary Lottery Funds as a  result
of  the  revised allocations will begin with the  May  10,  2002,
electronic funds transfer.

WVP:DGM:bb

Attachment

cc:  Finance Officers
     FTE Administrators





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