FEFP Formula Flashcards
What does FTE stand for?
Full time equivalent
A full time equivalent student for FEFP funding proposes is one student in membership in one or more FEFP programs for a school year or its equivalent.
What is the time equivalent for a standard school?
Grades 4-12: 900 hours of instruction a year (180 days at 5 hours per day)
Grades K-3: 720 hours of instruction a year
Program Cost Factors
Program Cost Factors are approved by the Legislature annually although they are computed using a three year average.
Purpose? - To make sure that each program receives an equitable amount of funds in relation to its relative cost per student.
Weighted FTE Students
Indicates the number of full-time equivalent students per the relative costs of the programs for which they are in membership.
Who assigns annually the base student allocation?
The Legislature
Weighted FTE Students (Formula)
FTE Students X Program Cost Factors
Base Funding
Weighted FTE Students X Base Student Allocation (BSA) X District Cost Differential (DCD)
Who annually calculates the District Cost Differential?
The Commissioner of Education
Department of Juvenile Justice (DJJ) Supplement
Total K-12 weighted full-time equivalent student membership in juvenile justice education programs in each school district X amount of the state average class-size reduction factor X the district’s Cost Differential.
Declining Enrollment Supplements
Declining Enrollment Supplements are given to school districts whose unweighted FTE has declined. Unweighted FTE of current year is compared to the previous year.
The Sparsity Supplement
Given to smaller school districts that have higher operating costs due to sparse student population.
How are Developmental Research Schools and Florida Virtual Schools funded through FEFP?
They are set up as separate school districts
Discretionary Contribution in place of discretionary local tax revenue
The Discretionary Tax Equalization
Given o school districts that. Levy the discretionary 0.498 mills and an additional 0.250 mills.
0.498 Mills Discretionary Compression
Given to school districts that provide funds less than the state average per unweighted FTE even though the school district did the 0.498 levy.
