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FEFP Audit Report Template Form
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People also ask
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What is Florida's funding formula?
FEFP funds are primarily generated by multiplying the number of full-time equivalent (FTE) students in each of the funded education programs by cost factors to obtain weighted FTE students.
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How much does Florida pay per student?
The most commonly reported per-student spending figures in Florida are based solely on funding provided through the Florida Education Finance Program (FEFP). For the 2017-18 school year, Florida public schools would have spent an average of $7,307 “per student” in FEFP funding.
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What is the ESE guaranteed allocation in Florida?
The ESE Guaranteed Allocation is a component of the FEFP that provides additional funding for matrix level I, II, and III students in lieu of a higher program cost factor. Provides funding for additional services needed for basic ESE students with low to moderate special service needs.
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How is FTE calculated in Florida?
FTE is based on 180-day school year. 5 hours per day or 1,500 minutes per week. Hourly equivalent for K-3 grade is 720 instructional hours. Hourly equivalent for 4-12 grade is 900 instructional hours.
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What is required local effort in Florida?
Required local effort is the amount of funds the district receives from levying the state certified local effort millage rates on the district's ad valorem property. All districts levy the same millage, which raises more or less dollars per student depending on the value of the local property.
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How much is FTE per student in Florida?
One FTE equals one school year of instruction provided to a student. hours of instruction in grades K-3 and at least 900 hours of instruction in grades 4-12.
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