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FEFP Audit Report Template Form
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People also ask
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How often is a Florida public school audited?
Pursuant to section 1010.30, Florida Statutes, school districts are required to have an annual financial audit of the district school board.
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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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What is FTE in Florida?
Notes: State funds are allocated to school districts based on actual student attendance and/or enrollment. The Florida Education Finance Program uses a unit of measure for each student which is known as an FTE. FTE stands for full-time equivalent.
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Which list best describes the major components of the Florida education finance program (FeFP)?
UNDERSTANDING THE FEFP. “The education of children is a fundamental value of the people of the State of Florida. ... THE FEFP EQUATION. FULL TIME. ... FULL TIME EQUIVALENT (FTE) ... COST FACTORS. ... BASE STUDENT ALLOCATION (BSA) ... DISTRICT COST DIFFERENTIAL (DCD) ... DECLINING ENROLLMENT SUPPLEMENT. ... SPARSITY SUPPLEMENT.
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What is the FEFP formula?
FEFP funds are determined by multiplying the number of unweighted full-time equivalent students (FTEs) in each of the educational programs by cost factors to obtain weighted FTEs.
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What is the Florida education finance program?
The Florida Education Finance Program (FEFP) is the primary mechanism for funding the operating costs of Florida school districts; this includes both charter schools and traditional public schools.
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What is a FTE in Florida education?
What is FTE? FTE (Full-Time Equivalent) is generally defined as one student in membership in a program or a group of programs for 1500 minutes (25 hours a week) for a 180-day school year. The FTE calculation is based on two 90-day terms. Each student in membership and in attendance will earn one-half (.
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Is education funding a problem in Florida?
Our state has been flunking on education funding. Florida ranks consistently among the bottom 10 states in both per-student spending and pay for our teachers and education staff professionals.
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