Budget

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main educational function of state governor
formulate budgetary recommendations for the legislature
Governor depends on
appointed advisors and commissioner of education for recommendations
Cabinet
commissioners, secretary of state, comptroller
fefp recognizes in its formula
-varying program cost factors to account for district cost differentials
-differences in per student cost for equivalent educational programs due to scarcity and dispersion of student population
-varying local property tax bases
millage rates adjusted to ensure that the required local rates
do not exceed 90% of the district total FEFP entitlement
cabinet approves
state board rules
governor and cabinet
has one veto
zero-based budget
focuses on current budgetary cycle and begins with zero dollars in all accounts to then jusify the continuation of a program, activties, or expenditure
Incremental budget
begins with the budget for the current term and examines each line item against expected revenues. By addressing expenditures by items and categories, there is a failure to observe the impact of the budget as whole on the goals of the organization and the needs of the children.
Planning, Programming Budgetary and Evaluation System (PPBES)
integrates long-range planning, the resources provided through funded sources are used to achieve institutional goals on the basis of allocation. This process requires the periodic collection and analysis of data to inform the decisions to be made about programs and to project needs to be met. The evaluation component assesses for effectiveness of the goal and measures the level of goal attainment over specific periods of time.
Budgeting
Incremental,
zero-based,
planning programming and evaluation system
Florida Legislature determines the minimum efforts on
district property tax and Program Cost Funding = determine base funding
Each school
must impose the millage
Department of Revenue and the Commissioner of Education
determines each district's share by certification of the property tax valuations
millage rate
term that represents the tax rate levied on real estate or other property
FTE
Full-Time Equivalent Student
Weighted FTE
FTE x Program Cost Factors
Base Student Allocation
a fixed amount determined each year by the legislature
State's appropriation is used to fund
local millage x Property tax rolls + base student allocation
District Cost Differencial
The Commissioner of Education annually averages each district's Florida Price Level Index for the last three years and applies the prices of salary on district operating cost to reduce its impact on the district.
BASE STUDENT FUNDING
Weighted FTE x Base student allocation (BSA) x District Cost Differential (DCD)
Provide FEFPs with
-written contracts of all instructional personnel and require not less than 196 days of service for all members of the instructional staff.
-expend (use up) funds for salary
Major Source of School Funding
%50 State- (mainly general revenue funds-taxes) sales, lottery, capital outlay, trust funds
%42 Local- ( levy millage) most from real estate, personal property
7% Federal- board of education, lunch act.
Lottery
for discretionary lottery funds and for preschool.
-39% Educational Enhancement Trust Fund
> 70% Public School
> 15% Universities
>15% Community Colleges
Activity account
derived from class fees, athletic contest and events, plays, yearly photos and other special programs.
School internal account
vending machines sales in the teacher's lounge and from related faculty activities and must be used to benefit faculty and staff.
Collaborative budgeting
1. Gather information from stakeholders
2. Select committee w/ representatives from each stakeholder group
3. Committee creates a common vision
4. Train committee members, explain school budgetary statutes, and provide all necessary information
5. Present data and accept input
6. Create a budget
7. Present the budget to the district
Principal w/ inadequate funds can
1. use discretionary funds to support mission and vison
2. seek help from all stakeholders
3. approach the Site Based Management Committee for help
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