EDA6240 Notes 11.13.24 Review PDF

EDA6240 Notes 11.13.24 REVIEW Short Answer Questions - Does your discussion argue your point and are you thorough enough to prove mastery of the content - ETA: what they are, the cases, explain each one 3 Waves Equity - Serano vs. Priest - based...

EDA6240 Notes 11.13.24 REVIEW Short Answer Questions - Does your discussion argue your point and are you thorough enough to prove mastery of the content - ETA: what they are, the cases, explain each one 3 Waves Equity - Serano vs. Priest - based on property tax - poorer districts were getting less money - Equity- bring everything up to par - good quality of education no matter where you live - Equitable funding for all - California’s constitution says you will provide equitable schooling for all children but this wasn’t happening Thoroughness - Robinson vs. Cahil - They were not providing quality education for all students in the state - A lawsuit charging that the state’s system for funding schools discriminated against poorer districts and created inconsistencies in education - New jersey violated own funding formula - Thorough and - Efficient: transportation to schools Adequacy - council - Adequacy: facilities good enough, general, uniform, conducive to learning Brown v. Board - Separate is not equal - Fought for blacks to go to a white school Plessy vs. Ferguson - Separate but equal FEFP - Taking money, distributing out to mitigate the location Base Student Allocation (BSA) - Money per student provided by the legislature  - How much it costs to teach that student is based on revenue - Revenue from sales tax - Required local effort - Based on last year - Boards fight to raise BSA - BSA should be based on the previous year’s BSA plus an appropriate increase to reflect inflation and program needs, a comparable wage factor - Legislation provides an amount of money that they will provide to each child Required Local Effort - the amount of funds the district receives from levying the state certified local effort millage rates on the district's ad valorem property. - Requiring school districts to contribute to education - Tax property at a certain rate to fund education - Mils is the way they tax for RLE Small District Factor - 20,000 or less students - They receive more funding - equal education just as a big district would Ad Valorem - Property tax FTE - Full-time equivalency - 180 days of school - Students at school that meet the hourly requirements - Can be split Dual enrollment /FLVS - Can’t go over 1.0 Weighted FTE - Included program costs Internal Budget - money school generates - Fundraisers - Donations - Managed money in school - When you bring in funds you have to spend money on what you claim it for, spent the year you’ve raised it Operating Budget (General Funds) - by district to run school - Managed money by district - Lots of expectations of how the money is spent Millage - Property is appraised and says what it’s worth - Based on appraisal you will be taxed $1 for every $1000 of property value - Legislature says education is allowed to tax about 3.3 mils. - $100,000 taxed at 1 mil would be $100 - State determines millage rate Discretionary Millage - Legislature says you can increase millage at your discretion without voters' approval - Board decision looking at budgets for what’s needed - Used for a specific district TRIM - Truth in Millage - estimate of your taxes based on the proposed tax rates - have to tell you how much they plan on taxing you Half Cent Sales Tax - Voter approval - Specifically for building/facilities Fiscal Year July 1st - June 30th Budget Cycle - Starts with demographers and projections in November/December, principals are looking at about how many students will be at school next year - 2nd February FTE survey half the amount of money per student for each survey - Legislature is deciding on Base Student Allocations - Master schedule tight so you know exactly how much staff you need etc. - April 1st budget is due - Looking at data from end of year to create SIP - Register students - Enroll  - Get budget and look at FTE did my number match what we projected, do we have all the correct funding (ESE, ELL) check money is coming in specific general funds - FTE 10 day warm body count (district level) - Determining how many kids are on campus present - Redistribute resources and money for students - October FTE Survey FTE Survey - Window, two weeks (10 days) - Accounting for students in your school - All students accounted for and are properly coded Cristina Notes: The fiscal year for the budget for educators in the state of Florida begins and ends in which months? July 1st to the following June 30th. What governmental body in Florida determines the BSA? Legislature What is the underlying purpose of the FEFP? To fund public education in a manner that would "guarantee to each student in the Florida public education system the availability of programs and services appropriate to his or her educational needs which are substantially equal to those available to any similar student notwithstanding geographic differences and varying local economic factors.“ How many waves of educational financial reform are there and name the acronym to represent the waves. 3 Waves; ACRONYM- ETA- Equity, Thorough and Efficient, Adequate Name and briefly discuss the 3 major cases discussed in class that are associated with each wave. Wave 1- Equity Serrano v. Priest, 5 Cal.3d 584 (1971) Finance system had allowed a higher quality of education in wealthier districts Violated CA Constitution Concept of Fiscal Neutrality (A child’s education must not be affected by the wealth of the local district) San Antonio v Rodriquez San Antonio Independent School District v. Rodriguez Reversed Serrano v Priest (Partially) Fundamental Right to an Education Not Proven Gave Power to States to Determine Education Funding Model California Constitution Allowed for the Previous Decision Wave 2- Thorough and Efficient Robinson v. Cahill (1973) A lawsuit charging that the state’s system for funding schools discriminated against poorer districts and created inconsistencies in education. New Jersey Supreme Court found the funding system was unconstitutional because it was not “thorough and efficient” which was mentioned in the New Jersey Constitution. Wave 3- Adequate Rose v. Council (1989) Kentucky school system should provide an efficient system of common schools throughout the state as well as an adequate education. State Supreme Court ruled that Kentucky’s system of common schools unconstitutional and each child needs to be provided with an adequate education. Name two types of budgets a school principal is responsible for when running their school. General/Operations Fund (Gen Ed program), Internal Accounts (Fee and extracurricular programs) Fill in the blanks: Tax Base X Tax_Rate___ = Tax __Yield____ State statute determines a format for budgeting and accounting. Cost Accounting and Reporting for School Districts F.S. 1010.20 What is the name of the publication used by school districts to access these requirements? The “Red Book” is the state manual for budget accounting and auditing procedures. In the school’s budget approximately 80 to 90% is spent on _Staff (Development)? Define FTEw versus UwFTE – REQUIRES 180-DAY SCHOOL YEAR (or hourly equivalent). The unweighted FTE is the basic driver of the formula. 720 hours of instructional time for Prekindergarten through Grade 3 students o 180 days X 4 hours per day 900 hours of instructional time for Grades 4 through 12 students 180 days X 5 hours per day The weighted student enrollment includes special add-ons for: Isolated Schools Supplement; Small District Exceptional Student Education (ESE) Supplement; and Performance-based add-on FTE: o Advanced Placement (AP); o International Baccalaureate (IB); o Advanced International Certificate of Education (AICE); o Industry certified career and professional academy programs; o Early graduation credits. What is the acronym RLE? Provide a definition? The Required Local Effort (RLE) is the amount of funding that each district provides annually toward the cost of the FEFP. Explain the roll back rate? A calculation mandated by the state which produces a fictitious ad valorem (property) tax rate for comparison purposes. This rolled-back rate is the rate that would generate the same amount of revenue in the new fiscal year as was produced in the previous fiscal year, less new construction and other adjustments. The purpose is to illustrate the impact of increases in the tax base for the required TRIM advertisements and public hearings. What is the Comparable Wage Factor? Define it? The factor used to adjust funding to reflect differing personnel costs (wages) in the various districts throughout the state In Florida, what is the major source of revenue used by our legislators to fund various initiatives and needs? Revenues are primarily from state sales taxes and local property taxes. In Florida, what is the additional source of revenue used for to fund education? Lottery What is the Small District factor of the FEFP? Define it. Small School District Funds- A factor in the FEFP that provides additional funds to school districts with less than 20,000.00 students The common name for Ad Valorem tax is? Property Tax Describe how Ad Valorem is assessed? A tax levied primarily on real property. The amount of tax is determined by multiplying the taxable assessed value of the property by the millage rate What is the acronym FOFF? Where do these terms apply? Fund Function Object Facility. Clearly articulate how a Mill used to assess property values in Florida? Define TRIM? Truth in Millage (TRIM) establishes the statutory requirements that all taxing authorities levying a millage must follow, including all notices and budget hearing requirements The FLDOE is a part of which branch of the Florida Government? Executive? FTE Counts have been discussed often in class. When are the two FTE counts that impact school budgets conducted? October and Feb. What is the percent allocated for each of these counts? _?__ Articulate the budget cycle discussed in class beginning with projections and ending with the October survey.