Florida Regulations 6A-1.0452: Distribution of Florida Education Finance Program Funds
Current as of: 2024 | Check for updates
|
Other versions
(1) The entitlement of current operations and transportation funds shall be distributed in amounts as nearly equal as practicable based upon distribution schedules developed by the Department. The Department may adjust the distribution of funds to the entitlement each district may reasonably expect to receive during the fiscal year.
(2) The results of the first, second and third period full-time equivalent student membership surveys shall be added to the estimated fourth period full-time equivalent student membership. A final estimate of each district’s Florida Education Finance Program for current operations and transportation shall be made by April of each year and shall be used to make adjustments to the amount of funds distributed to the district for the remainder of the fiscal year.
(3) The fourth period full-time equivalent student membership survey shall be made prior to June 30, and used to adjust the fourth period estimate utilized in subsection (2) above. As a result of this survey, any difference in the amount of a district’s entitlement and the actual funds distributed shall be adjusted in the succeeding year.
Rulemaking Authority Florida Statutes § 1001.02(1). Law Implemented Florida Statutes § 1011.62. History-New 2-18-74, Amended 6-17-74, 10-31-74, Repromulgated 12-5-74, Formerly 6A-1.452, Amended 8-30-88, 8-20-17.
Terms Used In Florida Regulations 6A-1.0452
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(3) The fourth period full-time equivalent student membership survey shall be made prior to June 30, and used to adjust the fourth period estimate utilized in subsection (2) above. As a result of this survey, any difference in the amount of a district’s entitlement and the actual funds distributed shall be adjusted in the succeeding year.
Rulemaking Authority Florida Statutes § 1001.02(1). Law Implemented Florida Statutes § 1011.62. History-New 2-18-74, Amended 6-17-74, 10-31-74, Repromulgated 12-5-74, Formerly 6A-1.452, Amended 8-30-88, 8-20-17.