School District Summary Budget
At the beginning of each fiscal year, each district school board formally adopts a budget. The District Summary Budget is the adopted budget that is submitted to the Florida Department of Education by Florida school districts. The budget document provides millage levies; estimated revenues detailed by federal, state, and local sources; and estimated expenditures.
School District Annual Financial Report
The Annual Financial Report is the unaudited data submitted to the Florida Department of Education by Florida school districts after the close of each fiscal year. It includes actual revenues detailed by federal, state, and local sources, and actual expenditures.
School District Audit Reports Prepared by the Auditor General
The Auditor General provides periodic financial, federal, and operational audits of district school boards. The Auditor General also provides periodic audits of district school boards to determine whether the district 1) complied with state requirements governing the determination and reporting of the number of full-time equivalent students under the Florida Education Finance Program and 2) complied with state requirements governing the determination and reporting of the number of students transported.
School District Audit Reports Prepared by Private CPA Firms
The Auditor General maintains copies of district school board financial and federal audit reports, which are prepared on a rotational basis by private certified public accounting firms.
School District Program Cost Reports
The Program Cost Report data is submitted to the Florida Department of Education by public school districts after the close of each fiscal year. Actual expenditures by fund type are presented as either direct costs or indirect costs, and are attributed to each program at each school. A total of nine separate reports are produced from the cost reporting system.
Financial Profiles of School Districts
Financial Profiles of Florida School Districts is a publication designed to provide information about revenues and expenditures in the Florida public school districts. Revenues by source and expenditures by function and object are detailed in the document. Additional financial information from school districts is also provided. The publication is intended for comparative generalizations about school districts. Additional sources of information should be consulted for a comprehensive understanding of a school district’s financial position.
Florida Education Finance Program (FEFP) Calculations
In 1973 the Florida Legislature enacted the Florida Education Finance Program (FEFP) and established the state policy on equalized funding to guarantee to each student in the Florida public education system the availability of programs and services appropriate to his or her educational needs that are substantially equal to those available to any similar student notwithstanding geographic differences and varying local economic factors. The FEFP is a series of formulas and components used to allocate funds appropriated by the legislature and is the primary mechanism for funding the operating costs of Florida school districts. These funds make up the majority of K-12 public school funding. A key feature of the FEFP is that it bases financial support for education upon the individual student participating in a particular educational program rather than upon the number of teachers or classrooms. To provide equalization of educational opportunity, the FEFP formula recognizes: (1) varying local property tax bases; (2) varying education program costs; (3) varying costs of living; and (4) varying costs for equivalent educational programs due to sparsity and dispersion of the student population. Most of the components of the calculation are authorized in Section 1011.62, Florida Statutes and the annual General Appropriations Act.
Five-Year Facilities Work Plan
The 5-Year District Facilities Work Program is the authoritative source for educational facilities information, including planning and funding. Governmental entities that use this information include the Department of Education, Legislature, Governor’s Office, Division of Community Planning (growth management), and local governments.
Public School District Websites