September 2023 Briefly discuss the differences in the old Minimum Foundation Program 1947 and the FEFP 1973

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Briefly discuss the differences in the old Minimum Foundation Program 1947 and the FEFP 1973 2023

Briefly discuss the differences in the old Minimum Foundation Program ( 1947 ) and the FEFP ( 1973 ). What part of the basic FEFP formula ( State Aid = WFTE x BSA – (.96 AV } provides A. equity for students and B. equalization of funding for districts? Review how student transportation dollars are calculated. What are the two major components? What is the function of Workforce Development funds? What are Categorical Program funds? How do they differ from general FEFP funding? What are the four constructs on which the FEFP is based? ( Page 1–2 nd paragraph ) Briefly define the following: Full time equivalent Program cost factor Weighted FTE Base student allocation District cost differential Sparsity supplement Supplemental academic instruction 0.748 Mills Discretionary Compresion (audio is incorrect-changed from Local Discretionary Equalization). ESE guaranteed allocation Required local effort Please answer all in as a mini- brief and follow directions as I tried to be as spicific as possible with the questions.

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