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Financial briefing: FEFP third calculation shows revenue shifts; family empowerment scholarships and lower impact-fee receipts reshape outlook
Summary
Mid-year financial staff presented the FEFP third-calculation summary and local revenue updates April 17, showing a net reduction in district-available revenue after Family Empowerment Scholarship (FES) pass-throughs and flagging an $8.5 million shortfall versus budgeted impact-fee receipts.
Chief Finance staff provided an April 17 mid‑year financial update that highlighted changes from the FEFP second calculation to the third calculation, and flagged growing fiscal pressure from the expansion of the Family Empowerment Scholarship (FES) program and weaker-than-expected local impact-fee receipts.
The district explained that FEFP revenue is apportioned in multiple calculations across the legislative and post‑legislative cycle. Marion County’s third calculation showed a net increase in FEFP dollars compared with the second calculation, but much of the increase translated into additional weighted‑FTE funds connected to FES enrollments — dollars that the district records but does not…
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