Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District budget falls as October FTE dips; family empowerment scholarships add $2 million pressure
Summary
District finance staff told the superintendent's workshop that the third FEFP calculation shows a net state funding reduction after a fall in unweighted FTE and a larger-than-expected Family Empowerment Scholarship (FES) payment, while board members urged aligning the strategic plan earlier so the finance office can craft a budget on time.
Indian River County School District officials told the superintendent's workshop that the March third FEFP calculation reduced the district's net state funding after lower-than-expected October student counts and an unexpected increase in Family Empowerment Scholarship payments.
The district's director of finance, Bruce Green, said the third calculation released March 3 shows an overall decrease in unweighted FTE of about 89 students but a modest increase in weighted FTE. “Based on the third calculation, family empowerment grew from the $14.8 million we budgeted to about $16.8 million,” Green said, describing roughly a $2 million negative impact to the district's net state FEFP after prior-year adjustments and proration.
That shift, combined with a prior-year adjustment and proration from earlier appropriations, produces a net state funding change that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
