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The Form SF-3--Line by Line. Fiscal Years 2006 and 2007, Ohio's School Foundation Funding Program

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Bibliographic Details
Title: The Form SF-3--Line by Line. Fiscal Years 2006 and 2007, Ohio's School Foundation Funding Program
Language: English
Authors: Ohio State Dept. of Education, Columbus.
Source: Ohio Department of Education. 2005.
Availability: Ohio Department of Education, 25 S. Front St., MS 708, Columbus, OH 43215. Web site: www.ode.state.oh.us.
Peer Reviewed: N
Page Count: 21
Publication Date: 2005
Document Type: Reports - Descriptive
Education Level: Elementary Secondary Education
Descriptors: Foundation Programs, Elementary Secondary Education, Federal Government, Charter Schools, Educational Finance, Funding Formulas
Geographic Terms: Ohio
Abstract: The funding of K-12 public schools in Ohio is a joint effort with 7.4 percent coming from the federal government, 47 percent coming from local sources and 45.6 percent coming from the state, based on FY04 revenue (the latest data available). Of the approximately $6.8 billion in state aid, about 80 percent is distributed through the Ohio School Foundation Program to 613 city, exempted village and local school districts. In addition, another $300 million is funneled through the foundation program to Ohio charter schools by deducting this funding from the regular school district's payments where the charter school pupil resides. Funding calculations and school foundation formula are summarized on form "SF-3." This document presents a prototype of Ohio's new SF-3 form, along with line-by-line explanations. It is hoped that the information contained in this document will provide a basic understanding of Ohio's school finance system and the state foundation in particular.
Abstractor: ERIC
Entry Date: 2005
Accession Number: ED486381
Database: ERIC
Description
Abstract:The funding of K-12 public schools in Ohio is a joint effort with 7.4 percent coming from the federal government, 47 percent coming from local sources and 45.6 percent coming from the state, based on FY04 revenue (the latest data available). Of the approximately $6.8 billion in state aid, about 80 percent is distributed through the Ohio School Foundation Program to 613 city, exempted village and local school districts. In addition, another $300 million is funneled through the foundation program to Ohio charter schools by deducting this funding from the regular school district's payments where the charter school pupil resides. Funding calculations and school foundation formula are summarized on form "SF-3." This document presents a prototype of Ohio's new SF-3 form, along with line-by-line explanations. It is hoped that the information contained in this document will provide a basic understanding of Ohio's school finance system and the state foundation in particular.