Program Authorization: Article VIII, Sec. 13(B), La. Constitution; HCR 104 of 1998
The mission of the Minimum Foundation Program (MFP) is to maintain a state educational system that is a solid foundation for learning where all students reach challenging academic standards.
The goals of the Minimum Foundation Program are:
1. Provide financial resources on an equitable basis in relation to the local tax base allowing comparable funding for all students.
2. Allocate appropriated funds on an equitable basis to parish and city school systems according to the adopted formula.
OBJECTIVES AND PERFORMANCE INDICATORS
Unless otherwise indicated, all objectives are to be accomplished during or by the end of FY 1999-2000. Performance indicators are made up of two parts: name and value. The indicator name describes what is being measured. The indicator value is the numeric value or level achieved within a given measurement period. For budgeting purposes, performance indicator values are shown for the prior fiscal year, the current fiscal year, and alternative funding scenarios (continuation budget level and Executive Budget recommendation level) for the ensuing fiscal year (the fiscal year of the budget document).
RESOURCE ALLOCATION FOR THE PROGRAM
SOURCE OF FUNDING
This program is funded by the General Fund and the Lottery Proceeds Fund (Per R.S.39:32B.(8), see table below for a listing of expenditures out of each Statutory Dedicated Fund.)
ANALYSIS OF RECOMMENDATION
The total means of financing for this program is recommended at 102.2% of the existing operating budget. It represents 95.5% of the total request ($2,347,945,914) for this program. The Total Recommended amount above includes an increase of $50,000,000 for normal growth and a means of financing substitution that replaces $300,000 of Lottery Proceeds with General Fund.
ACQUISITIONS AND MAJOR REPAIRS
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