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Program A: Minimum Foundation Program

Program Authorization: Article VIII, Sec. 13(B), La. Constitution; HCR 104 of 1998

PROGRAM DESCRIPTION

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

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$2,093,078,998

$2,192,578,998

0

 

ACT 19 FISCAL YEAR 1998-1999

 

 

 

 

 

$2,093,078,998

$2,192,578,998

0

 

EXISTING OPERATING BUDGET - November 20, 1998

 

 

 

 

 

$50,000,000

$50,000,000

0

 

Normal growth

$300,000

($300,000)

0

 

Means of Financing Substitutions - Replace Lottery Proceeds with General Fund

 

 

 

 

 

$2,143,379,998

$2,242,578,998

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$50,300,000

$50,000,000

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

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.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1999-2000.

OTHER CHARGES

$2,242,578,998

 

Minimum Foundation Program

 

 

 

$2,242,578,998

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major repairs for Fiscal year 1999-2000.


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