The Division of Education Finance

Mission

To develop and adopt equitable means by which to distribute state and federal aid to local education agencies and other service providers for public and nonpublic elementary and secondary schools, and other educational programs.

Core Functions

The Division of Education Finance oversees administration of the Minimum Foundation Program, which is the state's largest source for education spending. The Minimum Foundation Program formula adopted by the State Board of Elementary and Secondary Education, and approved by the Legislature, determines the cost of a minimum foundation program of education in all public elementary and secondary schools and helps to equitably allocate the funds to parish and city school systems. It also provides incentives for local support.

The Division is comprised of two units which manage the distribution of state and federal education funding of public and nonpublic schools.

Organizational Units

Budget Management Unit - management and oversight of all state-level appropriations including the Department, MFP, local school districts, Special School Districts #1 and #2, and funding to other recipients.

Auditing Unit - performs reviews of the data utilized in the Minimum Foundation Program funding formula, allocations of state funds to non-public schools, and federal grants awarded to subrecipients.

Activites

• MFP Administration
• Grants Management
• State Budget Activities Unit
• State and Federal Auditing Unit