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Local Control Funding Formula - Funding Snapshot

This is the Accessible HTML version of the LCFF Funding Snapshot Report. The Adobe Acrobat Portable Document is the preferred version for downloading and printing and can be accessed on the LCFF Funding Snapshot Report using the PDF option from the export drop down menu.

LCFF Funding Snapshot

LEA Name: Equitas Academy #2 Charter

County: Los Angeles County

CDS Code: 19-64733-0126169

Charter Number: 1402

Fiscal Year: 2016–17 (As of February 2018, Annual)

Local Control Funding Formula (LCFF) Funding Snapshot summarizes the main LCFF funding components but does not contain all funding details. Complete funding data should be obtained from the certified funding exhibits on the Principal Apportionment web page [http://www.cde.ca.gov/fg/aa/pa/].

Local Educational Agency (LEA) Data

Grade Span	K–3	4–6	7–8	9–12	Total
Funded Average Daily Attendance (ADA)	0.00	218.52	163.87	0.00	382.39

Unduplicated Pupil Percentage (UPP)
96.10 %

LCFF Target Entitlement

Funding calculation based on the LCFF funding model at full implementation. During transition most LEAs will not receive this level of funding.

Components	Amount
Base Grant Funding	$2,784,070
Supplemental Grant Funding	535,099
Concentration Grant Funding	404,526
Necessary Small Schools (NSS) Allowance	N/A
Add-On Funding	N/A
Total LCFF Target Entitlement	$3,723,695

LCFF Transition Entitlement

Calculation of the LEA's funding entitlement during the transition period until full implementation of LCFF. This table will either have an amount shown under the Target or the Floor, whichever is lower.

Components	Amount
LCFF Target Entitlement	$0
Floor Entitlement, Including Prior Year (PY) Gap	3,490,234
Current Year (CY) Gap Funding	130,917
Economic Recovery Target	0
Additional LCFF State Aid to Meet the Minimum Guarantee (Additional SA for MSA)	0
Total Transition Entitlement Adjusted for Additional SA for MSA*	$3,621,151

LCFF Target vs LCFF Floor

A comparison of the LEA's Target and Floor Entitlements to determine current year Remaining LCFF Need. Some LEAs are funded at the Target and do not have a Remaining LCFF Need.

Components	Amount
LCFF Target Entitlement	$3,723,695
Less Floor Entitlement, Including PY Gap	(3,490,234)
Less CY Gap Funding	(130,917)
Remaining LCFF Need	$102,544

A color-coded pie chart titled "LCFF Target vs LCFF Floor" displays the amounts from the table with a legend containing titles of components.

LCFF Funding Sources (Actual Funding)

The actual amount of current year LCFF funding by source.

Components	Amount
Local Revenue	$847,132
Education Protection Account (EPA) State Aid	76,478
LCFF State Aid Before MSA	2,697,541
Additional SA for MSA	0
Total Funding**	$3,621,151

A color-coded pie chart titled “LCFF Funding Sources” displays the amounts from the table with a legend containing titles of components.

* LCFF Transition Entitlement components may not sum to Total Transition Entitlement Adjusted for MSA due to miscellaneous adjustments.

** Total LCFF Funding sources (Actual Funding) may be greater than Total Transition Entitlement Adjusted for MSA due to an LEA's EPA State Aid and/or because local revenue exceeds the LEA's Transition Entitlement.

Note: Some amounts may not display on the pie charts due to their relative size compared to other components.

Legend

Local Educational Agency (LEA) Data

Components	Description
Funded Average Daily Attendance (ADA)	Funded ADA for school districts is the greater of prior year or current year ADA, and includes any ADA funded through the Necessary Small School formula. Charter schools are funded on current year ADA.
Unduplicated Pupil Percentage (UPP)	An LEA’s unduplicated pupil count refers to its count of disadvantaged students, i.e., those classified as English learners, those meeting income or categorical eligibility criteria for participation in the National School Lunch Program, foster youth, or any combination of these factors. The sum of unduplicated pupil counts for the current and two prior years is divided by the sum of enrollment for the current and two prior years to determine UPP for the current year.

Components

Description

Funded Average Daily Attendance (ADA)

Funded ADA for school districts is the greater of prior year or current year ADA, and includes any ADA funded through the Necessary Small School formula. Charter schools are funded on current year ADA.

Unduplicated Pupil Percentage (UPP)

An LEA’s unduplicated pupil count refers to its count of disadvantaged students, i.e., those classified as English learners, those meeting income or categorical eligibility criteria for participation in the National School Lunch Program, foster youth, or any combination of these factors. The sum of unduplicated pupil counts for the current and two prior years is divided by the sum of enrollment for the current and two prior years to determine UPP for the current year.

LCFF Target Entitlement

Components	Description
Base Grant Funding	An amount of funding provided for each unit of ADA by grade span. The Kindergarten through K–3 grade span includes an additional adjustment of 10.4 percent and the 9–12 grade span includes an additional adjustment of 2.6 percent of the base grant. Base grant amounts for the applicable fiscal year are available on the CDE's Funding Rates and Information [http://www.cde.ca.gov/fg/aa/pa/ratesandinfo.asp] web page.
Supplemental Grant Funding	Additional grant equal to 20 percent of the adjusted base grant, multiplied by an LEA’s UPP and ADA.
Concentration Grant Funding	Additional grant equal to 50 percent of the adjusted base grant (for each LEA with UPP in excess of 55 percent) multiplied by the LEA's UPP points above 55 percent and ADA. For charter schools, the UPP for concentration grant funding is capped at the lesser of the charter school's own UPP or the determinative district's UPP.
Necessary Small School (NSS) Allowance	Funding for school districts with qualifying schools that serve a small population of students and are geographically isolated. NSS funding is provided in lieu of LCFF Base Grant funding.
Add-On Funding	Funding for school districts equal to the LEA’s 2012–13 entitlements for the Targeted Instructional Improvement Block Grant, Home-to-School Transportation, and Small School District Bus Replacement Program. These programs were eliminated with the passage of LCFF.

LCFF Transition Entitlement

Components	Description
Floor Entitlement, Including Prior Year (PY) Gap	For LEAs not yet funded at the LCFF Target, a Floor Entitlement is calculated based on current year funded ADA, 2012–13 deficited funding rates, 2012–13 categorical program funding, and PY Gap funding adjusted for changes in ADA.
Current Year (CY) Gap Funding	LCFF Need is the amount of funding required beyond the Floor to fully fund the Target, i.e., the difference between the Floor and the Target. Gap funding is the amount of LCFF Need that is funded in any given year based on the amount of funds included for LCFF Transition in the annual Budget Act. Each LEA’s Gap Funding is based on the LEA’s proportion of statewide need; the statewide percentage and funding amount for the applicable fiscalyear are available on the CDE's Funding Rates and Information [http://www.cde.ca.gov/fg/aa/pa/ratesandinfo.asp] web page.
Economic Recovery Target	Additional funding for those LEAs that would have received a higher level of funding under revenue limits and various categorical programs, based on certain assumptions.
Additional LCFF State Aid to Meet the Minimum Guarantee (Additional SA for MSA)	The Minimum State Aid (MSA) Guarantee is the level of funding to ensure that LEAs receive at least the same amount in state aid as they received in 2012–13, adjusted for changes in ADA and property taxes. The Additional SA for MSA, available for some LEAs, is the difference between the MSA guarantee and the LCFF State Aid Before MSA (see description below).

LCFF Target vs. LCFF Floor

Component	Description
Remaining LCFF Need	The difference between the LCFF Target Entitlement and the sum of Floor Entitlement and CY Gap funding for those LEAs not funded at the LCFF Target. This amount is unfunded.

LCFF Funding Source (Actual Funding)

Components	Description
Local Revenue	The amount of local property taxes (in-lieu of property taxes for charter schools) that funds the LCFF Transition Entitlement prior to determining state aid.
Education Protection Account (EPA) State Aid	Funding authorized by Section 36 of Article XIII of the Constitution of the State of California. Each LEA is guaranteed to receive at least $200 per ADA in EPA funding. The amount an LEA receives in EPA counts towards the LEA's LCFF funds.
State Aid Before MSA	Amount of State Aid calculated after subtracting property taxes and EPA State Aid from the Transition Entitlement before MSA.
Additional SA for MSA	See the LCFF Transition Entitlement section above for a description of this component.

Local Control Funding Formula - Funding Snapshot

This is the Accessible HTML version of the LCFF Funding Snapshot Report. The Adobe Acrobat Portable Document is the preferred version for downloading and printing and can be accessed on the LCFF Funding Snapshot Report using the PDF option from the export drop down menu.

Local Educational Agency (LEA) Data

LCFF Target Entitlement

LCFF Transition Entitlement

LCFF Target vs. LCFF Floor

LCFF Funding Source (Actual Funding)

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