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LCFF Funding Snapshot provides a summary of the main components of LCFF Transition funding.
The LCFF was enacted with the passage of the 2013–14 Budget Act, replacing the previous K–12 finance system with a new funding formula. The LCFF for school districts and charter schools is composed of uniform base grants by grade span (K–3, 4–6, 7–8, 9–12) and includes additional funding for targeted students. The LCFF will be phased in over a number of years. Until the LCFF is fully implemented, districts and charters will receive an entitlement known as the LCFF Transition Entitlement. For most districts and charters, it is based on the 2012–13 funding level, adjusted for changes in student population, plus an additional amount each year to bridge the gap between prior funding levels and the new LCFF target levels.
The LCFF Funding Snapshot is generated for the First Principal Apportionment (February Certification) and updated at the Second Principal Apportionment (June Certification) and Annual Apportionment (February Certification of the next fiscal year). The Snapshot data will not be updated after the Annual Apportionment. Detailed funding information for each period is contained in the Principal Apportionment funding exhibits, available on the Principal Apportionment Web page [http://www.cde.ca.gov/fg/aa/pa/]. At each certification of the Principal Apportionment, the calculations and funding data from the previous certification are superseded.
Statewide data files used to produce the LCFF Funding Snapshots are available on the LCFF Funding Snapshot page [http://ias.cde.ca.gov/lcffsnapshot/].