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Florida Salary Increase Allocation Calculator 2023-24

Florida Salary Increase Allocation Calculator 2023-24

Finance & Budget, School Operations | Florida

Since 2020, Florida has included the “Teacher Salary Increase Allocation” in the Florida Educational Finance Program. Originally, the state allocated $500-million to raise teacher salaries to a target of $47,500. In 2023-24, the state allocated a little over $1-billion for this purpose, but instead of including it as a separate categorical within the FEFP, it is now part of the base salary. Schools must allocate 4.52% of base FEFP for maintenance of previous salary increases and 1.41% of base FEFP for salary growth.

In 2023-24, the requirements around the money is more flexible. Schools can elect to use the growth portion to raise the base salary for classroom teachers and/or provide salary increases to other full-time instructional personnel as defined by s. 1012.01(2)(a)-(d).

Schools were required to submit a plan by October 1, and are required to submit a final report of expenditures by August 1, 2024.

In May, the Department of Education released the following memos regarding the final expenditure reports which districts are required to submit to the state by August 1:

In September, the Department of Education released the following memos regarding the initial plans which were due in October:

To help charter schools develop their plan for this school year, we’ve released the attached calculator schools can use to calculate the raises to be distributed this year. We are releasing the calculator as an Excel workbook and a Google Sheet. The sheet was created in Google, and we would encourage you to use that version, but doing so requires you to have a Google Account to be able to use this sheet.

Download the Tool

Note, the tool was last updated at 9:31pm on June 17, 2024 and the current version is 3.7. The latest update added the ability to calculate the final expenditure reports required by the state.

The sheet includes instructions on how to use the calculator on the “Directions” tab. Please review that tab and then follow the directions as appropriate. Each district must include charter school plans with their overall reports, final reports are due to the state by August 1, 2024.

Webinar

On Thursday, June 20, 2024 we will present a webinar talking about final expenditure reports and answering questions that viewers may have on how to finish their final report. Please register for the video or watch the recording at: https://charter.support/webinar/sia_2425/

On Thursday, September 21, 2023 we will present a webinar walking people through how to use the tool and answering questions that viewers may have on how the tool works. Please register for the video webinar by visiting: https://charter.support/webinar/csu-salary-increase-calculator-23-24/.

Informational Video:

Below is a training video walking you through how to use the tool and providing information on how the tool works. Please note: the first 5-6 seconds of audio seem to be missing from the video, but it starts working after a few seconds.


Downloads: