Table 14 in the Superintendent’s Annual Report provides division totals regarding the distribution in 2016 of $6.29 billion in state funds. Table 1 lists the end of year enrollment (aka Average Daily Membership, “ADM”) for each division.
VDOE dispenses the funds on a per ADM basis but I have so far not found the formula for calculating that number. The statutory categories are here.
In any case, we have the totals.
Here is a short list of divisions showing the total funds and funds per student for each.
Note: The average there is by division; the average by student (total funds/total ADM) is $5,065. This tells already that the (much more numerous) smaller divisions are getting more money per kid on average. See below.
Next, the distribution of funding per student, in $100 increments.
The inserted colors represent the locations of the divisions listed above; Richmond is gold; Lynchburg, violet; Charles City, green. The red, from the left, are Richmond’s peer jurisdictions, Hampton, Norfolk and Newport News.
Turning to the funds per student as a function of ADM, we get the following:
Same color codes as above. The peers, from the left, are Hampton, Newport News, and Norfolk.
The fitted line has a slope of -$159 per 10,000 increase in ADM. The R-squared of 6.9% tells us that funding correlates with ADM to a degree but some other factors predominate.
Expanding the x-axis of that graph, we get:
That cluster of small divisions above the line tells suggests that smallness indeed helps to get more money; the smaller cluster below confirms that size is far from the only influence on the funding.
The two Big Winners here are Charlotte County, $9,036 per student, and Brunswick County, $8,500. The Big Losers are Falls Church, $2,500, and Arlington, $2,600.
Here is the complete list.