(A) The department of education shall compute and distribute state core foundation funding to each eligible school district for the fiscal year, using the information obtained under section 3317.021 of the Revised Code in the calendar year in which the fiscal year begins, as prescribed in the following divisions:

1. (1) An opportunity grant calculated according to the following formula: The formula amount X (formula ADM + preschool scholarship ADM) X the district's state share index
2. (2) Targeted assistance funds calculated under divisions (A) and (B) of section 3317.0217 of the Revised Code;

3. (3) Additional state aid for special education and related services provided under Chapter 3323. of the Revised Code calculated as the sum of the following:

   1. (a) The district's category one special education ADM X the amount specified in division (A) of section 3317.013 of the Revised Code X the district's state share index;
   2. (b) The district's category two special education ADM X the amount specified in division (B) of section 3317.013 of the Revised Code X the district's state share index;
   3. (c) The district's category three special education ADM X the amount specified in division (C) of section 3317.013 of the Revised Code X the district's state share index;
   4. (d) The district's category four special education ADM X the amount specified in division (D) of section 3317.013 of the Revised Code X the district's state share index;
   5. (e) The district's category five special education ADM X the amount specified in division (E) of section 3317.013 of the Revised Code X the district's state share index;
   6. (f) The district's category six special education ADM X the amount specified in division (F) of section 3317.013 of the Revised Code X the district's state share index.
4. (4) Kindergarten through third grade literacy funds calculated according to the following formula: ($193 X formula ADM for grades kindergarten through three X the district's state share index) + ($127 X formula ADM for grades kindergarten through three) For purposes of this calculation, the department shall subtract from a district's formula ADM for grades kindergarten through three the number of students reported under division (B)(3)(e) of section 3317.03 of the Revised Code as enrolled in an internet- or computer-based community school who are in grades kindergarten through three.
5. (5) Economically disadvantaged funds calculated according to the following formula: $272 X (the district's economically disadvantaged index) X the number of students who are economically disadvantaged as certified under division (B)(21) of section 3317.03 of the Revised Code

6. (6) English learner funds calculated as the sum of the following:

   1. (a) The district's category one English learner ADM X the amount specified in division (A) of section 3317.016 of the Revised Code X the district's state share index;
   2. (b) The district's category two English learner ADM X the amount specified in division (B) of section 3317.016 of the Revised Code X the district's state share index;
   3. (c) The district's category three English learner ADM X the amount specified in division (C) of section 3317.016 of the Revised Code X the district's state share index.

7. (7)

   1. (a) Gifted identification funds calculated according to the following formula: $5.05 X the district's formula ADM
   2. (b) Gifted unit funding calculated under section 3317.051 of the Revised Code.

8. (8) Career-technical education funds calculated as the sum of the following:

   1. (a) The district's category one career-technical education ADM X the amount specified in division (A) of section 3317.014 of the Revised Code X the district's state share index;
   2. (b) The district's category two career-technical education ADM X the amount specified in division (B) of section 3317.014 of the Revised Code X the district's state share index;
   3. (c) The district's category three career-technical education ADM X the amount specified in division (C) of section 3317.014 of the Revised Code X the district's state share index;
   4. (d) The district's category four career-technical education ADM X the amount specified in division (D) of section 3317.014 of the Revised Code X the district's state share index;
   5. (e) The district's category five career-technical education ADM X the amount specified in division (E) of section 3317.014 of the Revised Code X the district's state share index. Payment of funds under division (A)(8) of this section is subject to approval under section 3317.161 of the Revised Code.
9. (9) Career-technical education associated services funds calculated according to the following formula: The district's state share index X the amount for career-technical education associated services specified in section 3317.014 of the Revised Code X the sum of categories one through five career-technical education ADM
10. (10) Capacity aid funds calculated under section 3317.0218 of the Revised Code;
11. (11) A graduation bonus calculated under section 3317.0215 of the Revised Code;
12. (12) A third-grade reading bonus calculated under section 3317.0216 of the Revised Code.

(E) All funds received under division (A)(8) of this section shall be spent in the following manner:

1. (1) At least seventy-five per cent of the funds shall be spent on curriculum development, purchase, and implementation; instructional resources and supplies; industry-based program certification; student assessment, credentialing, and placement; curriculum specific equipment purchases and leases; career-technical student organization fees and expenses; home and agency linkages; work-based learning experiences; professional development; and other costs directly associated with career-technical education programs including development of new programs.
2. (2) Not more than twenty-five per cent of the funds shall be used for personnel expenditures.