The study of Educational Resources and Federal Funding (SERFF) examines the allocation and use of funds provided to school districts and schools through Goals 2000 and five of the largest Elementary and Secondary Education Act (ESEA) programs for the 1997-98 school year. It also examines how program funds are used for various strategies for improving student achievement and how the use of resources varied across schools and districts. It analyzed the proportion of funds used for instruction, instructional support, administration, and other purposes, as well as the proportion of funds used at the district and school levels. The report outlines the targeting of these program funds at the district and school levels and how targeting has changed since the 1994 reauthorization of the ESEA. The six programs in the study accounted for 41 percent of total federal revenues for elementary and secondary education for 1997-98. Four of the programs provided funding to a large majority of school districts through formula grants, whereas two offered competitive grants to a smaller number of districts. Data were collected from a stratified sample of 720 school in 180 districts. Each of the six federal education programs had different priorities and provisions governing the allocation of funds among states, school districts, and other agencies. (Detailed statistics are provided in 93 tables.) (RJM)