The Study of Education Resources and Federal Funding (SERFF) examined the allocation and use of funds provided to school districts and schools through the Goals 2000 and five of the largest Elementary and Secondary Education Act programs for fiscal year 1997, corresponding to the 1997-1998 school year. The six federal programs included in this study are: (1) Title I, Part A, grants to local education agencies to help disadvantaged children meet high standards; (2) Title II, the Eisenhower Professional Development Program; (3) Title III, the Technology Literacy Challenge Fund; (4) Title IV, state and local agency programs for safe and drug-free schools; (5) Title VI, innovative education program strategies; and (6) Goals 2000, state and local systemic improvement. These six programs accounted for 41 percent of total federal revenues for elementary and secondary education in 1997-1998. Four of the programs provided funding to a large majority of school districts through formula grants, and two offered competitive grants to a smaller number of districts. Data were collected from a national sample of 720 schools in 180 districts. The study examined the extent to which program funds were used for various strategies for improving student achievement, including professional development, technology, extended learning time, and schoolwide reform and improvement. The report also examines the targeting of federal program funds at the district and school levels, in comparison with the distribution of state and local funds. This final report also examines the share of Title I funds used for teachers, aides, technology, and professional development. Some conclusions about the use of these funds are drawn for each program. (Contains 142 exhibits.) (SLD)