1.    The superintendent of public instruction shall determine the educational cost per student.

2.    In determining the educational cost per student, the superintendent may not use:

a.    Capital outlay for buildings; b.    Capital outlay for sites; c.    Capital outlay for debt service; d.    Expenditures for school activities; e.    Expenditures for school lunch programs; f.    Expenditures for transportation costs, including schoolbuses; or g.    Expenditures for early childhood education.