Financial Management Quiz

What purchases can be made out of the student activity account?

• Trophies, certificates, prizes as a means of recognition for academic, attendance or athletic achievement

• Gift card for Mr. Kopp if approved by SBDM

• Library expenses such as labels, scanners, materials for the library

• None of the above

When the Board takes the 4 percent at tax time, everyone’s property taxes go up 4%.

• True

• False

In MUNIS, project 97 represents what source of funding? (Ex: 0401118-0610-97)

• Title I

• Student Activity Funds

• Section 6 (SBDM allocation)

• None of the above

If a school applies for a grant, and it is awarded, what do you do with the funds?

• Put it in the school bank account

• Send it to the finance department at Central Office

• Put it in your pocket

• None of the above

Contracts should be signed by the principal and the superintendent.

• True

• False

Booster Clubs can charge fees/dues to students and parents.

• True

• False

A district can reimburse a booster club if:

• it loses money on a fundraiser

• making a purchase on behalf of the school

• if they share the same bookkeeper as the school

• None of the above

The SBDM council along with the principal can determine the salary of an employee.

• True

• False