School Finance Definitions

What is the funding source for TK12 schools?

• ADA

• Categorical Aid

• Local Property Tax

• Title I

Answer explanation

The funding source for TK12 schools primarily comes from Average Daily Attendance (ADA), which determines the amount of funding based on student enrollment and attendance rates.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

What limits the property tax to 1%?

• Proposition 13

• Proposition 98

• SB 90

• Fiscal Year

Answer explanation

Proposition 13, passed in 1978, limits property tax rates to 1% of the assessed value of a property, significantly reducing property tax burdens in California.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

Which act is a historic court case that changed school funding from property tax to revenue limit?

• Serrano vs Priest

• Williams Act

• SB 813

• ESEA

Answer explanation

Serrano vs Priest is a landmark case that shifted school funding from reliance on local property taxes to a more equitable revenue limit system, addressing disparities in educational funding across districts.

Tags

CCSS.RI.1.1

CCSS.RI.1.2

What ensures all students have textbooks and clean facilities?

• LCAP

• LCFF

• Interim Report

• Concentration Grant

Answer explanation

LCAP, or the Local Control and Accountability Plan, ensures that all students have access to necessary resources like textbooks and clean facilities by outlining goals and funding allocations for schools.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

CCSS.SL.1.3

CCSS.RI.1.4

What guarantees 40% of the state budget for TK-14?

• Proposition 98

• Proposition 13

• SB 813

• Title I

Answer explanation

Proposition 98 guarantees that at least 40% of the state budget is allocated for K-14 education, making it the correct answer. The other options do not provide this specific funding guarantee.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

What is the Local Control Funding Formula for schools started in 2013?

• LCFF

• LCAP

• SB 90

• Fiscal Year

Answer explanation

The Local Control Funding Formula (LCFF) was implemented in 2013 to provide funding to schools based on student needs, replacing the previous funding system. Therefore, the correct answer is LCFF.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

What is the required district budget report that goes to county offices?

• Interim Report

• SB 813

• SB 90

• Fiscal Year

Answer explanation

The required district budget report that goes to county offices is the Interim Report. This report provides updates on the district's financial status and is essential for county oversight.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

What is the legislation that extended the length of the school day and year?

• SB 813

• Proposition 98

• Title I

• ESEA

Answer explanation

SB 813 is the legislation that specifically extended the length of the school day and year, making it the correct choice among the options provided.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.RI.1.2

What is the amount of expenditures that exceed revenues for a particular program?

• Encroachment

• Concentration Grant

• Supplemental Grant

• Solvency

Answer explanation

Encroachment refers to the situation where expenditures exceed revenues for a program, indicating a financial shortfall. This term specifically captures the essence of the question.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.SL.1.3

What is the funding to be spent only for specific purposes?

• Williams Act

• Categorical Aid

• Local Property Tax

• Title I

Answer explanation

Categorical Aid refers to funding allocated for specific purposes, often tied to particular programs or services, making it the correct choice for this question.

Tags

CCSS.RI.1.1

CCSS.SL.1.2

CCSS.SL.1.3