WorksheetsD023 Study Guide
Total questions: 52
Worksheet time: 29mins
Which piece of legislation establishes the Title I program for school funding?
Elementary and Secondary Education Act (ESEA)
Individuals with Disabilities Education Act (IDEA)
War on Poverty Act (WPA)
Student Opportunity Equalization Act (SOEA)
Which educational concern is Title I funding intended to correct?
Inequitable learning opportunities for low-income students
Inadequate teacher preparation
Inefficiently managed school districts
A lack of technological skills among students
Which grant program is intended to “improve the quality and effectiveness of teachers, principals, and other school leaders”?
Title I
Title II
Title III
Title IV
Which grant provides funds specifically for hybrid or blended learning?
Title I
Title II
Title III
Title IV
Which funding program has the specific purpose of assisting schools in improving instruction for English learners?
Title I
Title II
Title III
Title IX
Why would a school apply for Title III funding?
To improve instruction for English learners
To purchase assistive technology for students with disabilities
To train school leaders in school-wide improvement strategies
Which statement accurately applies to all state public school funding systems?
A) States have broad discretion over public school funding according to the Tenth Amendment to the U.S. Constitution.
B) States must give all public schools the same amount of funding, according to the Equal Protection Clause of the U.S. Constitution.
C) States are given specific public school funding restrictions by the Elementary and Secondary Education Act of 1965.
D) States receive most of public school funding from federal income taxes through the U.S Department of Education.
Which characteristic would make a public school eligible to use Title I funding for school-wide programs?
Having 40% of enrolled students or higher who qualify for free or reduced lunch
Having a graduation rate that is significantly lower than the national average
Providing educational services to a high number of students with disabilities
Showing a lack of growth or a decline in student achievement over a three-year period
Who can authorize property tax increases to provide funding to public schools?
Local voters
Secretary of Education
City mayor
State superintendent
An elementary school is starting a character education program. Half of the funds for the program will come from the school’s budget, but an equal amount of funding will come from a grant from the state. Which type of grant will the school use to build this program?
Matching grant
Formula grant
Title I grant
Foundation grant
For which purpose would PTA money from fundraising be appropriately used?
Playground equipment
Teacher salaries
School legal fees
Which student fundraising activity represents a breach of ethics for a school administrator?
Selling candy bars to buy new math textbooks
Selling magazines to fund a field trip
Washing cars to pay for extracurricular uniforms
Landscaping work to raise money for natural disaster victims
Which example demonstrates an equity issue in school funding?
A school in an area with low property values received less funding from property taxes than another school in an area with greater property values.
A district allows students to enroll in any school in the district, regardless of their home address.
A district plans to close an elementary school due to low enrollment, despite the community’s desire to have an elementary school in the area.
A district ends its music programs at all schools to compensate for necessary costs of facilities repairs.
A school district's gifted program is housed at Oakhill Elementary School. Students from the other two elementary schools are bused to OES for the program. Which budgetary consideration is consistent with school equity requirements?
What is a main concern of opponents of school voucher programs?
They would make economic segregation more prominent.
They are unavailable to rural students.
They increase the local property tax base due to their high levels of performance.
They artificially inflate the allocations made by the federal government.
16. A magnet school with a theme of Science and Mathematics transfers funds from a curriculum code to a salary code. Which reason would be appropriate for this budget transfer?
To hire additional science and mathematics teachers
To purchase new laboratory equipment
To fund student field trips
To upgrade classroom technology
What is a specific characteristic of zero-based school budgeting?
All expenditures must be justified each new budgeting period.
Proposed expenditures are based on the previous year’s budget.
Budget decisions are centralized and determined by a district office.
Budget decisions are localized and include input from all stakeholders.
What is an essential aspect of the programming and planning budgeting system (PPBS) approach to school budgeting?
Evaluating program outcomes and alternatives that may achieve the same goals
Making itemized inventories of objects needed for all school programs
Prioritizing cost reduction of programs above all other priorities
Focusing only on short-term objectives to anticipate change
The form that must be completed before a purchase order can be generated is:
Requisition form
Invoice form
Delivery form
Payment form
Which budget category consumes the largest portion of school budgets?
Salaries and benefits
Transportation
Instructional supplies
Debt service
Which fund of a school budget would be used to make payments on a construction loan?
Debt service fund
General fund
Facilities fund
Operations fund
Who makes the final decision to approve a school budget in a school district?
The school board
The superintendent
The principal
The teachers
What would a capital improvements fund be used for?
A) Building renovations
B) Professional development
C) Curriculum redesign
D) Regular landscaping
Which factor would increase expenditures for school equipment?
A) Economic inflation
B) Higher property taxes
C) Lower student enrollment
D) Wage stagnation
Which term refers to school funds that have been reserved for future payment in a purchase order?
Encumbrance
Requisition
Revenue
Expenditure
What are encumbrances in a budget?
Funds that have been committed but have yet to be spent
Funds that were spent in the previous budget year
Expenses for which funds have yet to be allocated
Expenses already incurred in the current budget cycle
What is categorical funding in a school budget?
Funding designated for a special purpose
Funding that can be spent at the principal’s discretion
Funding based on a per-pupil formula
Funding that is strictly reserved for emergencies
Which budget category includes funds used to sustain the normal operations, administration, and expenditures of the school?
General
Special
Title I
School activity
An elementary school has received a 3% decrease in funding because of decreased student enrollment, which may be attributed to the opening of a charter school within its boundaries. What should be the principal’s next step when planning the budget for the coming school year?
Evaluate all programs and expenditures to determine the level of funding necessary for the projected student population.
Cut every program in the budget by 3% and announce to staff possible reduction of hours for paraprofessionals.
Petition the school board for increased funding to offset the loss of revenue for the next school year.
Cut one teaching position, which will increase class sizes for the grade level but hold other expenditures steady.
A recent shift in attendance zones requires more students who are English learners to attend one elementary school. Additional staff will be needed to ensure that the new population of students will have their learning needs met. Which budget category would need additional funding at this school, based on the information provided?
General
Special
Title I
School activity
Which source of revenue in a school budget is the school principal directly responsible for?
Activity fees
Categorical aid
State formula
Property taxes
Which action is an important step for a principal in planning a school budget for a new fiscal year?
Projecting student enrollment
Comparing other schools’ expenses
Revising the school’s mission and vision statement
Identifying all vendors that will be used
Where in the budget should the principal look to determine whether there is funding available for a staff training for emergency response?
A
B
C
D
What should a principal do when planning a school budget for a new fiscal year?
Project student enrollment
Compare other schools’ expenses
Revise the school’s mission and vision
Identify all vendors that will be used
School leadership determines a goal to create student data portfolios for all 550 students attending the school. This goal has been approved by the board of education and funds to purchase supplies have been directed to support this project. Which purchase qualifies as a supply and is available to purchase because it directly aligns with this goal?
A computer-based program to organize student data
The purchase of binders or portfolios for each student
A file cabinet to store student data
Desks and chairs for students and staff
Which financial decision does a school principal typically have the authority to make in a public school district?
Having broken classroom windows repaired
Awarding all staff a $500 holiday bonus
Extending the school day by one hour
Raising administrator compensation
Which type of accounting represents a monitoring system that prevents overspending?
Encumbrance accounting
Accrual accounting
Which type of accounting should a principal use to determine the profit for the school store for the month of September?
Cash accounting
Cost accounting
Accrual accounting
Encumbrance accounting
Which type of accounting system should the principal use to determine the viability of an academic program?
Cost accounting
Accrual accounting
Cash accounting
Encumbrance accounting
Which term refers to a projection of the application of funds to allocations for programs, services, and supplies throughout the fiscal year?
Budget
Forecast
Plan
Schedule
Which accounting document provides a projection of expenditures for the school year?
Balance sheet
Purchase order
Requisition
Budget template
How would school-owned buildings be categorized on a balance sheet?
A) Assets
B) Short-term liabilities
C) Long-term liabilities
D) Expenditures
What is an example of a liability in school accounting?
School fees received in advance
Library books
Classroom furniture
Sports equipment
What is a liability in accounting?
Money owed to others
Money from a government source
Property that has monetary value
Services that have been paid for
Which comparison must be included in fiscal accountability reports, according to the Governmental Accounting Standards Board?
Comparison of actual fiscal results with the legally adopted budget
Comparison of the proposed budget with the legally adopted budget
Comparison of the projected results of student achievement in math and reading
Comparison of the salaries and benefits of business managers across the state
A school’s activity fund has a balance of 2,000.Theprincipalapprovesapurchaseorderintheamountof 120 for tickets to the local art museum for a future class field trip. Account Balance Amount Encumbered Total Expenditures Unencumbered Balance A B C D In which box will the $120 appear on the financial statement above?
Box A
Box B
Box C
Box D
Mistake
A school’s booster club raised funds through a bake sale for the annual end-of-the-year banquet. The funds were collected and submitted in January, but they will not be spent until May, when the banquet is planned. How will the booster club funds be categorized on a balance sheet in January?
Assets
Liabilities
Expenditures
Investments
Which function code would be used to spend funds on hiring a new first-grade teacher?
1000
2000
3000
4000
Mrs. Smith, an English teacher, would like to purchase a “smart” TV to use as her display for presentation software. What should you the principal tell her to do first?
Complete a purchase requisition with all required information.
Use the school credit card after approval from her department head.
Ask the school finance secretary for a check to purchase the TV.
Complete a purchase order and send it to the district office.
How will the funds be categorized on the balance sheet for March?
As assets
As liabilities
As expenses
As revenue
An elementary school had a book fair and raised $3,000 for instructional supplies. How would the raised funds be categorized on the balance sheet for both months?
Assets
Liabilities
Expenditures
Investments
Which key budgeting piece must be prepared by a district at the end of a fiscal year budget?
Comprehensive annual financial report
Balance sheet
Fund statement
Student achievement data
