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WGU D023 School Financial Leadership Exam Questions with Correct Answers 100% Verified By Experts

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WGU D023 School Financial Leadership Exam Questions with Correct Answers 100% Verified
By Experts| Latest Update Guaranteed Success

Equalization state and local districts began exercising a degree of partnership in establishing
and paying for a basic program of education for every school-age child in the state—at least in
theory. In practice, the link between funding and program quality was questionable.



open-ended, or shared-cost, equalization plan the percentage of this program to be paid by
each individual district and by the state. This percentage of state funds would be high for poor
districts and low for wealthier ones. Once that determination has been made for each district,
the same partnership ratio would be maintained to pay the total cost of the school program in
each district
-Harlan Updegraff



Foundational funding The state provides a minimal level of funding as a guarantee per
student expenditure. The intent of this system is to counteract the disparity of wealth across
various districts of a state.



Common School Era Local school districts were formed to support the education of the local
population, many of whom were the children of immigrants. In order to accommodate this
influx of educational need with limited personal resources, local property taxes became
mandated to support public schools.



Early Colonial Schooling Funded through tuition or rate changes, primarily as a funding of
the local community or church of that community.



What is meant by pupil expenditure? The pupil expenditure is the total expense accounted
for by that specific student. For example, this funding amount includes but is not limited to:
personnel expenses (salary, benefits, and other human resource expenses), transportation
costs (gas, busses, oil, personnel), facility expenses (building construction, maintenance,
utilities, insurance), and instructional resources (books, supplies, technology, materials). The
amount of this pupil expenditure will vary as the cost of living changes for the location, but in
many states the "foundational per pupil expenditure" is a guaranteed amount per pupil. In
instances where the local funding is insufficient, it is supplemented by the state.

,Federal Funding Federal aid continues to be provided in the form of categorical aid. Yet, it
may be time for a larger federal role in financing schools. The largest and most visible
categorical federal assistance programs are ESEA and IDEA. Also, Raced to the Top has garnered
federal aid as a key initiative in the Obama administration. Federal lands have provided funds
for localities in the form of payments in lieu of taxes.



State Funding Equalization aid is the chief method states use to distribute funding to local
school districts within their borders using a foundation program or district power equalization



Local Funding property taxes



ESEA/ESSA through funding Title 1, Part A, of the ESEA, reauthorized in 2001, (often called
the No Child Left Behind Act) authorizes federal aid to disadvantaged and low-income children
for supplementary education and related services.



Title I Funding authorized federal aid to local school districts for the education of
disadvantaged and low-income children for supplementary education and related services.
-four separate formulas that distribute funds to states and local school districts: Basic,
Concentration, Targeted, and Education Finance Incentive Grant (EFIG)
-held accountable (Highly qualified teachers, CCSS, performance/assessment standards)
Obama-student gain scores



Title II Funding teacher and principal training and recruiting fund



Title III Funding helps eligible IHEs to become self-sufficient and expand their capacity to
serve low-income students by providing funds to improve and strengthen the academic quality,
institutional management, and fiscal stability of eligible institutions.



Title IV Funding safe and drug free school

, IDEA -It serves as both a civil rights statue and a grant formula that funds a free and
appropriate public education (FAPE) for children with disabilities who comprise 12.18 percent
of the total public school enrollment.
-FAPE- for kids 3-21
Education
-must be based on an individualized education plan (IEP) delivered in the least restrictive
environment.



Race to the Top Program A competitive program launched by the Obama administration to
provide funding to states that have developed innovative reforms to increase student
achievement, close achievement gaps, improve high school graduation rates, and ensure that
students are prepared for success in college and careers.
-STEAM


Federal, State, or Local?:
Title I, II, or III funding via ESEA to support underprivileged students and the closure of the
achievement gap federal


Federal, State, or Local?:

Bond levy funding for construction of a building Local


Federal, State, or Local?:
Foundational funding provided by formula to support an equitable per pupil expenditure level
State


True or False

Federal funds are automatically provided to schools that qualify for federal funding. False:
Federal funding is not provided directly to school districts or individual schools. Federal funding
is awarded to states via an application process.

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