WGU D023 SCHOOL FINANCIAL
LEADERSHIP COMPREHENSIVE EXAM
STUDY GUIDE COMPLETE QUESTIONS AND
SOLUTIONS
●● Title I
Answer: Provides federal aid to schools for disadvantaged and low-
income children.
●● Local Funding
Answer: Bond levy funding for construction of a building
●● State Funding
Answer: Foundational funding provided by formulas to support and
equitable per pupil expenditure level.
●● Education Finance Incentive Grant
Answer: distributes federal funds based on a state's effort to provide
financial support for education in comparison to its wealth
●● Title II
Answer: Preparing, Training, and Recruiting Highly Qualified Teachers
and Principals
, ●● Title III
Answer: Strengthen institutions: such as Improving EL instruction
●● Title IV
Answer: Safe and Drug Free Schools: such as Hybrid blended learning
●● Capital Outlay
Answer: The money put forth to build a building
●● Reserve Fund
Answer: Money set aside (saved) each year.
●● Bonding
Answer: The building of school buildings with bond money. Similar to a
mortgage.
●● What can school bonds be used for?
Answer: Capital Outlay Projects: buildings, equipment, and construction
projects.
●● Needs Assessment
Answer: First step when creating a budget.
LEADERSHIP COMPREHENSIVE EXAM
STUDY GUIDE COMPLETE QUESTIONS AND
SOLUTIONS
●● Title I
Answer: Provides federal aid to schools for disadvantaged and low-
income children.
●● Local Funding
Answer: Bond levy funding for construction of a building
●● State Funding
Answer: Foundational funding provided by formulas to support and
equitable per pupil expenditure level.
●● Education Finance Incentive Grant
Answer: distributes federal funds based on a state's effort to provide
financial support for education in comparison to its wealth
●● Title II
Answer: Preparing, Training, and Recruiting Highly Qualified Teachers
and Principals
, ●● Title III
Answer: Strengthen institutions: such as Improving EL instruction
●● Title IV
Answer: Safe and Drug Free Schools: such as Hybrid blended learning
●● Capital Outlay
Answer: The money put forth to build a building
●● Reserve Fund
Answer: Money set aside (saved) each year.
●● Bonding
Answer: The building of school buildings with bond money. Similar to a
mortgage.
●● What can school bonds be used for?
Answer: Capital Outlay Projects: buildings, equipment, and construction
projects.
●● Needs Assessment
Answer: First step when creating a budget.
