WGU D023 SCHOOL FINANCIAL
LEADERSHIP STUDY GUIDE 2026 EXAM
QUESTIONS AND VERIFIED ANSWERS
⩥ 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.
⩥ Which President is associated with: Elementary and Secondary
Education Act of 1965 Answer: Lyndon B. Johnson
⩥ Which President is associated with: Goals 2000 Answer: Bill Clinton
⩥ What are some challenges school districts experience due to their
reliance upon property taxes? Answer: tax base does not support funding
needs. Tax payers become overburdened by ever increasing tax rates.
LEADERSHIP STUDY GUIDE 2026 EXAM
QUESTIONS AND VERIFIED ANSWERS
⩥ 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.
⩥ Which President is associated with: Elementary and Secondary
Education Act of 1965 Answer: Lyndon B. Johnson
⩥ Which President is associated with: Goals 2000 Answer: Bill Clinton
⩥ What are some challenges school districts experience due to their
reliance upon property taxes? Answer: tax base does not support funding
needs. Tax payers become overburdened by ever increasing tax rates.
