WGU D023 FINANCIAL LEADERSHIP
FULL EXAM SET & PREDICTIVE PACKAGE
HIGH PERFORMANCE 2026.
⫸ 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.
⫸ Vouchers Answer: Payments made to parents or an institution.
They come from both public tax dollars and private revenue sourced.
, ⫸ User Fee Answer: A charge applied to a student for access to a
specific program or resource.
⫸ Private and Nongovernmental contributions Answer: This
category of nontraditional funding includes grants, gifts, donations,
and in-kind services.
⫸ Gaming Revenue Answer: Funding that comes from lotteries and
casinos.
⫸ Cost-reimbursement Grant Answer: Most common type of grant.
Schools spends the money first and then is reimbursed.
⫸ Fixed Dollar Grants Answer: Most often focused on achieving a
certain program objective instead of costs incurred.
⫸ Equalization Grants Answer: provide funding on a per-pupil basis
but take into account the wealth and funds available to a district
through local means.
⫸ Flat Grant Answer: provides a set rate of funding per pupil
regardless of the wealth or resources of the district.
⫸ Categorical Grants Answer: typically awarded by the state or
federal government but are restricted in their use to specific
expenditures.
FULL EXAM SET & PREDICTIVE PACKAGE
HIGH PERFORMANCE 2026.
⫸ 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.
⫸ Vouchers Answer: Payments made to parents or an institution.
They come from both public tax dollars and private revenue sourced.
, ⫸ User Fee Answer: A charge applied to a student for access to a
specific program or resource.
⫸ Private and Nongovernmental contributions Answer: This
category of nontraditional funding includes grants, gifts, donations,
and in-kind services.
⫸ Gaming Revenue Answer: Funding that comes from lotteries and
casinos.
⫸ Cost-reimbursement Grant Answer: Most common type of grant.
Schools spends the money first and then is reimbursed.
⫸ Fixed Dollar Grants Answer: Most often focused on achieving a
certain program objective instead of costs incurred.
⫸ Equalization Grants Answer: provide funding on a per-pupil basis
but take into account the wealth and funds available to a district
through local means.
⫸ Flat Grant Answer: provides a set rate of funding per pupil
regardless of the wealth or resources of the district.
⫸ Categorical Grants Answer: typically awarded by the state or
federal government but are restricted in their use to specific
expenditures.
