WGU D023 SCHOOL FINANCIAL
LEADERSHIP COMPLETE STUDY MATERIALS
◉ 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.
◉ 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.
LEADERSHIP COMPLETE STUDY MATERIALS
◉ 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.
◉ 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.
