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CPACE 246 Flash Cards Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed A+|48 Pages

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What are categorical funds? - ️️1. Restricted funds for specific purposes only. 2. State - Title I, Federal Government, child nutrition School Site Council - ️️-principal is member -50/50 between parents and employees -does not vote on federal/state budgets Define "audit" and state what information an audit provides about school district funds. - ️️An audit is an examination of documents, records and accounts. Confirms the fund balances as well as their distribution among restricted and unrestricted funds. What are the seven fields that must be included in the account codes of the CA School Accounting Manual? - ️️1. Fund 2. Resource 3. Project Year 4. Goal 5. Function 6. Object 7. Account group What is zero-based budgeting? (ZBB) - ️️-builds from the bottom up -administrators programs annually -cardinal principal: "nothing is sacred" -objective is to force a rigorous evaluation of all programs

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