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WGU D023 School Financial Leadership Test 2025 COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTING REAL EXAM QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)

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WGU D023 School Financial Leadership Test 2025 COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY TESTED QUESTIONS |RECENTLY TESTING REAL EXAM QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)

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WGU D023 School Financial Leadership Test 2025
COMPREHENSIVE EXAM QUESTIONS |FREQUENTLY
TESTED QUESTIONS |RECENTLY TESTING REAL EXAM
QUESTIONS|VERIFIED SOLUTIONS (100% CORRECT)
1st Development Stage of School Finance - (ANSWER)The period of local district
financial responsibility, with little or no assistance from the state

-used to be local or church

-rate bills or tuition

-problem in equity



2nd Development Stage of School Finance - (ANSWER)The period of emerging
state responsibility, with the use of flat grants, subventions, and other
nonequalizing state allocations to local districts

-state to supplement local tax revenues to provide acceptable programs



3rd Development Stage of School Finance - (ANSWER)The emergence of the
Strayer-Haig concept of a foundation program (minimum program)

-Each local district would levy the amount of local tax that was required in the
richest district of the state to provide a foundation, or minimum, program. The
rich district would receive no state funds; the other districts would receive state
funds necessary to provide the foundation program.



4th Development Stage of School Finance - (ANSWER)The period of refinement of
the foundation program concept

-use of flat grants

,-question to take money from wealthy districts to equalize



5th Development Stage of School Finance - (ANSWER)"Power" or "open-end"
(shared costs) equalization practices

-20th century



Equalization - (ANSWER)state and local districts began exercising a degree of
partnership in establishing and paying for a basic program of education for every
school-age child in the state—at least in theory. In practice, the link between
funding and program quality was questionable.



open-ended, or shared-cost, equalization plan - (ANSWER)the percentage of this
program to be paid by each individual district and by the state. This percentage of
state funds would be high for poor districts and low for wealthier ones. Once that
determination has been made for each district, the same partnership ratio would
be maintained to pay the total cost of the school program in each district

-Harlan Updegraff



6th Development Stage of School Finance - (ANSWER)The shift of emphasis and
influence, and funding for special need

-economic factors influenced (wars, terrorist attacks, natural disasters, fluctuating
prices in energy, had to rethink budget and safety of schools



7th Development Stage of School Finance - (ANSWER)A focus on adequacy in
education finance

,-court cases

-sufficient funding is needed to meet state laws, standards, and requirements,
and must be constitutionally enforceable

-CCSS



Foundational funding - (ANSWER)The state provides a minimal level of funding as
a guarantee per student expenditure. The intent of this system is to counteract
the disparity of wealth across various districts of a state.



Common School Era - (ANSWER)Local school districts were formed to support the
education of the local population, many of whom were the children of
immigrants. In order to accommodate this influx of educational need with limited
personal resources, local property taxes became mandated to support public
schools.



Early Colonial Schooling - (ANSWER)Funded through tuition or rate changes,
primarily as a funding of the local community or church of that community.



Funding for public schools is directly addressed in which document? -
(ANSWER)State Constitution

-The funding and operation of public schools is directly addressed in each state's
constitution. Access to education and the quality are different depending upon
how the state defines its language. For example, a "right" to education is different
than a "goal" to educate all citizens. A "right" provides grounds for equity and
equality litigation while a "goal" may provide more flexibility in disparity.

, What is meant by pupil expenditure? - (ANSWER)The pupil expenditure is the
total expense accounted for by that specific student. For example, this funding
amount includes but is not limited to: personnel expenses (salary, benefits, and
other human resource expenses), transportation costs (gas, busses, oil,
personnel), facility expenses (building construction, maintenance, utilities,
insurance), and instructional resources (books, supplies, technology, materials).
The amount of this pupil expenditure will vary as the cost of living changes for the
location, but in many states the "foundational per pupil expenditure" is a
guaranteed amount per pupil. In instances where the local funding is insufficient,
it is supplemented by the state.



Financial disparity - (ANSWER)



Financial adequacy - (ANSWER)



Financial productivity - (ANSWER)



Federal Funding - (ANSWER)Federal aid continues to be provided in the form of
categorical aid. Yet, it may be time for a larger federal role in financing schools.
The largest and most visible categorical federal assistance programs are ESEA and
IDEA. Also, Raced to the Top has garnered federal aid as a key initiative in the
Obama administration. Federal lands have provided funds for localities in the
form of payments in lieu of taxes.



State Funding - (ANSWER)Equalization aid is the chief method states use to
distribute funding to local school districts within their borders using a foundation
program or district power equalization

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