WGU D023 Terms and Definitions| Exam Questions with Correct Answers 100% Verified By
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5 Stakeholders Who Should Be at Your District's or School's Fundraising Table District and
School Leadership, teachers, PTO and/or Educational Foundation, IT team,Other PLTW
Advocates (parents, business leaders, clubs)
Accrual Accounting Recognition of revenue when it is obtained. This accounting system is
based on a process of amortization, long-term capitalization, and depreciation. This system is
not commonly utilized at the building level but is a common practice for maintenance of bond
referendum management, debt management, transportation equipment purchase and
management, and construction or major renovation
Activity Fund Any fee associated with noncurricular activities.
Agency Funds Fudiciary Funds/related to school activities and not owned or controlled by
district.
Asset Something of value that is held by the organization. State general aid, property tax
revenue, fundraiser profit, grant funding, activity fees, buses, computer hardware, textbooks,
playground equipment, or band instruments
Award Grant Stage Notification of award status and implementation of the initiative or
program as described in the grant application.
Balance Sheet Provides a projection of expenditures for the school year. Report of the
financial status of the organization on a given date or end of an accounting period
Bonding The building of school buildings with bond money. Similar to a mortgage.
Capital This funding line item within a budget represents longer term items such as
construction projects, renovations, and improvements of a large scale.
, Capital Outlay The money put forth to build a building
Capital Projects Funds Governmental Funds/Account for resources held for acquisition or
construction of capital facilities.
Cash Flow the total amount of money being transferred into and out of a business.
Categorical Grants typically awarded by the state or federal government but are restricted
in their use to specific expenditures.
Charter School An independently run public school expect from rules and regulations of a
traditional public school. They must accept students based on a lottery.
Competitive Grants is awarded on an application basis and is typically a supplementation
portion of a budget.
Cost Accounting determine the viability of an academic program, Used for program
evaluation. This system of accounting would be best associated with program-to-expense
evaluation. In this system, the expense of specific systems or programs can be easily calculated
and then evaluated based on the results. This is common in program evaluation and budget
forecasting
Cost-reimbursement Grant Most common type of grant. Schools spends the money first and
then is reimbursed.
Debt Service Funds Governmental Funds/accumulation of resources to pay for principal and
interested with long-term debt
Experts| Latest Update Guaranteed Success
5 Stakeholders Who Should Be at Your District's or School's Fundraising Table District and
School Leadership, teachers, PTO and/or Educational Foundation, IT team,Other PLTW
Advocates (parents, business leaders, clubs)
Accrual Accounting Recognition of revenue when it is obtained. This accounting system is
based on a process of amortization, long-term capitalization, and depreciation. This system is
not commonly utilized at the building level but is a common practice for maintenance of bond
referendum management, debt management, transportation equipment purchase and
management, and construction or major renovation
Activity Fund Any fee associated with noncurricular activities.
Agency Funds Fudiciary Funds/related to school activities and not owned or controlled by
district.
Asset Something of value that is held by the organization. State general aid, property tax
revenue, fundraiser profit, grant funding, activity fees, buses, computer hardware, textbooks,
playground equipment, or band instruments
Award Grant Stage Notification of award status and implementation of the initiative or
program as described in the grant application.
Balance Sheet Provides a projection of expenditures for the school year. Report of the
financial status of the organization on a given date or end of an accounting period
Bonding The building of school buildings with bond money. Similar to a mortgage.
Capital This funding line item within a budget represents longer term items such as
construction projects, renovations, and improvements of a large scale.
, Capital Outlay The money put forth to build a building
Capital Projects Funds Governmental Funds/Account for resources held for acquisition or
construction of capital facilities.
Cash Flow the total amount of money being transferred into and out of a business.
Categorical Grants typically awarded by the state or federal government but are restricted
in their use to specific expenditures.
Charter School An independently run public school expect from rules and regulations of a
traditional public school. They must accept students based on a lottery.
Competitive Grants is awarded on an application basis and is typically a supplementation
portion of a budget.
Cost Accounting determine the viability of an academic program, Used for program
evaluation. This system of accounting would be best associated with program-to-expense
evaluation. In this system, the expense of specific systems or programs can be easily calculated
and then evaluated based on the results. This is common in program evaluation and budget
forecasting
Cost-reimbursement Grant Most common type of grant. Schools spends the money first and
then is reimbursed.
Debt Service Funds Governmental Funds/accumulation of resources to pay for principal and
interested with long-term debt
