WGU - D023: School Financial Leadership Exam Questions with Correct Answers 100%
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What are some challenges school districts experience due to their reliance upon property
taxes? tax base does not support funding needs. Tax payers become overburdened by ever
increasing tax rates.
Vouchers Payments made to parents or an institution. They come from both public tax
dollars and private revenue sourced.
User Fee A charge applied to a student for access to a specific program or resource.
Private and Nongovernmental contributions This category of nontraditional funding includes
grants, gifts, donations, and in-kind services.
Gaming Revenue Funding that comes from lotteries and casinos.
Cost-reimbursement Grant Most common type of grant. Schools spends the money first and
then is reimbursed.
Fixed Dollar Grants Most often focused on achieving a certain program objective instead of
costs incurred.
Equalization Grants provide funding on a per-pupil basis but take into account the wealth
and funds available to a district through local means.
Flat Grant provides a set rate of funding per pupil regardless of the wealth or resources of
the district.
Categorical Grants typically awarded by the state or federal government but are restricted
in their use to specific expenditures.
, Competitive Grants is awarded on an application basis and is typically a supplementation
portion of a budget.
Race to the Top a federal program that offered funding to schools in a competitive manner.
ESEA Grant Categorical grant that provides funding calculated on a per pupil basis.
IDEA Grant Categorical grant program that supports the needs of students with disabilities.
Payment in lieu of taxes block grant utilization where funds are provided in a more general
aide manner.
Pre-award Grant Stage searching for opportunities, paring needs with opportunities,
retrieving and reviewing application process, completing applications, and submitting
applications.
Award Grant Stage Notification of award status and implementation of the initiative or
program as described in the grant application.
Power-award Grant Stage evaluating the initiative or program, reporting the results or the
initiative as detailed in the grant application, and applying for renewal if available.
Origination Includes the moral components of the decision-making process, the anatomy of
the dilemma, common strategies employed, and the outcomes in terms of how money meant
to support schools is generated.
Financial Reporting refers to the reporting of financial records or information to appropriate
stakeholders.
Verified By Experts| Latest Update Guaranteed Success
What are some challenges school districts experience due to their reliance upon property
taxes? tax base does not support funding needs. Tax payers become overburdened by ever
increasing tax rates.
Vouchers Payments made to parents or an institution. They come from both public tax
dollars and private revenue sourced.
User Fee A charge applied to a student for access to a specific program or resource.
Private and Nongovernmental contributions This category of nontraditional funding includes
grants, gifts, donations, and in-kind services.
Gaming Revenue Funding that comes from lotteries and casinos.
Cost-reimbursement Grant Most common type of grant. Schools spends the money first and
then is reimbursed.
Fixed Dollar Grants Most often focused on achieving a certain program objective instead of
costs incurred.
Equalization Grants provide funding on a per-pupil basis but take into account the wealth
and funds available to a district through local means.
Flat Grant provides a set rate of funding per pupil regardless of the wealth or resources of
the district.
Categorical Grants typically awarded by the state or federal government but are restricted
in their use to specific expenditures.
, Competitive Grants is awarded on an application basis and is typically a supplementation
portion of a budget.
Race to the Top a federal program that offered funding to schools in a competitive manner.
ESEA Grant Categorical grant that provides funding calculated on a per pupil basis.
IDEA Grant Categorical grant program that supports the needs of students with disabilities.
Payment in lieu of taxes block grant utilization where funds are provided in a more general
aide manner.
Pre-award Grant Stage searching for opportunities, paring needs with opportunities,
retrieving and reviewing application process, completing applications, and submitting
applications.
Award Grant Stage Notification of award status and implementation of the initiative or
program as described in the grant application.
Power-award Grant Stage evaluating the initiative or program, reporting the results or the
initiative as detailed in the grant application, and applying for renewal if available.
Origination Includes the moral components of the decision-making process, the anatomy of
the dilemma, common strategies employed, and the outcomes in terms of how money meant
to support schools is generated.
Financial Reporting refers to the reporting of financial records or information to appropriate
stakeholders.
