WGU D023 School Financial Leadership
2025/2026 Exam Questions and Correct
Answers | New Update
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
,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.
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.
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
Local Funding - 🧠ANSWER ✔✔property taxes
ESEA/ESSA through funding - 🧠ANSWER ✔✔Title 1, Part A, of the ESEA,
reauthorized in 2001, (often called the No Child Left Behind Act) authorizes
federal aid to disadvantaged and low-income children for supplementary
education and related services.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Title I Funding - 🧠ANSWER ✔✔authorized federal aid to local school
districts for the education of disadvantaged and low-income children for
supplementary education and related services.
-four separate formulas that distribute funds to states and local school
districts: Basic, Concentration, Targeted, and Education Finance Incentive
Grant (EFIG)
-held accountable (Highly qualified teachers, CCSS,
performance/assessment standards)
Obama-student gain scores
Title II Funding - 🧠ANSWER ✔✔teacher and principal training and
recruiting fund
Title III Funding - 🧠ANSWER ✔✔helps eligible IHEs to become self-
sufficient and expand their capacity to serve low-income students by
providing funds to improve and strengthen the academic quality,
institutional management, and fiscal stability of eligible institutions.
Title IV Funding - 🧠ANSWER ✔✔safe and drug free school
IDEA - 🧠ANSWER ✔✔-It serves as both a civil rights statue and a grant
formula that funds a free and appropriate public education (FAPE) for
2025/2026 Exam Questions and Correct
Answers | New Update
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
,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.
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.
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
Local Funding - 🧠ANSWER ✔✔property taxes
ESEA/ESSA through funding - 🧠ANSWER ✔✔Title 1, Part A, of the ESEA,
reauthorized in 2001, (often called the No Child Left Behind Act) authorizes
federal aid to disadvantaged and low-income children for supplementary
education and related services.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Title I Funding - 🧠ANSWER ✔✔authorized federal aid to local school
districts for the education of disadvantaged and low-income children for
supplementary education and related services.
-four separate formulas that distribute funds to states and local school
districts: Basic, Concentration, Targeted, and Education Finance Incentive
Grant (EFIG)
-held accountable (Highly qualified teachers, CCSS,
performance/assessment standards)
Obama-student gain scores
Title II Funding - 🧠ANSWER ✔✔teacher and principal training and
recruiting fund
Title III Funding - 🧠ANSWER ✔✔helps eligible IHEs to become self-
sufficient and expand their capacity to serve low-income students by
providing funds to improve and strengthen the academic quality,
institutional management, and fiscal stability of eligible institutions.
Title IV Funding - 🧠ANSWER ✔✔safe and drug free school
IDEA - 🧠ANSWER ✔✔-It serves as both a civil rights statue and a grant
formula that funds a free and appropriate public education (FAPE) for
