1 | Page
WGU D023 Terms and Definitions Questions
and Correct Answers
5 Stakeholders Who Should Be at Your District's or School's
Fundraising Table Ans: District and School Leadership, teachers,
PTO and/or Educational Foundation, IT team,Other PLTW
Advocates (parents, business leaders, clubs)
Accrual Accounting Ans: 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 Ans: Any fee associated with noncurricular
activities.
© 2025 All rights reserved
, 2 | Page
Agency Funds Ans: Fudiciary Funds/related to school activities
and not owned or controlled by district.
Asset Ans: 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 Ans: Notification of award status and
implementation of the initiative or program as described in the
grant application.
Balance Sheet Ans: 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 Ans: The building of school buildings with bond money.
Similar to a mortgage.
© 2025 All rights reserved
, 3 | Page
Capital Ans: This funding line item within a budget represents
longer term items such as construction projects, renovations, and
improvements of a large scale.
Capital Outlay Ans: The money put forth to build a building
Capital Projects Funds Ans: Governmental Funds/Account for
resources held for acquisition or construction of capital facilities.
Cash Flow Ans: the total amount of money being transferred into
and out of a business.
Categorical Grants Ans: typically awarded by the state or federal
government but are restricted in their use to specific expenditures.
Charter School Ans: 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 Ans: is awarded on an application basis and
is typically a supplementation portion of a budget.
© 2025 All rights reserved
WGU D023 Terms and Definitions Questions
and Correct Answers
5 Stakeholders Who Should Be at Your District's or School's
Fundraising Table Ans: District and School Leadership, teachers,
PTO and/or Educational Foundation, IT team,Other PLTW
Advocates (parents, business leaders, clubs)
Accrual Accounting Ans: 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 Ans: Any fee associated with noncurricular
activities.
© 2025 All rights reserved
, 2 | Page
Agency Funds Ans: Fudiciary Funds/related to school activities
and not owned or controlled by district.
Asset Ans: 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 Ans: Notification of award status and
implementation of the initiative or program as described in the
grant application.
Balance Sheet Ans: 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 Ans: The building of school buildings with bond money.
Similar to a mortgage.
© 2025 All rights reserved
, 3 | Page
Capital Ans: This funding line item within a budget represents
longer term items such as construction projects, renovations, and
improvements of a large scale.
Capital Outlay Ans: The money put forth to build a building
Capital Projects Funds Ans: Governmental Funds/Account for
resources held for acquisition or construction of capital facilities.
Cash Flow Ans: the total amount of money being transferred into
and out of a business.
Categorical Grants Ans: typically awarded by the state or federal
government but are restricted in their use to specific expenditures.
Charter School Ans: 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 Ans: is awarded on an application basis and
is typically a supplementation portion of a budget.
© 2025 All rights reserved
