WGU D023 FINANCIAL LEADERSHIP
KNOWLEDGE TEST & MASTER SUMMARY
ACHIEVE EXCELLENCE 2026.
⩥ Categorical, Competitive, or Block grant?
ESEA. Answer: Categorical:
Funding received by a school via title funding through ESEA is a
categorical grant. The amount of funding is calculated on a per pupil
basis with identifying eligibility for those students.
⩥ Categorical, Competitive, or Block grant?
IDEA. Answer: Categorical
IDEA is a categorical grant program that supports the needs of
students with disabilities. Funding eligibility is based on the disability
category of the child and the number of children served in the school
for each category.
⩥ Categorical, Competitive, or Block grant?
Race to the Top. Answer: Competitive
Race to the Top was a federal program that offered funding to schools
in a competitive manner based on their efforts to increase rigor and
conformity to the priorities of the program.
⩥ Categorical, Competitive, or Block grant?
Payment in lieu of taxes. Answer: Block Grant
, Payment in lieu of taxes is a traditional block grant utilization where
funds are provided in more of a "general aid" manner. Use of these
funds is somewhat restricted, but the guidelines are much less
stringent than categorical grants. The most common "payment in lieu
of taxes" program today is federal funding to districts that have large
enrollments of children due to federalism of property. For example,
areas with large military installations would fall in this category.
⩥ grant lifecycles. Answer: 1. preaward stage
2. award stage
3.post-award stage
⩥ Other funding sources. Answer: -Lotteries
-Private Foundations
-School-business Partnerships
⩥ lotteries. Answer: a large-scale gambling game organized to raise
money for a public cause
⩥ Private Foundations. Answer: To provide tax benefits for donors,
most of these foundations have been established as nonprofit
corporations under Internal Revenue Service section 501(c). In so
doing, they are required to become separate entities with separate
boards and out of the jurisdiction of local boards of education. True to
their purpose, most of the foundations provide support to education
endeavors.
KNOWLEDGE TEST & MASTER SUMMARY
ACHIEVE EXCELLENCE 2026.
⩥ Categorical, Competitive, or Block grant?
ESEA. Answer: Categorical:
Funding received by a school via title funding through ESEA is a
categorical grant. The amount of funding is calculated on a per pupil
basis with identifying eligibility for those students.
⩥ Categorical, Competitive, or Block grant?
IDEA. Answer: Categorical
IDEA is a categorical grant program that supports the needs of
students with disabilities. Funding eligibility is based on the disability
category of the child and the number of children served in the school
for each category.
⩥ Categorical, Competitive, or Block grant?
Race to the Top. Answer: Competitive
Race to the Top was a federal program that offered funding to schools
in a competitive manner based on their efforts to increase rigor and
conformity to the priorities of the program.
⩥ Categorical, Competitive, or Block grant?
Payment in lieu of taxes. Answer: Block Grant
, Payment in lieu of taxes is a traditional block grant utilization where
funds are provided in more of a "general aid" manner. Use of these
funds is somewhat restricted, but the guidelines are much less
stringent than categorical grants. The most common "payment in lieu
of taxes" program today is federal funding to districts that have large
enrollments of children due to federalism of property. For example,
areas with large military installations would fall in this category.
⩥ grant lifecycles. Answer: 1. preaward stage
2. award stage
3.post-award stage
⩥ Other funding sources. Answer: -Lotteries
-Private Foundations
-School-business Partnerships
⩥ lotteries. Answer: a large-scale gambling game organized to raise
money for a public cause
⩥ Private Foundations. Answer: To provide tax benefits for donors,
most of these foundations have been established as nonprofit
corporations under Internal Revenue Service section 501(c). In so
doing, they are required to become separate entities with separate
boards and out of the jurisdiction of local boards of education. True to
their purpose, most of the foundations provide support to education
endeavors.
