FELE Subtest 3: Systems Leadership 2023 Solved 100% Correct

General Revenue Fund - ANSWER-An unrestricted state fund that is available for general appropriations. Special Funds - ANSWER- Capital Outlay - ANSWER-Expenditures for land or existing buildings, improvement of grounds, construction of buildings, additions to buildings and remodeling of buildings or equipment. Fiduciary Funds - ANSWER-Are used to account for the assets held by a government in a trustee or agency capacity for the benefit of others, whether individuals, private organizations, or other governmental units. These are not used to report assets held for the benefit of a government's own programs or activities. Who signs the checks? - ANSWER-Building Principal (checks can never be pre-signed) How many signatures? - ANSWER-Two (one from principal and one additional authorized signer) Who authorizes purchases in a school building? - ANSWER-The Principal What is the purpose for receipt books? - ANSWER-School district-approved, pre-numbered receipt forms shall be used to record and account for cash received. What is a trust fund? - ANSWER-Funds collected for a specific, restricted purpose only able to be expended for the purpose for which collected. What are Title I funds? - ANSWER-School has 40% of students who receive free or reduced lunch. The funding received is for the purpose of improving academic achievement in the areas of Math and Reading. What can be purchased with Title I funding? - ANSWER-Teachers (Math or Reading) Tutors (Math or Reading) Curriculum (Math or Reading) Software Programs (Math or Reading) Laptops that support digital programming (Math or Reading) What are Title II funds? - ANSWER-Professional development of teachers and administrators What are Title III funds? - ANSWER-Allocated for ESOL or ELL students FTE (full time equivalent) - ANSWER-One FTE equals one school year of instruction provided to a student What months are FTE surveys conducted? - ANSWER-October and February What items are needed in the event of an FTE audit? - ANSWER- What is the formula for calculating FTE? - ANSWER-Unweighted FTE x Program Cost Factor = Weighted FTE Students Unweighted FTE Students - ANSWER-the number of students (unweighted FTEs) enrolled in one or more of seven programs, which include basic education programs; exceptional student education (ESE) programs; programs for students with 9limited English proficiency; and career education programs. Program Cost Factors - ANSWER-These are weights assigned to students in different instructional programs (i.e. ESE, ESOL, Vocational) that address the additional costs associated with teaching these students. Program Cost Factors are constant across school districts. Weighted FTE Students - ANSWER-FTE students x program cost factors Base Student Allocation - ANSWER-A fixed amount determined each year by the legislature Can you transfer federal funding into an internal funding account? - ANSWER-No, federal funds are coming from a grant from the state. Paperwork must be submitted what funds are used for