D023 School Financial Leadership 130 Correctly Answered Questions Latest Update

One key equity problem with school bonds is that they are closely tied to property wealth. {Ans: True}Charter schools are funded by public schools, through public dollars, like a public school. {Ans: False}IDEA {Ans: Categorical grant}Payment in lieu of taxes {Ans: Block grant}Local, state, and federal governments can all impact the reporting requirements of school districts. {Ans: true}This taxing system applies a specific mill rate to the individual, regardless of the income level. {Ans: A proportional tax is a system that applies a mill rate of tax irrelevant to the income level. While most would view this system as "fair," others would argue that it is not "equitable."}Textbooks- {Ans: Asset}This act was enacted as a portion of the War on Poverty. It provided funding to support the education of children of poverty with an intent of closing the achievement gap. Funding is provided through various title programs. {Ans: ESEA}State general aid, property tax revenue, fundraiser profit, grant funding, activity fees, buses, computer hardware, textbooks, playground equipment, or band instruments {Ans: asset}Salaries {Ans: liability}This act, also known as the Impact Act, provided federal assistance in lieu of property taxes to areas