Wgu - D023: School Financial Leadership Pre-Assessment 2023 Questions With All The Correct Answers

Sight-based budgeting model {Ans: involves a joint effort from teachers, community members, and school administrators.}Pre-award Grant Stage {Ans: searching for opportunities, paring needs with opportunities, retrieving and reviewing application process, completing applications, and submitting applications.}Bonding {Ans: The building of school buildings with bond money. Similar to a mortgage.}Expenditure {Ans: any allocation of funding or resources regardless of source of funding or expense type.}Capital Outlay {Ans: The money put forth to build a building}Race to the Top {Ans: a federal program that offered funding to schools in a competitive manner.}Unrestricted Funds {Ans: Can be spend for any expenditure category without consideration of category or source.}School Budget {Ans: Projection of the application of funds to allocations for programs, services, and supplies throughout the fiscal year.}Education Finance Incentive Grant {Ans: distributes federal funds based on a state's effort to provide financial support for education in comparison to its wealth}What is a liability in accounting {Ans: money owed to others (including employee salaries)}Which President is associated with: Elementary and Secondary Education Act of 1965 {Ans: Lyndon B. Johnson}Restricted Revenue {Ans: covers only specified expenses identified in the school improvement plan.}Regressive Tax