Wgu D023 School Financial Leadership Study Guide Graded A+

How are capital funds used? {Ans: for infrastructure}Early Colonial Schooling {Ans: Funded through tuition or rate changes, primarily as a funding of the local community or church of that community.}What type of budget? Revenue and expenditures are mutually exclusive. This budgeting practice is based on fluctuations by category from the previous year to the new year's projection. It is the most simplistic form of budgeting but cannot be modified easily once crafted. {Ans: Line-item Line-item budgeting is the most common budget model used in schools and districts. It is grounded in a review of the previous year's budget and budget trends—including expenditures and revenues. Then a new year budget is projected and allocated based on this analysis.}Municipal Overburden {Ans: severe financial crunch caused by population density and a high proportion of disadvantaged and low-income groups}Straight Term Bonds {Ans: -debt certificates that require money to be saved until the end of the bonding period, when it is paid (with interest) to retire the certificates -little value to a school district}What is the evolution of federal interest in education? {Ans: In the past, the federal government's function was to conduct research, disseminate information, and provide advisory