The incremental or historical budget means:

the starting point is the prior year's budget

Increases or decreases to the revenue limit are determined by the District school board.

false - the state determines the revenue limit

The school year is 180 days

True, but it feels like 280 days

Categorical funds are

restricted funds for a specific purpose only

The Chief Business Officer of a district should have expertise in these areas:

business operations, collective bargaining, economics

School Improvement Programs (SIP) are

Planned & approved by stakeholders; used for aides, tech, PD

Most school districts are required to include a 10% "reserve" for "unforeseen expenses"

No, most schools required to hold between 1% - 5% in reserve

Why is income tax a progressive tax?

tax rate increases as the taxable amount increases.

What is encroachment?

When a school program needs additional funds, like SPED svcs

What's the difference between ADA and Enrollment?

ADA = average daily attendance & enrollment is # enrolled

Annual audits look for

standard procedures and accounting methods

A mega budget item increases the allocation for districts with few excused absences.

false, allows redirection of funds from one to another

What ways are transportation costs offset?

longer walks to school, staggered start times, fees charged

The Leroy Greene Lease/Purchase program...

has complex eligibility reqs and provides matching funds

How does collective bargaining impact the budget?

% of salary increase and the cost of benefits is huge

Identify the top trends and issues surrounding food services.

Nutrition, food courts, fresh fruits & veg

Capital outlays go to

Fixed assets like buildings, grounds, equipment

ASB funds can be problematic - why?

Accounting procedures = tricky, several people are involved

What's the best definition of a proportional tax?

Same % of tax is levied on all payers regardless of income.

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ELPS School Finance

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Questions 87

Answers

1
Program budgeting assists in determining the cost effectiveness of various programs.
True
False
2
The AB 1200 law
both answers
created better fiscal accountability - county level
checks for irregularities, low reserves
3
The incremental or historical budget means:
the starting point is using the district projections
none of the answers
the starting point is the prior year's budget
4
Increases or decreases to the revenue limit are determined by the District school board.
true
false - the state determines the revenue limit
5
Block Grants are
Apportioned by local districts
lump sum allocations of funds
none of the answers
6
The income tax is considered to be a regressive tax.
True
False
7
California spends less than other states on school administration.
True
False
8
The term "equity" means all students have an equal access to all school programs.
false
true
9
The percentage of English Learners in California's public schools is approximately
35%
25%
65%
10
The school year is 180 days
False, it is 280 days
True, but it feels like 280 days
11
Education is a public and private good
False
True
12
The SPED population in CA is?
about 10 - 12%
about 15- 18%
about 25 - 30%
13
The California Supreme Court ruled that schools may charge fees for extra-curricular activities
false
true
14
Categorical funds are
both answers
Specified by categories in the local school codes
restricted funds for a specific purpose only
15
The Chief Business Officer of a district should have expertise in these areas:
business operations, collective bargaining, economics
accounting, procurement, operations
none of the answers
16
School Improvement Programs (SIP) are
Planned & approved by stakeholders; used for aides, tech, PD
all of the answers
Mandated by the Fed Gov for intervention
17
Prop 13
1978 constitutional amendment limits property tax increases
Shifted funding of schools to state from local districts
all the answers
18
The budget year is July 1 - June 30
True
False
19
Most school districts spend at least what percentage of their budget for personnel costs:
85%
75%
65%
20
Interim Financial reports are submitted
October 31 & January 31
July 1 and December 1
none of the answers
21
Restricted items are earmarked by state or federal law for specific objectives.
false
true
22
Most school districts are required to include a 10% "reserve" for "unforeseen expenses"
No, most schools required to hold between 1% - 5% in reserve
none of the answers
Yes, 10% is sufficient
23
Annual external audits are required to determine
accounting methods
compliance of laws
financial condition
all of the answers
24
Major advantage of contracting out bus services is that it saves money on buying buses.
true
false
25
In CA, the % proportion of district funds that K-12 education receives from the State is about:
55%
40%
67%
26
Which of these taxes is considered to be the most regressive toward the general population?
Income tax
Sales tax
Property tax
27
The P.P.B.S. system budgeting is fairly simple to use and allows for school budget decisions.
true
false
28
Why is income tax a progressive tax?
tax rate increases as the taxable amount increases.
none of the answers
taxes are paid on progressive policies
29
What is encroachment?
both answers
When a school program needs additional funds, like SPED svcs
When a player moves beyond the line of scrimmage
30
The County Superintendent of Schools has no significant role in school district budgets.
true
false
31
What's the difference between ADA and Enrollment?
ADA = average daily attendance & enrollment is # enrolled
ADA = average daily attendance & enrollment is a district #
32
All school district revenues are placed into which account code?
8000
1000
10000
3000
33
In Budget Account codes, benefits are in the _____ series
5000
3000
8000
34
In the annual audit, there are several opinions. ID the one that does not belong.
No opinion
Negative qualified opinion
Qualified opinion
Positive unqualified opinion
35
Describe SPED costs to a school
All the answers
Cost 3x - 7x more to educate
Encroachment is about 20- 25%
36
In Budget Account codes, revenue is in the _____ series
8000
3000
1000
37
Period 2 of the budget year is
July 1 - April 15
December 1 - April 15
July 1 - June 30
38
Annual audits look for
none of the answers
consistent financial manager employment
standard procedures and accounting methods
39
Budgets are due Aug 15th, if not the County Superintendent is required to develop one.
true
false
40
A mega budget item increases the allocation for districts with few excused absences.
false, allows redirection of funds from one to another
true
41
What ways are transportation costs offset?
switch to expensive fuels, closing of schools, longer walks
none of the answers
longer walks to school, staggered start times, fees charged
42
The Leroy Greene Lease/Purchase program...
has complex eligibility reqs and provides matching funds
Offers schools interest-free loans for SPED students
none of the programs
43
How does collective bargaining impact the budget?
all of the answers
% of salary increase and union dues are huge
% of salary increase and the cost of benefits is huge
44
Identify the top trends and issues surrounding food services.
none of the answers
Nutrition, food courts, fresh fruits & veg
Reduced costs of svc, food choice, spoilage
45
In Budget Account codes, Services and operating Expenses are in the _____ series
5000
2000
8000
46
School district budget expenditures are shown in the object code series 1000-7000.
True
False
47
Capital outlays go to
Fixed assets like buildings, grounds, equipment
Depreciable items like desks, computer servers, and printers
none of the answers
48
ASB funds can be problematic - why?
Accounting procedures = tricky, several people are involved
Student fees are heavily subsidized, non payment issues
none of the answers
49
Districts can charge fees for regular bus transportation.
True, but rarely do so
False, FAPE!
50
What's the best definition of a proportional tax?
Same % of tax is levied on all payers regardless of income.
Ppl pay a suggest proportion of taxes on specialized items
none of the answers
51
Line item budgets are most commonly used by school districts for their general fund budget.
true
false
52
The Revenue Limit is
all the answers
distributed per pupil (ADA)
income from the state
53
Which is NOT a consumption tax?
income tax
Tobacco tax
Gas tax
Sales tax
54
The notion of local control of public schools is a relatively new idea.
False, local edu control has its roots in the 10th Amendment
True, parent choice and input is the hot trend
None of the answers
55
Maintenance refers to
District organized svcs like plumbing, painting, resurfacing
School based svcs like trash removal, mopping, sweeping
56
What was SB 1777 known for?
Eliminated Bilingual Ed
none of the answer
Class size reduction
57
Amount of state & local taxes a district may receive per pupil for general education fund is
the PPS funding
the revenue limit
none of the answers
58
Some of the factors to consider in the "weighted funding formula" are:
the socio-economic status of students
all of the answers
English Language learners
59
The Gann Spending Limit
Cap on expenditures for cities, counties, municipalities
The limit in which schools can spend on individual pupils
all of the answers
60
The property tax is an example of a regressive tax.
false - it's a progressive tax
true
61
Operations refers to
School based svcs like trash removal, mopping, sweeping
District organized svcs like plumbing, painting, resurfacing
62
Which type of fund is required for all school districts:
the annual fund
the general fund
the depeche fund
63
The General Fund
both answers
includes both restricted and unrestricted $
is the largest fund for schools
64
What is SB 1468 known for?
Bill on the revenue limit
Bill on Average Daily Attendance
65
What is Economic Impact Aid?
A block grant for Fed identified regions
none of the answers
CA fund for bilingual, transient, & low income students
66
There are about 1000 school districts in CA, most of them are secondary districts
True, lots of high schools in CA
False, most district are elementary
67
General Obligation (GO) Bonds are passed with what percentages?
State = 55%, District = 50%
State = 50%, District = 55%
none of the answers
68
What is an ad valorem tax?
none of the answers
A tax that varies based on the value of the item
A tax that varies based on the income of the tax payer
69
ASB Clubs must...
follow Brown Act guidelines, minutes, officers
have minutes, by-laws, officers, be self supporting
all the answers
70
What is Prop 227 know for?
Eliminating bilingual education
Authorizing the STAR test
none of the answers
71
The budget practice in most school districts is incremental or historical
true
false
72
Proposition 98
Created a constitutionally based minimum funding floor
none of the programs
Defunded bilingual programs
73
What is Prop 38 known for?
School vouchers, passed
School vouchers, not passed
74
What are MAJOR sources of information that determine how much money a district receives?
all of the answers
categorical funds
enrollment projections
ADA projections
75
Which is NOT a standard school budget fund?
Adult Ed funds
Cafeteria fund
Building funds
Social funds
76
Serrano v Priest
none of the answers
held CA system for funding illegal b/c of property taxes
Negated the Gann Spending limit laws as unconstituional
77
Local Control Funding Formula -LCFF gives more $ to districts w large #s of EL/foster care stus
True
False
78
Allocation of resources means providing the same $ for each student, regardless of need
false
True
79
The cost allocated for elementary students is the same for HS students on a per pupil basis.
true
false
80
Why is sales tax regressive?
Poorer ppl pay higher percentage of $ for goods
none of the answers
Regressive taxes are paid on less advanced services
81
What is the best definition for indigent parents?
none of the answers
Receive AFDC # have moved at least 3 times in the last year
Qualification for free lunch and receive AFDC
82
What is the function of Impact Aid?
Program designed to help indigent families
Program to help districts w high #'s of military families
none of the answers
83
The major portion of a school district's income is from:
the revenue limit
the Federal govenment
regressive taxes
84
User fees are a way in which school districts can increase its revenue.
false
true
85
What is a Certificate of Participation?
none of the answers
Long term financing for capital expenses
Fund for passing the annual audit
86
The amount of categorical aid received by school districts is quite similar.
false
true
87
CA requires a credential for the Chief Business Officer [CBO] of a school district.
False
True

ELPS School Finance Flashcards | StudBud