Business and Finance – Flashcards
Unlock all answers in this set
Unlock answersquestion
In California most of the funding comes from the State
answer
True
question
Most school districts in California are unified
answer
False
question
Increases or decreases to the revenue limit are determined by the district school board
answer
False
question
The property tax has historically been the major source of revenue for schools
answer
True
question
California runs near the bottom when compared with other states in terms of the amount of taxes collected from its citizens.
answer
False
question
Linking expenditures for public education to outcomes is often a public concern.
answer
True
question
Court decisions are requiring more and more states to equalize statewide funding for school districts.
answer
True
question
California spends less than other states on school administration
answer
True
question
The charter school movement has been successful in California
answer
True
question
Class size reduction has had a positive effect on districts capacity to provide adequate classroom space
answer
False
question
Education is regarded as both a public and private good
answer
True
question
The federal goverment has generally been involved in education by supplementing budgets for special needs and national priorities
answer
True
question
State courts have held that individuals do not have a right to an education
answer
False
question
California leads the nation in the amount of per-pupil expenditures it allocates for public education
answer
False
question
Over the last several years, California's student enrollment has been steadily increasing
answer
False
question
The State provides a base revenue limit for all of California's school districts. This base revenue limit can be increased by a vote of the citizens of a school district
answer
False
question
Of the four sources of revenue for a school district, the lottery provides the second greatest source of income
answer
False
question
The API and AYP are both accountability measures and have the same purpose; however, they originate from different levels of government.
answer
True
question
The following has NOT been a factor in creating enrollment growth in California.
answer
the length of the Caifornia school year.
question
The number of school districts in California is about
answer
1000
question
The average annual amount California spends per pupil is about....
answer
$8,000
question
The percentage of English Learners in California's public schools is approximately.....
answer
25%
question
Vouchers for students to attend private or parochial schools is......
answer
1. An indication that parents want more options 2. A political issue 3. A major issue in financial support for pubic education
question
The following tax is considered to be the most regressive toward the general population....
answer
the sales tax
question
Lottery money provides what percent of most school budgets?
answer
1-3%
question
What group of students (there are 4) present the greatest impact on school budgets?
answer
1. Special Education 2. English Learners 3. Poverty 4. Minority
question
The Gann Limit is a Constitutional Amendment passed as part of the "taxpayer revolt"
answer
True
question
A major purpose of SB813 (the Hughes-Hart Education Reform Act) of 1983 was to intiate reforms in special education funding
answer
False
question
Currently, school districts get most of the funding from the property tax
answer
False
question
Three of the highest priorities in the State education budget in recent years have been improving student acheivement, accountability, and teacher quality
answer
True
question
Categorical aide is allocated in addtion to the revenue limit
answer
True
question
About 40% of a school district's budget comes in the form of general revenue money
answer
False
question
The ADA plays an important role in determining the amount of revenue a school district receives as part of their revenue limit
answer
True
question
School boards have the legal authority to change the revenue limits based on the local district needs
answer
False
question
Special Education gets the largest share of federal categorical funds
answer
False
question
About 1 in 10 students in California require special educaiton services
answer
True
question
Court decisions have had very little impact on school financing
answer
False
question
With recent school bond measures passing, school facilities needs have been adequately addressed.
answer
False
question
California's school finance system is largely controlled by the Govenor and the State Board of Education
answer
False
question
The required number of school days for California's public schools is 180 days
answer
True
question
The largest amount of funds in Caifornia comes in the form of income taxes and sales taxes
answer
True
question
A mega budget item is a way of increasing the allocation ofr school districts wtih few excused absences
answer
False
question
SB 90 (1972) established limits on the amount of general revenue money a school district can receive per pupil.
answer
True
question
The class size reduction (CSR) in 1996 resulted in California's public school class size becoming one of the lowest in the Nation
answer
False
question
In 2000, California exceeded all other states in the number of students enrolled in public K-12 schools
answer
True
question
During the last two decades (1980-2000) the trend has been to increase the amount of general revenue funding for schools.
answer
True
question
The following is not a characteristic of the Serrano v. Priest court decision
answer
being reversed by the United States Supreme Court
question
Proposition 13 was considered a taxpayers revolt because...
answer
it shifted funding for schools from local property tax to the State
question
Categorical aide
answer
is for specific purposes and must supplement a district's budget
question
Lottery generates....
answer
funds to support public education
question
Vouchers are....
answer
Parent choice initiative twice defeated in 1993 and 2000
question
STAR Program
answer
requires California schools to use a single standardized test to access student achievement in grades 2-11 each year.
question
SB 813
answer
Hughes-Hart Educational Reform Act to rehabilitate public education.
question
budgeting is an ongoing process
answer
True
question
The Constitutional deadline in California for the State Legislature to adopt the State budget is June 15th.
answer
True
question
The purpose of a District Budget calendar is to guarentee fiscal solvency
answer
False
question
According to AB1200, a fiscal advisor may be assigned when a District' can't meet its financial obligations
answer
True
question
All districts must conduct a public hearing on the budget each year.
answer
True
question
All school districts in California must use the same approved budget categories and forms.
answer
True
question
Enrollment projections are one of the most important indicators of future income
answer
True
question
A school district's ADA is generally slightly higher than its student enrollment
answer
False
question
Categorical funds are earmarked for specific purposes
answer
True
question
A budget is...
answer
A spending plan to accomplish instructional objectives
question
In most school districts, the following percentage of the budget is for personnel salaries and benefits
answer
85%
question
The deadline for notifying certificated personnel of an intent to layoff is
answer
March 15
question
The major intent of AB1200 was to...
answer
impose greater fiscal accountability controls on school districts
question
Average size school districts in California are required to set aside the following amount in their duget for economical uncertainties...
answer
3%
question
What must a school district do on both of these dates - october 31 and January 31?
answer
Submit an interim financial report to the county.
question
What is NOT a danger signal that indicates a district may be in financial trouble?
answer
Enrollment growth
question
Lottery income is about what percent of a school district's general fund budget?
answer
1-3%
question
What is not used to estimate how much a district will need to plan for the following year's expenditures?
answer
The amount of lottery money available
question
What is a factor that is most significant in determing the per pupil cost of education?
answer
The student-teacher ratio (class-size)
question
The District Superintendent must be replaced when...
answer
The amount of the district's revenues are exceeeded by the district's financial obligations.
question
The major portion of a school district's income is from....
answer
the revenue limit
question
In california, the proposition of school district's funds that K-12 education receives from the State is about
answer
67%
question
The Chief Business Officer (CBO) of a school district should have expertise in which of the following four areas....
answer
1. Business operations, collective bargaining, accounting, economics.
question
The incremental or historical budget means....
answer
the starting point is the prior year's budget
question
One of the advantages of Zero Based Budgeting (ZBB) is...
answer
Annual evaluation of all programs.
question
The areas into which the school district's budget is organized is prescribed by:
answer
the California Department of Education
question
The specific amount of state and local taxes a school district may receive per pupil for its general education fund is....
answer
The revenue limit
question
Which type of fund is required for all school districts?
answer
General fund
question
All school district revenues are placed into which account?
answer
8000 series
question
The object code categories which comprse the largest expenditure in most school district budgets are:
answer
1000-3000 (salaries and benefits)
question
Most school districts spend at least what percentage of their budget for personnel costs?
answer
85%
question
What are the MAJOR sources of information that must be reviewed in order to determine how much money a district will receive (REVENUE) the following year?
answer
1. Enrollment projections 2. ADA projections 3. COLA 4. Categorical funds 5. the lottery
question
California requires a credential for the Chief Business Officer (CBO) of a school district
answer
False
question
The California School Accounting Manual contains the account codes school districts must use for revenues and expenditures
answer
True
question
Program budgeting assists in determining the cost effectiveness of various programs.
answer
True
question
The budget practice in most school districts is incremental or historical
answer
True
question
The major practice in most school districts is incremental or historical
answer
True
question
The major portion of a school district's budget is allocated to salaries and benefits.
answer
True
question
The P.P.B.S. system of program budgeting is fairly simple to use and allows for site based budget decisions
answer
False
question
The general fund includes both restricted and non-restricted expenditures
answer
True
question
The property tax is an example of a regressive tax.
answer
False
question
The purpose of the COLA is to help school districts keep up with inflation
answer
True
question
The amount of categorical aid received by school districts is quite similar
answer
False
question
User fees are a way in which school districts can increase its revenue
answer
True
question
If a school district does not submet a budget by September 15th, the County Superintendent is required t odevelop one and bill the district.
answer
True
question
School districts are not premitted to raise local funds through the lease of school property
answer
False
question
School districts may charge parents of special education students for transportation to and from school.
answer
False
question
Based on a recent California court decision, school districts may ask parents to pay for t heir children's textbooks and school supplies.
answer
False
question
Line time budgets are most commonly used by school districts for their general fund budget.
answer
True
question
The County Superintendent of Schools office has no significant role in relation to school district budgets
answer
False
question
School district budget expenditures are show in the object code series 1000-7000
answer
True
question
School districts should classify each expenditure by designing the appropriate codes on requisitions.
answer
True
question
Each line item in the General Fund must be marked "restricted" or "unrestricted"
answer
True
question
"Restricted" items are those where the monies are earmarked by state or federal law for specific objectives.
answer
True
question
School districts are not required to meet budget deadlines as long as they make sure their budgets are in balance.
answer
False
question
Most school districts are required to include a 10% "reserve" for "unforeseen expenses"
answer
False
question
A budget contains both revenues and expenditures
answer
True
question
The amount and type of categorical aid is evenly distributed among school districts.
answer
False
question
Categorical aid programs tend to require greater control than do general aid programs
answer
True
question
Funding for special education comes from both Federal and State sources. The federal funding is adequate and only requires a small amount of state and district funding.
answer
False
question
AB1200 was passed as a result of the bankruptcy of some school districts and was intended to impose greater fiscal control on the school districts.
answer
True
question
Budget decisions for school site budgets are clearly defined and consistent among various school sites and districts.
answer
False
question
One can gain a sense of a district's or a school's priorities by examining the budget.
answer
True
question
School Districts that have shown responsible financial accounting for a substantial number of years are not required to conduct an audit every year.
answer
False
question
Categorical funds may be distributed based upon enrollment, competitive grants or eligibility formulae.
answer
True
question
School district audits may be conducted by in-house financial advisors.
answer
False
question
The capital outlay fund includes office supplies and instructional materials.
answer
False
question
The general fund contains both restricted and unrestricted monies.
answer
True
question
School site budgets should contain expenditures codes that correlate with the Districts budget codes
answer
True
question
Keeping track of encumbrances is not as important in school site budgets as it is with the district budget.
answer
False
question
In most school districts, principals are responsible for the allocation and management of the school personnel budget
answer
False
question
The fee for the annual audit is paid by district funds and is usually based on the district's ADA
answer
True
question
Two of the highest funded categorical aid programs from the federal government include....
answer
1. ESEA Title 1 (NCLB) and 2. Child Nurtrition
question
Which is the largest and most active fund of a school district which contains such expenditures as salaries, benefits, textbooks and instructional supplies.
answer
General fund
question
What type of information does a financial audit NOT provide for school districts...
answer
impact of financial expenditures on educational programs
question
The ratio of general to special purpose aid to school districts during the past 15 years (1980 - mid 1990) has changed considerably. Categorical aid has.....
answer
increased steadily
question
The amount and type of categorical aid is evenly distributed among school districts.
answer
False
question
Funding provided by the State of California for Class Size Reduction (CSR) has generall been adequate to implement this program.
answer
False
question
With some exceptions, it is generally legal to charge students a fee for supplies in the academic program
answer
False
question
A primary project for student body organizations is fund-raising
answer
True
question
The student council sponsor has total accountability for the student body accounts.
answer
False
question
Sale of food items on a school campus must be authorized by the school board.
answer
True
question
The legal framework for student body organizations is found in the Ed. Code.
answer
True
question
Student body funds should be spent to benefit students are are currently enrolled in the school.
answer
True
question
Student organizations receive an allocation of revenue from the district to operate their programs.
answer
False
question
An annual external audit of student body funds is not required - only periodic internal audits.
answer
False
question
There is conclusive research that the class size reduction of 20:1 has had a positive impact on improving student achievement.
answer
False
question
A major impediment to implementing CSR has been the need to find enough facilities and teachers.
answer
True
question
The California Department of Education (CDE) has very little role in directing the procedures for proper accounting of student body funds.
answer
False
question
Encroachment is not a problem for school districts.
answer
False
question
The California Supreme Court has ruled that it is legal for school districts to charge paretns for student transportation to and from school, unless parents or guardians are "indigent"
answer
True
question
One of the advantages of contracting out student transportation services is that it saves money on bus drivers
answer
True
question
The California Supreme Court recently rules that schools may charge fees for extra-curricular activities.
answer
False
question
One major advantage of contracting out bus transportation services is tht it saves money on capital expenditures for buses
answer
True
question
Student body funds may be used in an emergency to purchase district adopted textbooks.
answer
False
question
A school district may charge a fee to transport participating students to an athletic event.
answer
False
question
Who has the legal responsibility to establish regulations and procedures for student body organizations and student body funds?
answer
School boards
question
Who must approve all fund raisers?
answer
The principal and the student council
question
Food items on an elementary school campus...
answer
may be sold after the noon meal hs been served.
question
In California, what organization governs funds raising procedures connected with athletic events?
answer
The California Interscholstic Federation (CIF)
question
The following are legitimate fund raisers for student body organizations
answer
Raising funds for special academic awards for outstanding students
question
Name a legal fee a district may charge students...
answer
for a damaged or lost textbook
question
Special education "encroachment" on the general education budget in school districts is usually....
answer
20% - 25%
question
One of the positives of the Class Size Reduction legislation include...
answer
positive teacher attitudes
question
PL 94-142 and the I.D.E.A are specifically for
answer
students with disabilities
question
The school district policies on maintenance and operations (M and O)
answer
should include the philosophy regarding the contracting out of services
question
In controlling personnel costs in the maintenance and operations department, the following is NOT an important consideration
answer
The hours of the director of maintenance
question
A work order system
answer
helps track labor hours and material costs spent on repair jobs
question
Trends in food service include
answer
customer satisfaction
question
The following is NOT a fairly sure way to better the financial status of the cafeteria fund balances and help make the food service program self-supporting
answer
contract food services out to private companies
question
The function of the maintenance department staff is to be sure classroom and facilities are clean
answer
False
question
The National School Lunch Act of 1946 was of historical significance, but is no longer relevant today.
answer
False
question
California has provided no incentives for districts to participate in the school breakfast program.
answer
False
question
Operations refers to a school district's housekeeping routines to keep school plants functional.
answer
True
question
School districts that have a master plan for equipment replacement will help keep emergency repairs to a minimum
answer
True
question
One important function of the Maintenance Department of a school district is the repair and replacement of facilities and equipment
answer
True
question
Contracting out for food services has been shown to be superior both in food quality and financial success
answer
False
question
The federal government subsidizes only free meals
answer
False
question
Two major expenses for the food services program are administration and equipement.
answer
False
question
Two major expenses for the food services program are administration and equipment
answer
False
question
One of the major financial goals of food services is to make the program self-supporting.
answer
True
question
The physical appearance of a school does not affect the parents' view of the quality of the educational program
answer
False
question
What are 3 ways to increase revenues for the food services program
answer
1. customer service increase 2. food choice for staff food carts 3. salad bars
question
President Harry Truman started the national school breakfast and lunch program after World War II
answer
False
question
Research shows that there is little correlation between the cleanliness of the school and educational outcomes.
answer
False
question
Replacing lawns is part of the operational function of a school
answer
False
question
The child nutrition program is administered by
answer
US Dept. of Agriculture, CA Dept of Education, Local school districts
question
School lunches must provide what % of RDA?
answer
33%
question
An advantage of using the Parcel Tax for school construction, smaller classes, technology, etc, is that it only requires a 55% voter approval
answer
False
question
Over 50% of California's school buildings were built more than 25 years ago.
answer
True
question
The State of California gives higher priority for receiving construction funds to school districts that operate on a year-round schedule.
answer
True