Business and Finance – Flashcards

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