Finance Flashcards

0
Q

The district superintendent must be replaced when

A

The amount of the districts revenues or exceeded by the district financial obligation

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1
Q

In most school districts the following percentage of the budget is for personal salaries and benefits

A

85%

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2
Q

The purpose of the district budget calendar is to guarantee fiscal solvency true or false

A

False

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3
Q

The major intent of a AB 1200

A

Impose greater fiscal accountability controls on school districts

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4
Q

Budget

A

A spending plan to accomplish instructional objectives

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5
Q

The constitutional deadline in California for the state legislative to adopt the state budget

A

June 15

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6
Q

What is NOT used to estimate how much a district will need to plan for the following years expenditures

A

The amount of lottery money available

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7
Q

All districts must conduct a public hearing on the budget each year true or false

A

True

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8
Q

Categorical funds are earmarked for specific funds true a false

A

True

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9
Q

Danger signals a district may be in financial trouble

A

Number one in adequate beginning and ending budget balances,turnover in administration, collective-bargaining with ties to revenues or expenditures

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10
Q

Who or what is the only thing that can change the revenue limit

A

State legislature

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11
Q

The largest share of federal funds comes from what funding and what is it also known as

A

Title I/no child left behind

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12
Q

The ADA plays an important role in determining the mound of revenue a school district receives as part of the revenue limit true or false

A

True

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13
Q

SB90 established limits on the amount of general revenue money a school districtcan receive per-pupil true or false

A

True true

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14
Q

The required number of school days

A

180

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15
Q

Prop 98

A

Established a minimum base funding for K – 14 to almost 40% of the state budget
It could not be changed by local school boards
It could be suspended by the state legislature and govenor in times of fiscal emergency

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16
Q

With the recent school bond measure’s passing, school facilities needs have been adequately addressed true or false

A

False

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17
Q

The gann limit is a constitutional amendment passed has a part of the
“—–”

A

Taxpayer revolt

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18
Q

Prop 13 was considered A tax payers revolt because

A

It shifted funding for schools from local property taxes to the state

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19
Q

Lottery

A

Generates funds to support public Ed

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20
Q

Vouchers

A

Parent choice initiative twice defeated in 93 and 2000

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21
Q

A mega budget item

A

A relatively new approach to the block Grant approach given certain funds to school districts it is not a good way of increasing the allocation for school districts with you excused absences

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22
Q

What is categorical aid for?

A

Specific educational objectives and is to supplement funds

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23
Q

Where does the largest amount of funds in California come from?

A

Income taxes and sales taxes

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24
Q

Into thousand California exceeded all of the states in the number of students in rolled in public K-12 schools true or false

A

True

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25
Q

During the last two decades 1980 to 2000 the trend has been to increase the amount of general revenue funding for schools true or false

A

True

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26
Q

what percentage of school districts budget comes from Gen. revenue money

A

65%

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27
Q

Serrano versus priest

A

Using property taxes to fund public schools was unconstitutional.

Per-pupil expenditures had to be equalized

Property taxes made per pupil expenditures unequal

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28
Q

The class-size reduction (CSR) in 1996 resulted in California’s public school class size becoming one of the lowest in the nation true or false

A

False

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29
Q

School districts get most of their funding from where?

A

The states general fund

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30
Q

What is categorical aid

A

It is for specific purposes and my supplement a district budget

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31
Q

Court decisions have had very little impact on school financing true or false

A

False example Serrano versus priest

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32
Q

One in 10 students in California require special Ed services t or false

A

True

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33
Q

California school finance system is largely controlled by what?

A

The govenor and state legislature

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34
Q

Three of the highest priorities in the state education budget in recent years has been improving student treatment accountability and teacher quality two or false

A

True

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35
Q

Linking expenditures for public education to outcomes is often a public concern t or false

A

True

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36
Q

State courts have held that individuals don’t have a right to an education true or false

A

False

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37
Q

What for groups of students represent the greatest impact on school budget

A

LEP, minority, special needs and low socioeconomic

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38
Q

Education is regarded as both a public and private good true or false

A

True

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39
Q

Increases or decreases to the revenue limit are determined by The District school Board true or false

A

False

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40
Q

Over the last several years California student enrollment has been steadily increasing

A

True

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41
Q

Of the four sources of revenue for school districts in the lottery provides the second greatest source of income
T or f

A

False

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42
Q

The state provides a beast revenue limit for all of California school district. This base revenue limit can be increased by a vote of the citizens of a school district

A

False

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43
Q

Lottery money provides what percentage of most schools budget

A

1-3%

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44
Q

The percentage of English learners in California public schools

A

25%

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45
Q

Greatest challenges to fix the problems with California state budget

A

2/3 required of State legislator to increase taxes

The passage of the ballot measures to earmark revenue in state budget

The enactment of term limits for the legislature that deprives the legislature Branch Of institutional memory

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46
Q

California spends less than other states on school administration

A

True – because there is a penalty imposed on school districts if they exceed the state formula for admin costs

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47
Q

The number of school districts in California

A

1000

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48
Q

The federal government has generally been involved in education by supplementing budgets for special needs and national priorities

A

True

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49
Q

The property tax has historically been the major source of revenue for schools

A

True

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50
Q

The charter school movement has been successful in California

A

True

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51
Q

California leads the nation in the amount of her people expenditures it allocate for public education

A

False

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52
Q

Most school districts in California are unified K-12

A

True

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53
Q

The API ( Academic performance index) and the AYP ( adequate yearly progress) are both accountability measures and have the same purpose, however they originate from different levels of the government

A

True

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54
Q

California ranks near the bottom when compared with other states in terms of the amount of taxes collected from its citizens

A

False

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55
Q

What causes enrollment growth in California

A

High birthrates, immigrants entering the state, migration from other states

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56
Q

In California most of the funding for K-12 comes from the state

A

True

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57
Q

Which of these taxes is considered to be the most regressive toward the general population

A

The sales tax – the percentage on any taxable good is the same for the rich or poor

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58
Q

Court decisions are requiring more and more states to equalize statewide funding for school districts

A

True

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59
Q

Vouchers for students to attend private or parochial school is…

A
  • an indication parents want more options
  • A political issue
  • a major issue in financial support for public Ed
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60
Q

Class-size reduction has had positive effects on districts capacity to provide adequate classroom space

A

False

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61
Q

According to AB 1200 a fiscal advisor maybe assigned when he district can’t meet its financial obligation

A

True

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62
Q

A school districtS ADA is generally slightly higher than its student enrollment

A

False

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63
Q

Enrollment projections are one of the most important indicators of future income

A

True

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64
Q

What factor is the most significant in determining the per people cost of education

A

student-teacher ratio

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65
Q

Average size school districts in California are required to set aside this amount for economic uncertainties

A

3%

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66
Q

What must a school district do on oct 31 and jan 31

A

Submit an interim financial report to the county

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67
Q

User fees

A

Help provide additional funds to school districts

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68
Q

The purpose of COLA

A

Help school districts keep up w inflation

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69
Q

School districts are not required to meet budget deadlines as long as they make sure their budgets are in balance true or false

A

False

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70
Q

Most school districts the most school districts’s are required to include a 10% reserve for unforeseen expenses true or false

A

False it’s 3%

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71
Q

If the school district does not submit a budget by sept 15th the county superintendent is required to develop one and Bill the district

A

False recent legislation has given more oversight power to the county office of education

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72
Q

The budget practice in most school districts is incremental or historical

A

True

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73
Q

Based on recent California court decision school districts me ask parents to pay for their children’s text books and school supplies

A

False

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74
Q

What are line item budgets?

A

The most commonly used method of keeping track of expenditures

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75
Q

All school district revenues are placed into which account

A

8000 series

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76
Q

A budget contains both revenues and expenditures

A

True

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77
Q

The major portion of a school districts income is from

A

The revenue limit

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78
Q

The chief business officer (CBO) of a school district should have expertise in which four areas

A

Business operations, collective bargaining, accounting and economics

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79
Q

The general fund includes both restricted and non restricted expenditures

A

True

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80
Q

The amount of categorical aid received by school districts is quite similar

A

False

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81
Q

The areas into which the school districts budget is organized is prescribed by

A

CDE- ca dept of Ed

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82
Q

Revenue limit I one is what 3 things

A

Makes up most of the districts general fund
Is mostly unrestricted
Is the amount of money a district may receive for general purposes

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83
Q

The PPBS System of program budgeting is fairly simple to use and allows for site-based budget decisions

A

False

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84
Q

The California school accounting manual contains the account codes school district must use for revenues and expenditures

A

True

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85
Q

In California the proportion of school district funds that K-12 education receives from the state is about what percent

A

67%

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86
Q

The property tax is an example of a regressive tax

A

False

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87
Q

The object code categories which compromise the largest expenditures and mow school district budgets are

A

1000-3000 series ( salaries and benefits)

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88
Q

Each line item in the general fund must be marked restricted or unrestricted

A

True

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89
Q

School district should classify each expenditure by designating the appropriate codes on your requisitions

A

True

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90
Q

Most school districts spend at least what percentage of their budget for personal costs

A

85%

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91
Q

What are the major sources of information that must be reviewed in order to determine how much money (revenue) the district will receive the following year

A

The enrollment projections, ADA projections, categorical funds and the lottery

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92
Q

The revenue limit

A

The specific amount of state and local taxes the school district may receive per people for its general education fund

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93
Q

The County superintendent of schools office has no significant role in relation to school district budgets

A

False

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94
Q

How does collective-bargaining between the school district in its employee organizations impact the budget?

A

A few our salaries, employee benefits and class-size. The percentage of salary increase in the cost of fringe benefits has a tremendous impact

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95
Q

Which type of fund is required for all school districts

A

The general fund

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96
Q

The incremental or historical budget means

A

The starting point is the prior years budget

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97
Q

School district budget expenditures are shown in the object code series 1000–7000

A

True

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98
Q

School districts are not permitted to raise local funds through the lease of school property

A

False

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99
Q

One of the advantages of zero-based budget (ZBB) is

A

Annual eval of all programs

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100
Q

Program budgeting

A

Looks at each program and its effectiveness

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101
Q

The major portion of school districts budget is allocated to salaries and benefits

A

True

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102
Q

Restricted items are those were the monies are here marked by state or federal law for specific objectives

A

True

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103
Q

School districts that have shown responsible financial accounting for a substantial number of years are not required to conduct an audit every year

A

F

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104
Q

The general fund contains both restricted and unrestricted monies

A

T

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105
Q

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

A

F

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106
Q

Which is the largest and most Active fund of a school district which contains such expenditures as salaries, benefits, textbooks and instructional supplies

A

The general fund

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107
Q

Two of the highest is funded categorical aid programs from the federal government include

A

ESEA title 1 ( NCLB) and child nutrition.

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108
Q

School district audits may be conducted by in-house financial advisors

A

F

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109
Q

The amount and type of categorical aid is evenly distributed among school districts

A

F

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110
Q

What does a financial audit provide for school districts

A

A financial condition of the district, accounting method used by staff and compliance with laws and regulations

111
Q

Budget decisions for school site budgets are clearly defined and consistent among various school sites and districts

A

False

112
Q

In most districts principles are responsible for the allocation and management of the school personnel budget

A

F

113
Q

Categorical funds may be distributed based on enrollment, competitive grants or eligibility formula

A

LR

114
Q

One can gain a sense of the districts or schools priorities by examining the budget

A

T

115
Q

Categorical aid programs tend to require greater control then do general aid programs

A

T

116
Q

The ratio of general to special-purpose aid to school districts during the past 15 years has changed considerably. Categorical aid has…

A

Increased steadily

117
Q

Keeping track of encumbrances is not as important in school site budgets as it is with the district budget

A

F

118
Q

The capital outlay fund includes office supplies and instructional materials

A

False

119
Q

The fee for the annual audit is paid by district funds and is usually based on the districts ADA

A

True

120
Q

AB1200 was passed as a result of the bankruptcy of some school districts and was intended to impose greater fiscal control on school districts

A

True

121
Q

Categorical aid does what 3 things

A

Helps school districts accomplish specific educational objectives, highlights special programs and addresses kids w special needs

122
Q

School site budgets should contain expenditure codes that correlate with the district budget codes

A

True

123
Q

One of the advantages of contracting out student transportation services is that it saves money on bus drivers

A

True but the greater cost is the capital outlay for Buses

124
Q

One of the positives of the class-size reduction legislation include

A

Positive teacher attitudes

125
Q

Special education encroachment on the general education budget in school districts is usually what percentage

A

20-25%

126
Q

Sale of food items on a campus must be authorized by the schoolboard

A

True

127
Q

What must student body organizations do to make sure they are properly and legally functioning

A

Have a constitution stating the purpose of the organization, keep minutes of all meetings, establish policies and procedures for elections of officers, fundraisers and expenditure approvals

128
Q

A major impediment to implementing CSR has been the need to find enough facilities and teachers

A

True

129
Q

PL94-142 and the IDEA are specifically for

A

students w. Disabilities

130
Q

An annual external audit of student body funds is not required- only periodic internal audits

A

F

131
Q

With some exceptions it is generally legal to charge students a fee for supplies in the academic program

A

False

132
Q

There is conclusive research that the class-size reduction of the 20:1 has had a positive impact on improving student achievement

A

False

133
Q

The student council sponsor has total accountability for the student body accounts

A

False

134
Q

What is a legal fee a district may charge students

A

For a damaged or lost text book

135
Q

The ca Supreme Court recently ruled that schools may charge fees for extra curricular activities

A

False

136
Q

How are student body organizations valuable to school

A

Provides training for students in leadership, provides valuable source of information and guidance on issues, help set a tone, assist in the education program for all, help with serious matters like drugs and alcohol, strengthen school morale and pride

137
Q

Student body funds may be used in an emergency to purchase district adopted textbooks

A

False

138
Q

Student body funds should be spent to benefit students who are currently enrolled in the school

A

True

139
Q

One major advantage of contracting out bus transportation services is that it saves money on capital expenditures for Buses

A

True

140
Q

Who must approve all fundraisers?

A

The principal and the student council

141
Q

Food items on an elementary school campus

A

Maybe sold after the noon meal has been served

142
Q

A school district they charge a fee to transport participating students to an athletic event

A

False

143
Q

A primary project for student body organizations is fundraising

A

True

144
Q

Funding provided by the state of California for class size reduction has generally been adequate to implement this program

A

False

145
Q

Student organizations receive an allocation of revenue from the district to operate their programs

A

False

146
Q

The California Supreme Court has ruled that it is legal for school districts to charge parents for student transportation to and from school unless parents or guardians are “indigent “

A

True

147
Q

Encroachment is not a problem for school districts

A

False

148
Q

The legal framework for student body organizations is found in the ed code

A

True

149
Q

Who has the legal responsibility to establish regulations and procedures for student body organizations and student body funds?

A

School boards

150
Q

The following are legitimate fundraisers for student body organizations

A

Raising funds for special academic awards for outstanding

151
Q

The California Department of Education has very little role in directing the procedures for proper accounting of student body funds

A

False

152
Q

What are three ways to increase revenue for the food services program?

A

Monitor personnel costs, supplies and equipment inventory, food carts and specialty centers

153
Q

Research shows that there is little correlation between the cleanliness of the school and educational outcomes

A

False

154
Q

The child nutrition program is administered by

A

U.S. Dept of agriculture, the ca dept of Ed and local school districts

155
Q

The school district policies on maintenance and operations

A

Should include the philosophy regarding the contracting out of services

156
Q

Food service monies are placed in a special, restricted fund

A

True

157
Q

School districts have a master plan for equipment replacement will help keep emergency repairs to a min

A

False- equipment lasts for about 5 years due to wear and tear. There needs to be a plan to replace obsolete and equip that can’t be repaired

158
Q

One of the major financial goals of food services is to make the program self supporting

A

True

159
Q

President Harry Truman started the school lunch program after world war 2
But breakfast was added in 1966

A

True

160
Q

One important function of the maintenance dept of a school district is the repair and replacement of fascilities and equips

A

True

161
Q

Ca has provided no incentives for districts to participate in the school bfast program

A

False

162
Q

Trends in food service include

A

Decentralization- customer satisfaction plays a big part in the success of the food service program

163
Q

In Controlling personnel costs in the maintenance and operations dept what are important considerations?

A

Encumber costs in the beginning of the year, overtime and extra duty hours and substitutes

164
Q

The federal govt subsidizes only free meals

A

False

165
Q

A work order system

A

Helps track labor hours and material costs spent on repair jobs

166
Q

What are three ways to increase revenue for the food services program?

A

Monitor personnel costs, supplies and equipment inventory, food carts and specialty centers

167
Q

Research shows that there is little correlation between the cleanliness of the school and educational outcomes

A

False

168
Q

The child nutrition program is administered by

A

U.S. Dept of agriculture, the ca dept of Ed and local school districts

169
Q

The school district policies on maintenance and operations

A

Should include the philosophy regarding the contracting out of services

170
Q

Food service monies are placed in a special, restricted fund

A

True

171
Q

School districts have a master plan for equipment replacement will help keep emergency repairs to a min

A

False- equipment lasts for about 5 years due to wear and tear. There needs to be a plan to replace obsolete and equip that can’t be repaired

172
Q

One of the major financial goals of food services is to make the program self supporting

A

True

173
Q

President Harry Truman started the school lunch program after world war 2
But breakfast was added in 1966

A

True

174
Q

One important function of the maintenance dept of a school district is the repair and replacement of fascilities and equips

A

True

175
Q

Ca has provided no incentives for districts to participate in the school bfast program

A

False

176
Q

Trends in food service include

A

Decentralization- customer satisfaction plays a big part in the success of the food service program

177
Q

In Controlling personnel costs in the maintenance and operations dept what are important considerations?

A

Encumber costs in the beginning of the year, overtime and extra duty hours and substitutes

178
Q

The federal govt subsidizes only free meals

A

False

179
Q

A work order system

A

Helps track labor hours and material costs spent on repair jobs

180
Q

What are three ways to increase revenue for the food services program?

A

Monitor personnel costs, supplies and equipment inventory, food carts and specialty centers

181
Q

Research shows that there is little correlation between the cleanliness of the school and educational outcomes

A

False

182
Q

The child nutrition program is administered by

A

U.S. Dept of agriculture, the ca dept of Ed and local school districts

183
Q

The school district policies on maintenance and operations

A

Should include the philosophy regarding the contracting out of services

184
Q

Food service monies are placed in a special, restricted fund

A

True

185
Q

School districts have a master plan for equipment replacement will help keep emergency repairs to a min

A

False- equipment lasts for about 5 years due to wear and tear. There needs to be a plan to replace obsolete and equip that can’t be repaired

186
Q

One of the major financial goals of food services is to make the program self supporting

A

True

187
Q

President Harry Truman started the school lunch program after world war 2
But breakfast was added in 1966

A

True

188
Q

One important function of the maintenance dept of a school district is the repair and replacement of fascilities and equips

A

True

189
Q

Ca has provided no incentives for districts to participate in the school bfast program

A

False

190
Q

Trends in food service include

A

Decentralization- customer satisfaction plays a big part in the success of the food service program

191
Q

In Controlling personnel costs in the maintenance and operations dept what are important considerations?

A

Encumber costs in the beginning of the year, overtime and extra duty hours and substitutes

192
Q

The federal govt subsidizes only free meals

A

False

193
Q

A work order system

A

Helps track labor hours and material costs spent on repair jobs

194
Q

Replacing lawns is part of the operational function of the school

A

False

195
Q

Operations refers to a school district housekeeping routines to keep school plans functional

A

False

196
Q

Contracting out for food services has been shown to be superior both in terms of food quality and financial success

A

False- still to early to tell

197
Q

Two major expenses for the food services program are administration and equipment

A

False

198
Q

The national school lunch act of 1946 was of historical significance but it no longer relevant today

A

False

199
Q

School lunches much provide what % of RDA

A

33%

200
Q

What are ways to better the financial status of the cafeteria fund and balances and help make the food service program self supporting

A

Adopt a client centered approach to serving meals, contract food services out to private companies and calculate the meals served per labor hour

201
Q

The function of the operations department staff is to be sure classroom and facilities are clean

A

True

202
Q

The advantages of COP ( certificate of participation) loan is that it can easily be paid back by the district

A

False

203
Q

Currently what is the major way of financing school construction in Ca

A

General obligation bonds

204
Q

Under special circumstances lottery money can be spent for school construction

A

False

205
Q

In November, 2000, voters approved prop 39 which required a 55% approvals for local school districts to pass general obligation bonds

A

True

206
Q

Over 50% of CAs school buildings were built over 25 years ago

A

True

207
Q

The advantage of using the parcel tax for school construction, smaller classes and technology etc is it only requires a 55% voter approval

A

False a parcel tax requires a 2/3 vote

208
Q

Deferred maintenance funds require a 2/3 voter approval for use by a school district

A

False

209
Q

In General the state bond issues have been adequate in the past to fund school construction

A

False

210
Q

Court decisions related to school construction have generally been unfavorable to school districts

A

False

211
Q

State funds required 2/3 voter approval

A

False

212
Q

One of frequently used methods for local school districts to finance facilities construction and remodeling is

A

Sale of general obligation bonds

213
Q

District who are approved to get construction funds from the states Leroy Green lease/purchase program must

A

Meet eligibility requirements, provide matching local funds, go through a complex process

214
Q

One disadvantage for using portable classrooms is that they are more expensive to heat in the winter and cool in the summer

A

True

215
Q

The amount of money collected from developer fees is inadequate to build new schools

A

True

216
Q

The state of California gives higher priority for receiving construction funds to school district that operate on a year-round schedule

A

True

217
Q

Building new prisons competes with building public schools for dollars

A

True

218
Q

The Mello-Roos law is used most often when there is vacant land in the school district

A

True

219
Q

before proposition 13 how did school district fund their school construction

A

Through local property taxes

220
Q

California’s facilities problems were caused primarily by the recent class-size reduction (CSR)

A

False

221
Q

The primary effect of proposition 13 on financing school construction has been

A

A shift of local control to the state

222
Q

The gann spending limit

A

Amendment passed in 1979 limiting the amount of money in tax dollars that the state, cities, counties, school districts may set aside

223
Q

What are signals that may lead to fiscal insolvency

A

A small beginning and ending balance, unrealistic collective bargaining contracts. Lack of experience of key personnel

224
Q

Which factor is the most significant factor in deterring the per pupil cost of education?

A

Student:teacher ratio ( class size)

225
Q

Unencumbered balance

A

The portion of an appropriation or allotment not yet expanded or obligated

226
Q

All school districts in Ca must conduct a public hearing on the budget each year

A

True

227
Q

The chief financial/business officer of the school district is required to have a credential

A

False

228
Q

Education is regarded as a public but not a private good

A

False

229
Q

In California the proportion of school monies for K-12 education which comes from the state is about what percent

A

60-80%

230
Q

The value of land, homes, businesses set by the county assessor for property tax services

A

Assessed valuation

231
Q

AB1200

A

A bill passed in California in 1992 to impose major physical accountability controls on school districts

232
Q

Encumbrances

A

Monies that have been obligated to be paid In the form or purchase orders, contracts, salary commitments etc

233
Q

Block grant

A

A lump sum allocation of funds in which two or more special purpose funds are lumped together

234
Q

Expenditures

A

The cost of goods delivered and services rendered

235
Q

Capital outlay

A

Amounts paid for the acquisition of or additions to fixed assets such as buildings grounds and equipment

236
Q

Funds from the state or federal government granted to qualifying school districts in addition to the revenue limit for students with special needs or special-purpose programs

A

Categorical funds/Aid

237
Q

Prop 98 established a constitutionally based minimum funding floor for K-14 education

A

True

238
Q

Ca receives the largest amount of funds from the sales tax and income tax

A

True

239
Q

What is the purpose of COLA

A

To help school districts keep up w inflation

240
Q

Equalization

A

Funds allocated by legislature the legislature to raise school districts with lower revenue limits toward the state average

241
Q

The revenue limit

A

The specific amount of state and local property taxes the school district may receive per pupil for its general education program

242
Q

Line item budgets are the most commonly used by the school districts for their general fund budget

A

True

243
Q

A school districts ADA is usually slightly greater thank it’s student enrollment

A

False

244
Q

The period for the purposes of budgeting in Ca from July1- June 30

A

Fiscal year

245
Q

The revenue limit is based on the ADA generated during this period from July 1st through the last full school month ending on or before April 15

A

P-2 second period attendance

246
Q

The number of assigned to sources of revenues or expenditures is called the

A

Account codes

247
Q

An initiative passed in 1978 that amended the ca constitution and was related to property tax and a required 2/3 to add new taxes

A

Prop 13

248
Q

Certificates of participation [cops]

A

A way to provide loans ( long term financing) for school districts

249
Q

A charge per square foot for construction in a community which school districts may levy to help build or renovate schools

A

Developer fees

250
Q

Funds allocated by the legislature to raise districts w lower revenue limits toward the statewide average

A

Equalization

251
Q

Expenditures that are incurred for interest on and redemption of bonds

A

Bonded indebtedness

252
Q

Equalization

A

Funds allocated by legislature the legislature to raise school districts with lower revenue limits toward the state average

253
Q

The revenue limit

A

The specific amount of state and local property taxes the school district may receive per pupil for its general education program

254
Q

Line item budgets are the most commonly used by the school districts for their general fund budget

A

True

255
Q

A school districts ADA is usually slightly greater thank it’s student enrollment

A

False

256
Q

The period for the purposes of budgeting in Ca from July1- June 30

A

Fiscal year

257
Q

The revenue limit is based on the ADA generated during this period from July 1st through the last full school month ending on or before April 15

A

P-2 second period attendance

258
Q

The number of assigned to sources of revenues or expenditures is called the

A

Account codes

259
Q

An initiative passed in 1978 that amended the ca constitution and was related to property tax and a required 2/3 to add new taxes

A

Prop 13

260
Q

Certificates of participation [cops]

A

A way to provide loans ( long term financing) for school districts

261
Q

A charge per square foot for construction in a community which school districts may levy to help build or renovate schools

A

Developer fees

262
Q

Funds allocated by the legislature to raise districts w lower revenue limits toward the statewide average

A

Equalization

263
Q

Expenditures that are incurred for interest on and redemption of bonds

A

Bonded indebtedness

264
Q

Economic Impact Aid ( EIA)

A

State categorical aid for districts with students who are bilingual, transient or from low income families

265
Q

Food services monies are placed in a school general fund

A

False

266
Q

What are the greatest challenges facing ca school finance in the next 5 years

A

Student absences, declining enrollment, unnecessary spending and sources of funds/revenue

267
Q

In order for school to receive school improvement fund the school must have a school plan developed by the school site coucil

A

True

268
Q

The special ed encroachment on the general fund budget and school districts is usually what percentage

A

20-25%

269
Q

What are the requirements of the CA master plan for special education

A

Least restrictive environment, IEP, seek individuals with exceptional needs

270
Q

State bond issues require a simple majority voter approval

A

True

271
Q

What are two way to determine weather parents or guardians are indigent

A

Qualify for a free lunch /receive AFDC

272
Q

There continues to be much discussion about doing this to improve flexibility in categorical programs funded both by California and the federal government.
What is this called

A

Consolidation

273
Q

To pass a STATE bond you need what to pass

A

Simple majority-50%

274
Q

To pass a DISTRICT bond you need what percentage?

A

55%