Fund Structure and Expenditure Accounts

Question 1

Object Code 100

Answer 1

Code 100 Salaries
Categories of Expenditures:
110-Administrator
120-Classroom Teacher
130-Other Certified
140-Substitutes
150-Paraprofessionals
160-Other Support Personnel
170-Board Members and Attorneys

Question 2

Object Code 200

Answer 2

Code 200 Employee Benefits
Categories of Expenditures:
210-Retirement
       211-Pension Benefits
       212-Other Postemployment Benefits
220-Federal Insurance Contribution Act    FICA
230-Group Insurance
240-Workmans' Compensation
250-Unemployment Compensation
290-Other Employee Benefits

Question 3

Object Code 300

Answer 3

Code 300 Purchased Services
Categories of Expenditures:
310-Professional and Technical Services
311-Subawards Under Subagreements first $25,000
312-Subawards Under Subagreements excess of
$25,000
313-Technology Related Professional and Technical
Services
320-Insurance and Bond Premiums
330-Travel
350-Repairs and Maintenance
359-Technology Related Repairs and Maintenance
360-Rentals
369-Technology Related Rentals
370-Communications
379-Telephone and Other Communication Services
380-Public Utility Services Other than Energy Services
390-Other Purchased Services
391-Subawards Under Subagreements –First
$25,000
392-Subawards Under Subagreements –Excess
$25,000
393-Florida Education Finance Program (FEFP)
Distributions to Charter Schools
394-Distributions to Charter Schools (Non-FEFP)
399-Other Technology-Related Purchased Services

Question 4

Object Code 500

Answer 4

Code 500 Materials and Supplies
Categories of Expenditures:
510-Supplies
        519-Technology-Related Supplies
520-Textbooks
         529-Technology-Related Textbooks
530-Periodicals
          539-Technology-Related Periodicals
540-Oil and Grease
550-Repair Parts
560-Tires and Tubes
570-Food
580-Donated Food
590-Other Materials  and Supplies

Question 5

Object Code 600

Answer 5

Code 600 Capital Outlay
Categories of Expenditures:
610-Library Books
619-Technology-Related Library Books
620-Audiovisual Materials
621-Capitalized Audiovisual Materials
622-Noncapitalized Audiovisual Materials
630-Buildings and Fixed Equipment
640-Furniture, FixturesandEquipment
641-Capitalized Furniture, Fixtures, and Equipment
642-Noncapitalized Furniture, Fixtures, and
Equipment
643-Capitalized Computer Hardware and
Technology-Related Infrastructure
644-Noncapitalized Computer Hardware
648-Technology-Related Capitalized Fixtures and
Equipment
649-Technology-Related Noncapitalized Fixtures and
Equipment
650-Motor Vehicles
651-Busses
652- Other Motor Vehicles
660-Land
670-Improvements Other Than Buildings
671-Capitalized Improvements Other Than Buildings
672-Noncapitalized Improvements Other Than
Buildings
680-Remodeling and Renovations
681-Capitalized Remodeling and Renovations
682-Noncapitalized Remodeling and Renovations
690-Computer Software
691-Capitalized Software
692-Noncapitalized Software

Question 6

Object Code 700

Answer 6

Code 700 Other
Categories of Expenditures:
710-Redemption of Principal
720-Interest
730-Dues and Fees
740-Judgments/Settlement of Litigation Against School
System
750-Other Personal Services
760-Payments to Refunding Escrow Agent
761-Payments to Refunded Bonds Escrow Agent
762-Payments to Refunded Lease-Purchase
AgreementsEscrow Agent
770-Claims
780-Depreciation and Amortization Expense
790-Miscellaneous
791-Other Debt Service
792-Indirect Cost
793-Charter School Local Capital Improvement
794-Charter School State Capital Outlay
795-Charter School Capital Outlay Sales Tax
799-Miscellaneous Technology-Related

Question 7

Function Code 5000

Answer 7

Instruction. Instruction includes the activities dealing directly with the teaching of students, or the interaction between teachers and students. Teaching may be provided for students in a school classroom, in another location such as a home or hospital, or in other learning environments such as those involving co-curricular activities. Teaching may also be provided through some other approved medium such as television, radio, computer, Internet, multimedia, telephone, or correspondence. This function includes the activities of paraprofessionals or assistants of any type who assist in the instructional process.

Question 8

Function Code 6000

Answer 8

Student and Instructional Support Services. Provides administrative, technical (such as guidance and health), and logistical support to facilitate and enhance instruction. Student and Instructional Support Services exist for the benefit and well-being of the students and are supplemental to instruction to maximize individual student success, rather than as separate entities. Although some supplies and operational costs are generated in student and instructional support, the major cost will be personnel.

Question 9

Function Code 7000

Answer 9

General Support Services. Activities concerned with establishing policy, operating schools and the school system, and providing the essential facilities and services for the staff and students

Question 10

Function Code 8100

Answer 10

Maintenance of Plant. Activities that are concerned with maintaining the grounds, buildings, and equipment at an acceptable level of efficiency through repairs or preventive maintenance.

Question 11

Function Code 9700

Answer 11

Transfers. The nonreciprocal inter-fund activity represented by the disbursement of cash or goods from one fund within the school district to another fund without an equivalent return and without a requirement for repayment.

Question 12

Function Code 3100

Answer 12

Federal Direct. Revenues received by the school district directly from the federal government.

Question 13

Function Code 3200

Answer 13

Federal Through State and Local. Revenues from the federal government distributed through the state or an intermediate agency to the school district.

Question 14

Function Code 3300

Answer 14

Revenues from State Sources.

Question 15

Function Code 3400

Answer 15

Revenues From Local Sources.

Question 16

What are the four constructs that make up the FEFP formula?

Answer 16

1. Varying local property taxes
2. Varying education program costs
3. Varying costs of living
4. Varying costs for equivalent educational programs

Question 17

Define Zero Based Budgeting

Answer 17

Received widespread attention during Jimmy Carter’s presidential campaign.
“The one cardinal principle for ZBB is that nothing is sacred. Every program, if it is to receive continued funding, must be justified during each budget development process.”
Is a rational budgeting approach
Works from the bottom-up
“The critics of the ZBB system point to the great amount of paperwork involved, the need for more administrative time in the preparation of the budget, and the feeling that the system is too complicated and thus too impractical for small school districts. In addition, some state or federal programs or services must be retained regardless of the outcome of their evaluation. Therefore, this approach may be appropriate only on a periodic basis for some program areas.”

Question 18

Define Site-Based Budgeting

Answer 18

A concept of developing a budget through the joint efforts of teachers, community, and administrators at the school level.
It relies on a decentralized system for providing revenues for instructional supplies, materials, equipment, texts, and library books and in some districts is extended to salaries for teachers, aids, and auxiliary personnel.
To be effective, SBB requires that principals and staff be able to match student needs with available resources.
“Essentially, proponents of site-based management contend that schools will be improved for the following reasons:
Site participants can exert substantial influence on school policy decisions.
Employee morale and motivation are enhanced.
The quality of schoolwide planning processes is strengthened.
The development of characteristics associated with effective schools is encouraged.
The academic achievement of students improves.”