Finance Flashcards
The district superintendent must be replaced when
The amount of the districts revenues or exceeded by the district financial obligation
In most school districts the following percentage of the budget is for personal salaries and benefits
85%
The purpose of the district budget calendar is to guarantee fiscal solvency true or false
False
The major intent of a AB 1200
Impose greater fiscal accountability controls on school districts
Budget
A spending plan to accomplish instructional objectives
The constitutional deadline in California for the state legislative to adopt the state budget
June 15
What is NOT used to estimate how much a district will need to plan for the following years expenditures
The amount of lottery money available
All districts must conduct a public hearing on the budget each year true or false
True
Categorical funds are earmarked for specific funds true a false
True
Danger signals a district may be in financial trouble
Number one in adequate beginning and ending budget balances,turnover in administration, collective-bargaining with ties to revenues or expenditures
Who or what is the only thing that can change the revenue limit
State legislature
The largest share of federal funds comes from what funding and what is it also known as
Title I/no child left behind
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
True
SB90 established limits on the amount of general revenue money a school districtcan receive per-pupil true or false
True true
The required number of school days
180
Prop 98
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
With the recent school bond measure’s passing, school facilities needs have been adequately addressed true or false
False
The gann limit is a constitutional amendment passed has a part of the
“—–”
Taxpayer revolt
Prop 13 was considered A tax payers revolt because
It shifted funding for schools from local property taxes to the state
Lottery
Generates funds to support public Ed
Vouchers
Parent choice initiative twice defeated in 93 and 2000
A mega budget item
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
What is categorical aid for?
Specific educational objectives and is to supplement funds
Where does the largest amount of funds in California come from?
Income taxes and sales taxes