Finance Basics Flashcards
Where do the revenues come from
Enrollment, ADA, COL a, categorical monies, lottery
Name some enrollment projections factors
Births, in migration, new programs, celery, and student-teacher ratio. Class-size is the most important
Categorical funds are restricted funds T or false
T
Explain what categorical funds are
Restricted funds for specific purposes only, from both the state and federal government.
What are the largest categorical funds from the federal government
Title I and child nutrition
Categorical funds require greater what
Restrictions
Block grants and mega item concepts are considered what kind of funds
Categorical
The budget process is
Ongoing
True or false a public hearing is required for the budget
T
What kind of budget do most districts use for general fund
Line item budget
The process of using the prior-year as the starting point for budget
Historical/incremental
Program budgeting
PPBS complex process used in the past, categorical funds use program budgets more often
How much of the districts money comes from the state
2/3 or more 60-67%
What percentage of funds come from the federal government
9-13% The rest is local
How many days in the school year
180
What is the fiscal year
July 1st- June 30
How many districts are there
1000
Most school districts are what level
Elementary
Is a credential required for a CBO
No
What qualifications does a CBO require
Business operations, collective-bargaining, accounting, economics
What fun is the largest and most active
General fund
What fun is required for all districts
General fund
What does the general fund include
Both restricted and unrestricted and revenues and expenditures such as special-education
What other kinds of general funds are there
Bond interest and redemption/building fund/deferred maintenance/adult education/child development