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WGU D023 SCHOOL FINA NCIAL
LEADERSHIP TEST QUES TIONS &
ANSWERS// (TOP EXAM REVIEW
PAPERS / GRADED A+/ 100%
ACCURATE)
Question : 1st Development Stage of School Finance
CORRECT ANSWER: The period of local district
financial responsibility, with little or no assistance from the state -used to be local or church -rate bills or tuition -problem in equity
Question : 2nd Development Stage of School Finance
CORRECT ANSWER: The period of emerging state
responsibility, with the use of flat grants, subventions, and other nonequalizing state allocations to local districts -state to supplement local tax revenues to provide acceptable programs
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Question : 3rd Development Stage of School Finance
CORRECT ANSWER: The emergence of the Strayer-
Haig concept of a foundation program (minimum program) -Each local district would levy the amount of local tax that was required in the richest district of the state to provide a foundation, or minimum, program. The rich district would receive no state funds; the other districts would receive state funds necessary to provide the foundation program.
Question : 4th Development Stage of School Finance
CORRECT ANSWER: The period of refinement of the
foundation program concept -use of flat grants -question to take money from wealthy districts to equalize
Question : 5th Development Stage of School Finance
CORRECT ANSWER: "Power" or "open-end" (shared
costs) equalization practices
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-20th century
Question : Equalization
CORRECT ANSWER: state and local districts began
exercising a degree of partnership in establishing and paying for a basic program of education for every school- age child in the state—at least in theory. In practice, the link between funding and program quality was questionable.
Question : open-ended, or shared-cost, equalization plan
CORRECT ANSWER: the percentage of this program
to be paid by each individual district and by the state.This percentage of state funds would be high for poor districts and low for wealthier ones. Once that determination has been made for each district, the same partnership ratio would be maintained to pay the total cost of the school program in each district -Harlan Updegraff
Question : 6th Development Stage of School Finance
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CORRECT ANSWER: The shift of emphasis and
influence, and funding for special need -economic factors influenced (wars, terrorist attacks, natural disasters, fluctuating prices in energy, had to rethink budget and safety of schools
Question : 7th Development Stage of School Finance
CORRECT ANSWER: A focus on adequacy in
education finance -court cases -sufficient funding is needed to meet state laws, standards, and requirements, and must be constitutionally enforceable -CCSS
Question : Foundational funding
CORRECT ANSWER: The state provides a minimal
level of funding as a guarantee per student expenditure.The intent of this system is to counteract the disparity of wealth across various districts of a state.