SAC Budget & Financial Management 2

Question 1

Which of the following is a key requirement for using Title I funds under a schoolwide program?

Accepted Answer

The school must use a comprehensive needs assessment and serve all students, though funds must supplement, not supplant

Answer

In a Title I schoolwide program, funds can serve all students in the school, but the school must conduct a comprehensive needs assessment and ensure Title I supplements rather than replaces core funding.

Question 2

What does 'supplement, not supplant' mean in the context of federal education funding?

Accepted Answer

Federal funds must increase total education spending, not replace state and local funds

Answer

Supplement, not supplant means federal funds must be used in addition to — not instead of — state and local funds that would otherwise be spent on those students or programs.

Question 3

Which financial practice is most important for school administrators to follow when spending public school funds?

Accepted Answer

Maintaining a clear audit trail, ensuring all expenditures have proper authorization and documentation

Answer

Public funds require transparent, documented, authorized expenditures to withstand audits and ensure accountability to taxpayers and regulatory bodies.

Question 4

A school administrator wants to purchase technology using grant funds. Which step must be completed first?

Accepted Answer

Verify the expenditure is allowable under the grant's scope and follow required procurement procedures

Answer

Before spending grant funds, administrators must confirm the purchase is allowable under the grant terms and comply with required procurement rules, including competitive bidding thresholds.

Question 5

What is zero-based budgeting?

Accepted Answer

Building the budget from zero each year, requiring justification for every expenditure regardless of prior allocations

Answer

Zero-based budgeting requires every budget item to be justified anew each cycle, forcing alignment between expenditures and current priorities rather than perpetuating historical spending.

SAC - School Administrator Certification Practice Test

SAC - School Administrator Certification Practice Test

SAC Budget & Financial Management 2