SAC Budget & Financial Management

Question 1

Which type of school budget model allocates funds based on the actual number of students enrolled, assigning dollars directly to schools?

Accepted Answer

Student-based (weighted) budgeting

Answer

Student-based budgeting (also called weighted student funding) allocates dollars directly to schools based on enrollment, with extra weight for high-need students.

Question 2

What is a 'restricted fund' in school finance?

Accepted Answer

Funds that must be used for specific purposes as defined by the grantor or legal mandate

Answer

Restricted funds (e.g., Title I, IDEA grants) must be used only for the specific purposes designated by the funding source, and cannot be freely transferred.

Question 3

What does a 'carryover' in school budgeting refer to?

Accepted Answer

Unexpended funds from one fiscal year that are allowed to be used in the following year

Answer

Carryover refers to unspent budget funds at the end of a fiscal year that are legally permitted to roll into the next year's budget for continued use.

Question 4

Which federal funding stream specifically targets low-income students to improve academic achievement in high-poverty schools?

Accepted Answer

Title I, Part A

Answer

Title I, Part A of ESSA provides federal funds to schools with high concentrations of poverty to support academic achievement for disadvantaged students.

Question 5

When preparing a school-level budget, an administrator should align expenditures primarily with:

Accepted Answer

The school improvement plan goals and student learning priorities

Answer

Budgets should be strategic documents that directly fund the goals and strategies outlined in the school improvement plan, ensuring resources drive student outcomes.

SAC - School Administrator Certification Practice Test

SAC - School Administrator Certification Practice Test

SAC Budget & Financial Management