SSA School Finance & Budget Management 1

Question 1

What is the primary purpose of a school district's general fund?

Accepted Answer

To account for the primary day-to-day operating expenses of the district

Answer

The general fund accounts for the primary operating revenues and expenditures of a school district, including instruction, administration, and support services.

Question 2

Which budget format organizes resource allocation by specific programs and their associated costs rather than solely by object codes?

Accepted Answer

Program-based budgeting

Answer

Program-based budgeting organizes expenditures by educational programs and activities, allowing leaders to evaluate costs and outcomes for each individual program.

Question 3

During which phase of the budget cycle is the proposed budget formally presented to the board of education for approval?

Accepted Answer

Budget adoption

Answer

The budget adoption phase is when the proposed budget is presented to and approved by the board of education through a formal vote, giving the district legal authority to spend.

Question 4

In school district accounting, what does the term 'encumbrance' refer to?

Accepted Answer

A commitment of funds for a purchase order or contract not yet paid

Answer

An encumbrance represents a commitment of budgeted funds for obligations such as purchase orders or contracts that have been made but not yet paid.

Question 5

Which federal legislation most directly governs Title I, Part A funding allocation to schools serving high concentrations of students from low-income families?

Accepted Answer

ESSA

Answer

The Every Student Succeeds Act (ESSA) governs Title I, Part A funding, which provides supplemental resources to schools and districts serving high concentrations of economically disadvantaged students.

(SSA) School Superintendent Assessment Practice Test

(SSA) School Superintendent Assessment Practice Test

SSA School Finance & Budget Management 1