← finance csun Test
5 Written Questions
5 Matching Questions
- Student charges by the District
- Gann Spending Limit
- Age of CA school buildings
- a - enrollment projections factors - births, in-migration, new programs, salaries, & student-teacher ratio (class size, most important)
- b - over half over 30 years old
- c - enrollment, ADA, COLA, Categorical monies, lottery
- d -Approved by voters, 1979, CA Constitutional Amendment
-Limits all state agencies, including school districts, to its max level Gann limit
-Adjusted annually for changes in population and U.S. CPI (lesser) or CA per capita personal income
-Index was changed by Prop 111, (1990)
- e -Student transportation to and from school (except for indigent, SPED),
-not for textbooks and supplies or fees for extra-curricular activities.
5 Multiple Choice Questions
- -Why passed: imposes greater fiscal accountability and control on districts and county offices of education - based on bankruptcy of some districts
-County school superintendent reviews interim reports to check fiscal solvency
- -3% for majority of districts in CA
-1% for LAUSD, 5% for small districts
- -General fund is largest and most active - required for all districts includes both restricted and unrestricted revenues and expenditures (e.g. special education)
-there are others such as cafeteria, (also bond interest and redemption, building fund, deferred maintenance, adult education, child development etc.)
- -Categorical Funds are restricted funds for specific purposes only, from both the state and Fed. gov't. (Title I and Child Nutrition largest from Fed. gov't),
-require greater restrictions.
-Block Grants & Mega Item concept.
-Some encroachment for Spec. Ed., Class Size Reduction (also student transportation and food services).
- are placed in 8000 series.
5 True/False Questions
Operations → housekeeping/custodial to keep plants functional; work order system - advantages to keep track of hours and costs
Expenditures → - enrollment, ADA, COLA, Categorical monies, lottery
Food Sales → contracting out not necessarily better, is a separate fund, free/reduced lunch require record keeping, (again, encroachment an issue in some SDs)
Lottery funds → Not major part of revenues (1-2% of district's budget)
PROPOSITION 13 → - An initiative proposition (1978) creating a constitutional amendment to limit property tax increases to 1% a year and limited increases on assessed value to 2% a year. Effect was to shift funding schools from local property taxes to state funding of schools (also cities/counties) Impact on schools - more dependent on the state economy