WGU D023 SCHOOL FINANCIAL
LEADERSHIP PRE-ASSESSMENT
COMPREHENSIVE STUDY GUIDE 2026 FULL
QUESTIONS AND SOLUTIONS GRADED A+
◍ Flat Grant.
Answer: provides a set rate of funding per pupil regardless of the wealth or
resources of the district.
◍ What is the purpose of a requisition in school accounting?.
Answer: To request the purchase of goods or services.
◍ Cost Accounting.
Answer: determine the viability of an academic program
◍ What is a main concern of opponents of school voucher programs?.
Answer: They would make economic segregation more prominent.
◍ What are some challenges school districts experience due to their reliance
upon property taxes?.
Answer: tax base does not support funding needs. Tax payers become
overburdened by ever increasing tax rates.
◍ Why would a school apply for Title III funding?.
Answer: To improve instruction for English learners
◍ Vouchers.
Answer: Payments made to parents or an institution. They come from both
public tax dollars and private revenue sourced.
◍ How will the funds raised by the robotics team be categorized on the
balance sheet for March?.
, Answer: Assets
◍ What is the most valuable resource for the school to provide to Fred, a critic
of the school's expenditures?.
Answer: An external auditor's written report that supports the school's fiscal
integrity.
◍ Which grant provides funds specifically for hybrid or blended learning?.
Answer: Title II
◍ What is the primary focus of the School Financial Leadership course?.
Answer: Financial policies, practices, and issues connected to PK-12 school
operations.
◍ What is a liability in accounting.
Answer: money owed to others (including employee salaries)
◍ Which type of school (Urban or Rural) have difficulty in attracting the best
teachers.
Answer: Both
◍ What is an example of a liability in school accounting?.
Answer: Employee salaries.
◍ An ongoing and continuous examination of a school's accounting system is
an.
Answer: Internal audit
◍ What does the term 'magnet programming' refer to in the context of school
budgeting?.
Answer: Specialized educational programs designed to attract students from
various areas.
◍ What are the implications of having a balance sheet in school finance?.
Answer: It provides a snapshot of the school's financial position.
◍ What is the purpose of the War on Poverty Act (WPA)?.
Answer: To address educational inequities and improve funding for
low-income schools.
, ◍ Race to the Top.
Answer: a federal program that offered funding to schools in a competitive
manner.
◍ Which grant program is intended to improve the quality and effectiveness of
teachers, principals, and other school leaders?.
Answer: Title II
◍ What do candidates learn about in relation to school budgets?.
Answer: How to analyze different types of school budgets and the
principal's role in the budgetary process.
◍ What is a reason for a budget transfer from a curriculum code to a salary
code in a magnet school?.
Answer: The creation of a magnet resource teacher.
◍ On average, what percentage of a school's budget is spent on personnel
expenses?.
Answer: 85%
◍ Which budget category would need additional funding if more English
learners attend a school?.
Answer: Salaries.
◍ Payment in lieu of taxes.
Answer: block grant utilization where funds are provided in a more general
aide manner.
◍ What is the Student Opportunity Equalization Act (SOEA)?.
Answer: An act aimed at ensuring equitable funding across schools.
◍ What type of funding does Title I provide?.
Answer: Funding to improve educational opportunities for disadvantaged
students.
◍ What are the implications of a district ending music programs at all
schools?.
Answer: It may reflect budgetary constraints and impact the arts education
LEADERSHIP PRE-ASSESSMENT
COMPREHENSIVE STUDY GUIDE 2026 FULL
QUESTIONS AND SOLUTIONS GRADED A+
◍ Flat Grant.
Answer: provides a set rate of funding per pupil regardless of the wealth or
resources of the district.
◍ What is the purpose of a requisition in school accounting?.
Answer: To request the purchase of goods or services.
◍ Cost Accounting.
Answer: determine the viability of an academic program
◍ What is a main concern of opponents of school voucher programs?.
Answer: They would make economic segregation more prominent.
◍ What are some challenges school districts experience due to their reliance
upon property taxes?.
Answer: tax base does not support funding needs. Tax payers become
overburdened by ever increasing tax rates.
◍ Why would a school apply for Title III funding?.
Answer: To improve instruction for English learners
◍ Vouchers.
Answer: Payments made to parents or an institution. They come from both
public tax dollars and private revenue sourced.
◍ How will the funds raised by the robotics team be categorized on the
balance sheet for March?.
, Answer: Assets
◍ What is the most valuable resource for the school to provide to Fred, a critic
of the school's expenditures?.
Answer: An external auditor's written report that supports the school's fiscal
integrity.
◍ Which grant provides funds specifically for hybrid or blended learning?.
Answer: Title II
◍ What is the primary focus of the School Financial Leadership course?.
Answer: Financial policies, practices, and issues connected to PK-12 school
operations.
◍ What is a liability in accounting.
Answer: money owed to others (including employee salaries)
◍ Which type of school (Urban or Rural) have difficulty in attracting the best
teachers.
Answer: Both
◍ What is an example of a liability in school accounting?.
Answer: Employee salaries.
◍ An ongoing and continuous examination of a school's accounting system is
an.
Answer: Internal audit
◍ What does the term 'magnet programming' refer to in the context of school
budgeting?.
Answer: Specialized educational programs designed to attract students from
various areas.
◍ What are the implications of having a balance sheet in school finance?.
Answer: It provides a snapshot of the school's financial position.
◍ What is the purpose of the War on Poverty Act (WPA)?.
Answer: To address educational inequities and improve funding for
low-income schools.
, ◍ Race to the Top.
Answer: a federal program that offered funding to schools in a competitive
manner.
◍ Which grant program is intended to improve the quality and effectiveness of
teachers, principals, and other school leaders?.
Answer: Title II
◍ What do candidates learn about in relation to school budgets?.
Answer: How to analyze different types of school budgets and the
principal's role in the budgetary process.
◍ What is a reason for a budget transfer from a curriculum code to a salary
code in a magnet school?.
Answer: The creation of a magnet resource teacher.
◍ On average, what percentage of a school's budget is spent on personnel
expenses?.
Answer: 85%
◍ Which budget category would need additional funding if more English
learners attend a school?.
Answer: Salaries.
◍ Payment in lieu of taxes.
Answer: block grant utilization where funds are provided in a more general
aide manner.
◍ What is the Student Opportunity Equalization Act (SOEA)?.
Answer: An act aimed at ensuring equitable funding across schools.
◍ What type of funding does Title I provide?.
Answer: Funding to improve educational opportunities for disadvantaged
students.
◍ What are the implications of a district ending music programs at all
schools?.
Answer: It may reflect budgetary constraints and impact the arts education
