FELE EXAM WITH QUESTIONS AND
ANSWERS 2025 LATEST UPDATE.
Four Major Funds - ANS General Fund, Debt Service Fund, Capital Projects Fund, and Special
Revenue Fund
Serrano v Priest - ANS (1971) Arguing against inequitable school districts in California. Ruled
that education is the function of the state. Florida legislators watched this and started thinking
about a finance plan for Florida.
Rodriguez v San Antonia Independent School District - ANS (1973) This was a federal case
involving the 14th Amendment to the U.S. Constitution. Ruled that funding of education is NOT
a federal issue.
What is the formula for base funding? - ANS FTE x Program Cost Factors x District Cost
Differential x Base Student Allocation = Base Funding
Program Cost Factor - ANS The cost of the educational program. Grades 4-8 has a cost factor of
1.000. Every other program cost more. There are four instructional program groups.
District Cost Differential - ANS Weight given based on county. DCDs are very minimal.
Reflects the district's cost of living.
Base Student Allocation - ANS This is determined annually by the state legislature.
FEFP Dollars - ANS Base Funding + Supplements. The supplements are declining enrollment
supplement and sparcity supplement.
Base funding and supplements go into what fund? - ANS The General Fund.
Local millage is synonymous with - ANS Local Effort. This money stays with individual
districts.
80% 90% 100% Rule - ANS 80% of money generated by a cost factor must be spent on that
program. 90% of money generated by cost factor K-3 must be spent on K-3. 100% of money
generated by ESOL must be spent on ESOL.
Capital Projects Fund - ANS Maintenance. School boards can impose an additional 1.5 mills tax.
3/4 of this fund can be used to pay down debts.
PECO $ - ANS Money given by the state to the districts to help build schools.
Other sources of $ - ANS Federal Impact, Untaxed federal property, county impact fees, new
dwelling houses, textbooks, categorical from state, Title I, categorical from federal, Title I C,
Migrant, categorical grants
, How many meetings must the school board have before adopting a budget? - ANS minimum of
two meetings: budget hearing and budget adoption. Both meetings must be advertised.
Food services - ANS School board does not pay for food. It is self sufficient. Federal funds and
student pay covers costs.
What are the 8 "objects" of the budget? - ANS salaries, employee benefits, purchased services,
energy services, materials/supplies, capital outlay, other expenses, transfers
What are the 4 "functions" of the budget? - ANS instruction, instructional support, general
support, community services
What is "cost center" in the budget? - ANS The specific school or department.
Internal accounts - ANS includes all money taken at the building level. Checks must be signed
by the principal or his/her designee. Personal checks not accepted. Principal can keep interest
earned on internal accounts.
How soon must checks be deposited? - ANS Within 5 business days.
Who is in charge of internal accounts? - ANS Principal
The bookkeeper must be bonded. - ANS The bookkeeper must be bonded and submit monthly
financial reports.
How often is the school audited? - ANS Annually.
Purchases under $3,000... - ANS informal quote
Purchases between $3,000 and $25,000... - ANS written quote with specifictions
Purchases over $25,000... - ANS sealed bid. accept best and lowest bid.
What do you do about an article criticizing administrators? - ANS Let it be published (1st
amendment).
1st Amendment - ANS academic freedom, religion, student publications.
Student publications and distribution - ANS Allow the student to set up a table and distribute
material in a reasonable, non-disruptive manner.
4th Amendment - ANS search and seizure
14th Amendment - ANS Equal Protection/Civil Rights/Due Process
ANSWERS 2025 LATEST UPDATE.
Four Major Funds - ANS General Fund, Debt Service Fund, Capital Projects Fund, and Special
Revenue Fund
Serrano v Priest - ANS (1971) Arguing against inequitable school districts in California. Ruled
that education is the function of the state. Florida legislators watched this and started thinking
about a finance plan for Florida.
Rodriguez v San Antonia Independent School District - ANS (1973) This was a federal case
involving the 14th Amendment to the U.S. Constitution. Ruled that funding of education is NOT
a federal issue.
What is the formula for base funding? - ANS FTE x Program Cost Factors x District Cost
Differential x Base Student Allocation = Base Funding
Program Cost Factor - ANS The cost of the educational program. Grades 4-8 has a cost factor of
1.000. Every other program cost more. There are four instructional program groups.
District Cost Differential - ANS Weight given based on county. DCDs are very minimal.
Reflects the district's cost of living.
Base Student Allocation - ANS This is determined annually by the state legislature.
FEFP Dollars - ANS Base Funding + Supplements. The supplements are declining enrollment
supplement and sparcity supplement.
Base funding and supplements go into what fund? - ANS The General Fund.
Local millage is synonymous with - ANS Local Effort. This money stays with individual
districts.
80% 90% 100% Rule - ANS 80% of money generated by a cost factor must be spent on that
program. 90% of money generated by cost factor K-3 must be spent on K-3. 100% of money
generated by ESOL must be spent on ESOL.
Capital Projects Fund - ANS Maintenance. School boards can impose an additional 1.5 mills tax.
3/4 of this fund can be used to pay down debts.
PECO $ - ANS Money given by the state to the districts to help build schools.
Other sources of $ - ANS Federal Impact, Untaxed federal property, county impact fees, new
dwelling houses, textbooks, categorical from state, Title I, categorical from federal, Title I C,
Migrant, categorical grants
, How many meetings must the school board have before adopting a budget? - ANS minimum of
two meetings: budget hearing and budget adoption. Both meetings must be advertised.
Food services - ANS School board does not pay for food. It is self sufficient. Federal funds and
student pay covers costs.
What are the 8 "objects" of the budget? - ANS salaries, employee benefits, purchased services,
energy services, materials/supplies, capital outlay, other expenses, transfers
What are the 4 "functions" of the budget? - ANS instruction, instructional support, general
support, community services
What is "cost center" in the budget? - ANS The specific school or department.
Internal accounts - ANS includes all money taken at the building level. Checks must be signed
by the principal or his/her designee. Personal checks not accepted. Principal can keep interest
earned on internal accounts.
How soon must checks be deposited? - ANS Within 5 business days.
Who is in charge of internal accounts? - ANS Principal
The bookkeeper must be bonded. - ANS The bookkeeper must be bonded and submit monthly
financial reports.
How often is the school audited? - ANS Annually.
Purchases under $3,000... - ANS informal quote
Purchases between $3,000 and $25,000... - ANS written quote with specifictions
Purchases over $25,000... - ANS sealed bid. accept best and lowest bid.
What do you do about an article criticizing administrators? - ANS Let it be published (1st
amendment).
1st Amendment - ANS academic freedom, religion, student publications.
Student publications and distribution - ANS Allow the student to set up a table and distribute
material in a reasonable, non-disruptive manner.
4th Amendment - ANS search and seizure
14th Amendment - ANS Equal Protection/Civil Rights/Due Process
