WGU D023 Exam (New 2024/ 2025 Update) School
Financial Leadership |Qs & As| Grade A| 100%
Correct (Verified Answers)
.A magnet school with a theme of Science and Mathematics transfers funds
from a curriculum code to a salary code. Which reason would be appropriate for
this budget transfer?
A: The elimination of magnet programming
B: The inclusion of magnet programming in district curriculum
C: The creation of a magnet resource teacher
D: The creation of a science lab - ANSWER-C: The creation of a magnet resource
teacher
.A recent shift in attendance zones requires more students who are English
learners to attend one elementary school. Additional staff will be needed to
ensure that the new population of students will have their learning needs met.
Which budget category would need additional funding at this school, based on
the information provided?
A: Equipment
B: Magnet funds
C: Salaries
D: Capital projects - ANSWER-C: Salaries
,.A school district's gifted program is housed at Oakhill Elementary School.
Students from the other two elementary schools are bused to OES for the
program. Which budgetary consideration is consistent with school equity
requirements?
A: Oakhill may receive an additional allocation for the gifted program.
B: Oakhill will receive the same allocation as the other two elementary schools.
C: Oakhill will receive some funding but will be required to use money from the
general fund to supplement the program.
D: Oakhill will be required to completely fund the program out of their general
education fund. - ANSWER-A: Oakhill may receive an additional allocation for
the gifted program.
.A school has established a school safety goal to improve staff preparation for
responding to on-campus emergency situations.
Budget Fiscal Year
Capital Outlay A
Purchased Services B
Professional Development C
Support Services D
Where in the budget should the principal look to determine whether there is
funding available for a staff training for emergency response?
A
B
C
D - ANSWER-C
, .A school's activity fund has a balance of $2,000. The principal approves a
purchase order in the amount of $120 for tickets to the local art museum for a
future class field trip.
In which box will the $120 appear on the financial statement above?
A Account Balance
B Amount Encumbered
C Total Expenditures
D Unencumbered Balance - ANSWER-B Amount Encumbered
.A school's booster club raised funds through a bake sale for the annual end-of-
the-year banquet. The funds were collected and submitted in January, but they
will not be spent until May, when the banquet is planned. How will the booster
club funds be categorized on a balance sheet in January?
A: Expenditures
B: Investments
C: Liabilities
D: Assets - ANSWER-D: Assets
.An elementary school had a book fair and raised $3,000 for instructional
supplies. How would the raised funds be categorized on the balance sheet for
both months?
A: Liabilities
B: Expenditures
C: Assets
D: Investments - ANSWER-C: Assets
Financial Leadership |Qs & As| Grade A| 100%
Correct (Verified Answers)
.A magnet school with a theme of Science and Mathematics transfers funds
from a curriculum code to a salary code. Which reason would be appropriate for
this budget transfer?
A: The elimination of magnet programming
B: The inclusion of magnet programming in district curriculum
C: The creation of a magnet resource teacher
D: The creation of a science lab - ANSWER-C: The creation of a magnet resource
teacher
.A recent shift in attendance zones requires more students who are English
learners to attend one elementary school. Additional staff will be needed to
ensure that the new population of students will have their learning needs met.
Which budget category would need additional funding at this school, based on
the information provided?
A: Equipment
B: Magnet funds
C: Salaries
D: Capital projects - ANSWER-C: Salaries
,.A school district's gifted program is housed at Oakhill Elementary School.
Students from the other two elementary schools are bused to OES for the
program. Which budgetary consideration is consistent with school equity
requirements?
A: Oakhill may receive an additional allocation for the gifted program.
B: Oakhill will receive the same allocation as the other two elementary schools.
C: Oakhill will receive some funding but will be required to use money from the
general fund to supplement the program.
D: Oakhill will be required to completely fund the program out of their general
education fund. - ANSWER-A: Oakhill may receive an additional allocation for
the gifted program.
.A school has established a school safety goal to improve staff preparation for
responding to on-campus emergency situations.
Budget Fiscal Year
Capital Outlay A
Purchased Services B
Professional Development C
Support Services D
Where in the budget should the principal look to determine whether there is
funding available for a staff training for emergency response?
A
B
C
D - ANSWER-C
, .A school's activity fund has a balance of $2,000. The principal approves a
purchase order in the amount of $120 for tickets to the local art museum for a
future class field trip.
In which box will the $120 appear on the financial statement above?
A Account Balance
B Amount Encumbered
C Total Expenditures
D Unencumbered Balance - ANSWER-B Amount Encumbered
.A school's booster club raised funds through a bake sale for the annual end-of-
the-year banquet. The funds were collected and submitted in January, but they
will not be spent until May, when the banquet is planned. How will the booster
club funds be categorized on a balance sheet in January?
A: Expenditures
B: Investments
C: Liabilities
D: Assets - ANSWER-D: Assets
.An elementary school had a book fair and raised $3,000 for instructional
supplies. How would the raised funds be categorized on the balance sheet for
both months?
A: Liabilities
B: Expenditures
C: Assets
D: Investments - ANSWER-C: Assets
