Home
Flashcards
Preview
School Finance Midterm
Home
Get App
Take Quiz
Create
ADA
Average daily attendance...was once the way the schools were funded by the state
Account Codes
Every expenditure has a code associated with it
Ad Valorem
Property Taxes
Adequacy
Amount of funding determined to be minimal for Counties to operate- not equality
Assessed Value
Projected Value...what your home is worth vs. what it could sell for
Bank Reconciliation
Reconcile funds to outputs and inputs
Bid (Sealed)
Vendor's price for services
Bid Process
protected process for securing prices for services
Bonds
a policy of insurance to cover people who handle money (Bonded like the maids)
Capital Outlay
purchase of land/construction/renovation
Charge Back
Federal fine for a misuse of federal funds
Co-mingle
mixing funds from different sources
CNP
Child Nutrition Program
Digest
State Calculates annual property tax base
Encumbered Funds
funds that are committed (car & house payments)
ESEA
Elementary and Secondary Act Funds- Math & Science Funds Federal
Fair Market Value
Value of property as determined by comparable property
Fiduciary
Trust with money
Fixed Assets
Value of the school property inventory
Flow Through Monies
COmes in & immediately goes back out...filed trips
Formula Grants
Sources of money to fund schools for special reasons
Categorical Grants
Money allocated for designated purpose- outside regualr funding
Guaranteed Tax Base (GTB) (Equalization Program)
GA's attempt to equalize fuding by redistributing local property rax (Robin Hood)
Indebtedness
Total amount of debt for a school system
Mandates
A monetray requirement
Local School
School Unit
Mid-year correction
Can adjust budget in December
Millage
Rate of taxation of property 1/1,000 (.001%)
Minimum Program
GA Shcol funding formula
Minority Exemption
Allowance for minority vendors
Plenary Power
absolute power over public schools (General Assembly)
Quality Based Education Act 1985 (QBE)
Most current funding law in GA
Required Local Contribution (Local Fair Share)
To get state funding you must raise 5 mills of local tax
Voucher
Coupon allowing a sevice or funds
Massachusets Law 1642
1st kaw requiring parents to educate children
Dedham Mass 1643
1st American public school to teach males bible & Latin
Land Ordinance of 1785
Established 16th sections of land to be given to public schools
1840 Common School Movement (Horace Man)
Modern Public School System- Based on industrialization
Massachusetts Law 1852
1st Compulsary attendnace law
Watertown Wisconson 1855
1st public kindergarten
Morrill Act of 1862 (1890)
Established Land Grant Universities- Required Teachers Ed
Kalamazoo vs. Michigan (1874)
City wanted to tax to build a school- SC of MI allowed school taxes
Smith-Hughes Act 1917
Provided for vocation ed in schools
Pierce vs. Society of Sisters (1925)
Catholic church sues to get relief from the compulsary attendnace law- allows for private schools
National Defense Education Act of 1958
Funds for Math, Science & Foreign Language
Vocational Education Act of 1963
Increases funding for vocational programs
Title IV Federal Financial Aid Programs (1964)
College Student Financial Aid
Effective Schools Movement
Ron Edmunds- Local Schools can make a difference
Section 5 of the Voting Rights Act of 1965 (Pre-Clearance)
Requires pre-clearance of anything that will effect the voters- people could not create their on school districts
Coleman Report (1966)
Minority students do better academically in racially integrated schools
Section 504 of the Rehabilitation Act of 1973
provides protection from discrimination for unspecified handicaps
California State Proposition 13 (1978)
1st Time in US History- Rolled back state property tax
US Department of Ed
Established in 1980
McDaniels vs. Thomas
Georgia case of adequate vs. equal...required funding equalization- generated the current funding policy in GA
A Nation at Risk (1983)
US Sec. of Ed Bell- Reported Education system to be failing in the US
Author
pml16189
ID
11636
Card Set
School Finance Midterm
Description
Midterm Exam
Updated
2010-03-23T00:56:12Z
Home
Flashcards
Preview