public school finance

public school finance

The following are some significant facts, terms and concepts for background information for public school finance.(Virginia VA)

The Business of Schools
The following are some significant facts, terms and concepts for background information for public school finance. Please answer or explain the following in four sentences or less and relate them to school finance.
1. What is “Ye Old Deluder Satan Act/”
2. What is an Ad Valorem tax?
3. What was the significance of Brown vs. Board of Education 1954?
4. What was the Civil Rights Act of 1964?
5. What does encumbered and unencumbered mean? Use examples.
6. Define and give an example of at least 3 fiduciary examples.
7. What does a Reduction in Force (RIF) mean?
8. What is a Block Grant? Give an example.
9. What are Student Activity Funds? Use an example.
10. What is the Capital Improvements Budget?
11. Explain the National School Lunch Act.
12. What does contracting out mean?
13. What is an incentive grant?
14. What is a flat grant?
15. How is an FTE defined for student enrollment and staff?
16. Explain the 10th Amendment and its relation to education.
17. What is Impact Aid?
18. What was the Serviceman’s Readjustment Act and how did it effect education?
19. Explain arbitrage and provide examples of it.
20. What are the phases and steps to prepare a school budget?
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