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9 Cards in this Set
- Front
- Back
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What are the four types of budgeting?
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incremental/historical
plnng prog. budg. system-PPBS Zero Based Budgeting Site Based Budgeting |
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What is incremental, or historical budgeting?
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increasing, or decreasing the previous years allocation for each budget item by a percentage. Dollars are added or subtracted for each existing line item.
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Describe planning -programming-budgeting system.
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The primary objective of PPBS is to provide decision makers with more complete, accurate, and objective information for planning educational programs and for choosing among alternative in spending funds to achieve educational objective.
Major criticism - lack of evaluation Major advantage - provide way to measure limited resources against the objectives of the district and subsequently to retain and reject probrams that are, or are not in concert with objectives |
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Describe zero based budgeting
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Rather than continue allowcation of funds for each program year after year, start each year from ground zero.
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Describe site based budgeting
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teachers, admin, staff, comm. members develop the budget at the school site
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What are some objective of California's account code stucture?
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establish uniform, comprehensive chart of accounts to improve financial data collection, reporting, transmission, accurac, and camparability
reduce workload meet federal compliance req increase opp. 2 rec. fed $$$ ensure that school districts conform to generally accepted accounting principles to inform stakeholders of the sources of funds and how they are used |
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Name the 6 required fields in a chart of accounts and their function?
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fund account
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Describe the required (6) account fields and their functions.
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fund/group - goal/objective
(eg. gen. fund/ ed fund) account group - fixed assets (land,blgs, machinery, furn. equip.) resource - revenues used (fed. funds, lottery) project year - tracks proj. that span for more than one year goal - instr. goal function - services performed to accomplish goal object - tracks expenditures by serv. or commodity (ie books, supplies, svcs. capital outlay) |
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What are the most generally used object codes
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1000-1900 Certificated
Personnel Salaries 2000-2999 Classisfied 3000-3999 Employee Benefits 4000-4999 books & supplies 5000-5999 services and other operating expend. 6000-6599 capital outlay sites, bldgs, equp 7000-7499 other outgo |
