Who is responsible for the administration and control of school internal funds?

Prepare for the FELE Finance Test with flashcards and multiple choice questions featuring hints and explanations. Boost your chances of success with our comprehensive study tools!

The correct answer is that the School Board is responsible for the administration and control of school internal funds. The School Board is typically charged with oversight of district finances and budgeting, ensuring that funds are allocated properly to meet educational needs. They will set policies related to the management of financial resources, including internal funds, and are accountable to the community for how those funds are utilized to support student education.

The principal, while usually involved in day-to-day financial decisions at a school level, does not have the broad oversight responsibilities that the School Board holds. The superintendent may play a key role in the administration of funds and execution of budgetary decisions, but their authority is often delegated and is still ultimately accountable to the School Board. The State Government oversees compliance and funding at a broader level, but it does not manage the internal funds of individual schools or districts directly.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy