what are discretionary funds in education

What are discretionary funds?

discretionary fund. noun [ C ] FINANCE. an amount of money that is available to spend on things that are not considered necessary but that may be useful: Governors of some states are given discretionary funds to spend on small-scale projects.

What can discretionary funds be used for?

This spending is an optional part of fiscal policy, in contrast to social programs for which funding is mandatory and determined by the number of eligible recipients. Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.

What are 2 examples of discretionary spending?

Types of Discretionary ExpensesVacations and travel expenses.Automobiles.Alcohol and tobacco.Restaurants and other entertainment-related expenses.Coffee and specialty beverages.Hobby and sports-related expenses, such as crafting, sewing, and gym memberships.

What are 4 types of grants?

Four Types of Federal Grant Funding to Achieve Your Mission and Reach Your GoalsCompetitive Grant – Based on the Merits. ... Formula Grant – Based on Predetermined Award. ... Continuation – Renewal Grants. ... Pass-Through Grants – Issued by a Federal Agency.

Is education a discretionary expense?

Almost all education programs are discretionary spending programs, except for a small number of programs such as student loans, some vocational grants, school lunch, and a few tax benefit programs. Mandatory spending is simply all spending that does not take place through appropriations legislation.

What types of items will your discretionary spending cover?

Consumer staples include items like food, medication, and personal care and hygiene products; consumer discretionary includes luxury goods, travel, and entertainment. Consumers must sometimes choose between these two types of spending when deciding how to allot their money.

What are 4 examples of discretionary spending?

These include:Taxes.Employee salaries.Debts repayments (including loans and mortgages)Rent.Utility bills (including Internet costs)Inventory (especially for retail and other businesses that sell physical goods)Software that directly powers your business.More items...•

What is the difference between discretionary and non discretionary spending?

In simpler terms, non-discretionary expenses are those that are necessary to be incurred, also called as needs such as utilities, groceries, mortgage, taxes, etc. Discretionary expenses are those that one can do without and are beyond the needs of a person.

What percentage of discretionary spending is spent on education?

Education spending for elementary, secondary and higher education is projected to account for 6 percent of total federal discretionary spending in fiscal year 2015, a figure that has held roughly constant for decades despite consistent polling that shows education is a top priority for most Americans.

Are grants free money?

The federal government does not offer grants or “free money” to individuals to start a business or cover personal expenses, contrary to what you might see online or in the media. Websites or other publications claiming to offer "free money from the government" are often scams.

What is the most common type of grant?

Program/project grantsProgram/project grants This is the most common type of grant. Program/project grants specify that funding may only be used to support the program or project referenced in your proposal.

Are grants and scholarships the same?

In general, grants are given based on financial-need, while scholarships are merit-based and awarded to students based on their academic achievements, extracurricular activities, field of study, and more.

What are examples of non discretionary expenses?

Non-discretionary spending is essential and non-negotiable spending defined within a budget. What are Non-Discretionary examples? Examples of these expenses include: rent, food, or mortgage payments. In contrast, discretionary spending refers to non-essential expenses, such as hobbies and travel.

Which are examples of discretionary spending quizlet?

Discretionary spending is what the President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.

Is clothing a discretionary expense?

Clothes. While clothes do service a function and meet basic living needs, they are also a prominent category for discretionary spending.

What are discretionary categories?

Consumer discretionary is a term for classifying goods and services that are considered non-essential by consumers, but desirable if their available income is sufficient to purchase them.