EDU 261 PCC High Quality Child Care Center Preschool Teacher Analysis

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Download, save, complete and submit the budget template.  Please read the directions carefully.  Use the Ratios Handout to determine how many staff you need for each class.  If you decide to go by NAEYC ratio standards, you will have fewer children per adults, which suggests higher quality but is more expensive to provide than meeting the minimum ratio requirements.  I HAVE INSERTED AN EXAMPLE FOR INFANT WHICH YOU MAY USE OR CHANGE. After figuring out how many staff you need, decide on the wage you would like to pay and then do the math to figure out how much that will cost per year (2080 is the number of work hours in a year at 40 hours per week).  Multiply the total of all salaries times 25% to give the amount of fringe benefits (health, sick, etc) and then add that to get a grand total of salaries.

Insert the grand total on page 2, and add all budgetary items to determine your total expenses.  The number of children you have when you are at 90% capacity IS 63 (70 TOTAL CHILDREN X .90) and then do the division to determine how much families would have to pay per week.  Then answer the 3 questions at the bottom of the page. 

Salaries are the largest part of any child care budget. You should have a BIG number.  Don't forget, once you decide on your hourly rate, multiply that by the number of staff in the classroom, and then multiply that by the number of work hours in a year (2080).

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EDU 261 Budget Assignment You have decided to open your own high quality child care center after working for three years as a preschool teacher and assistant director in an excellent, established program in another community. You have an Associate of Applied Science Degree in Early Childhood Education and you want to ensure that all of the best practices you have learned are put into action. You want to have an exemplary program that meets the needs of children and their families and where staff will enjoy their jobs and remain with you for many years. You also want to make about $35,000 per year yourself. You have decided to follow voluntary higher licensing standards and open a 5 star center. You have a financial backer who has loaned you the money to build and equip your center the way you want it. You already have a waiting list of 100 children ready to enroll as soon as you open. The building is finished and the licensing consultant has approved it, your room arrangements, and equipment. The sanitation consultant, fire marshal, and building inspector have also approved everything. All that is left to do is to hire your staff and develop your operating budget so you will know what to charge your parents. Your minimum requirements for staff are caregivers must have at least an Associate’s Degree in Early Childhood and 1 year experience in a licensed child care center. All staff must complete the NC Early Childhood Credential and all other required trainings. Classroom Group Size Staff Required Infant Room 8 ____________ x ______________ x _____________ Toddler Room 12 ____________ x ______________ x _____________ 2-yr-old Room 12 ____________ x ______________ x _____________ 3-yr-old Room 18 ____________ x ______________ x _____________ 4-yr-old Room 20 ____________ x ______________ x _____________ ____________ x ______________ x _____________ Floater Wage per hour Annual (x 2080) Other staff required: Owner/Director (1) ___$35,000___ Cook (1) ___$18,000___ Total ______________ Fringe (total x .25) +_____________ SALARY TOTAL ______________ Operating Budget Annual Salaries and Fringes (total page 1) $___________________ Rent $_______31,000_______ Utilities $_______17,465_______ Food Supplies $_______35,000_______ Curriculum Supplies $________5,200_______ Office Supplies/custodial supplies $_______17,000_______ Maintenance $_______12,000_______ Insurance $________3,000_______ Advertising Marketing $________1,000_______ Licenses $__________500_______ Staff Development/training $________1,500_______ Total Expenses (add all these) $____________________ (Figure out average number of children by adding # of children served on first page and multiplying that by .90, representing your center being 90% full) _______________ Total Expenses divided by Total Number of Children at 90% = ____________ Divided by 12 (months) = $_________________________________Per child per month Divided by 4.4(average weeks in a month) = $ ___________________per child per week Is this reasonable and why (research market rates in your area)? How could you reduce your expenses? How could you increase your income?
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Explanation & Answer

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Outline
EDU 261 Budget Assignment
You have decided to open your own high quality child care center after working for three years
as a preschool teacher and assistant director in an excellent, established program in another
community. You have an Associate of Applied Science Degree in Early Childhood Education and
you want to ensure that all of the best practices you have learned are put into action. You want
to have an exemplary program that meets the needs of children and their families and where
staff will enjoy their jobs and remain with you for many years. You also want to make about
$35,000 per year yourself. You have decided to follow voluntary higher licensing standards
and open a 5 star center. You have a financial backer who has loaned you the money to build
and equip your center the way you want it. You already have a waiting list of 100 children
ready to enroll as soon as you open. The building is finished and the licensing consultant has
approved it, your room arrangements, and equipment. The sanitation consultant, fire marshal,
and building inspector have also approved everything. All that is left to do is to hire your staff
and develop your operating budget so you will know what to charge your parents. Your
minimum requirements for staff are caregivers must have at least an Associate’s Degree in Early
Childhood and 1 year experience in a licensed child care center. All staff must complete the NC
Early Childhood Credential and all other required trainings.
Classroom Group

Size

Staff Required

Wage per hour

Annual (x 2080)

Infant Room

8

____________

x

______________ x _____________

Toddler Room

12

____________

x

______________ x _____________

2-yr-old Room

12

____________

x

______________ x _____________

3-yr-old Room

18

____________

x

______________ x _...


Anonymous
Really useful study material!

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