WWW.DISSERTATION.XLIBX.INFO
FREE ELECTRONIC LIBRARY - Dissertations, online materials
 
<< HOME
CONTACTS



Pages:     | 1 ||

«TOOLS TO HELP FAMILY CHILD CARE PROGRAMS CREATE BUDGETS (FAQ, Templates, Samples) 1. Why have a budget? As a provider, you may be thinking “I get ...»

-- [ Page 2 ] --

If, in the process of doing a review of actual expenses and budget (estimated amounts), you realize that you were significantly off in budgeting (estimated amounts), such that it will have a large effect on the accuracy of your budget for the rest of the year, you may want to make a budget adjustment. This could be done by creating an adjusted budget line item [you add/subtract the amount of the adjustment as a line item on the budget to show the adjustment]. You may also want to make a note for yourself to pay attention to this category of expense/income when creating the following year’s budget so you can adjust your accuracy with the additional information you have.

–  –  –

If this provider knew that her food expense was going to remain at a higher level for the rest of the year, she may want to adjust her food budget amount. Food expenses could be higher because, for example, she enrolled several more children.

–  –  –

Then, when the provider was comparing the actual expenses and budgeted (estimated) amounts, she would add the budgeted amounts in BOTH food line items and compare it to her amount of actual expenses that were spent.

YoungStar - Tools to Help Family Child Care Programs Create Budgets – Page 5 of 7

7. Does any of this have to be on a computer?

No. YoungStar does not require providers to use a computer or computer software to track their budgets. YoungStar provides worksheets for providers to use to create budgets and track actual income/expenses. Though many providers find it useful to use computers, paper and pencil is just fine.

8. This is my personal information -- why do I have to show it to anyone?

The information YoungStar is looking for with the budget indicator is the family child care business’s information – not your personal financial information. The budget does not have to include personal income/expense line items or spouse’s income. Providers can choose to include this information if they wish or if they think it will help them have a more accurate financial picture.

The reason for focusing on the family child care business’s income and expenses is to help providers see if the business is covering its own expenses with the money brought in.

9. How can I make a budget when payment is now linked to attendance -- I can't predict when kids will be here and when my budget will be off if I guess wrong because the state will only pay for the days the kids are here.

Once a provider has a general sense of the amount of care or hours that have been approved for a family using Wisconsin Shares, the provider can calculate a daily, weekly or monthly rate of reimbursement and enter the budgeted amount.

Because child care attendance can be an up and down affair, Tom Copeland suggests budgeting attendance income with a cushion – in other words, don’t plan to be 100% full all the time. YoungStar provides some worksheets for providers to help estimate their attendance income (http://dcf.wisconsin.gov/youngstar/pdf/b_creating_budget_family_template.pdf or http://dcf.wisconsin.gov/youngstar/pdf/b_creating_budget_family_sample.pdf with that cushion in mind. In addition, providers may consider policies and procedures which help educate parents about the impact of those missed days of child care.

10. How often do I have to compare my budget estimates and actual income and expense amounts for each star level?

At the 3 and 4 Star level, YoungStar requires that providers compare their estimated (budgeted) amounts and actual income and expense amounts spent once a year. This can coincide with the creation of their new annual budget for the next year.

At the 5 Star level, YoungStar requires that providers compare their budget (estimated) amounts and actual income and expense amounts twice a year – at the end of six months and again at the end of the year. This is to ensure that programs at this higher level are creating a fuller picture of their financial situation to be used for planning purposes.

11. Is anyone looking to verify if my budget is accurate? What if I budget incorrectly for this year's supply category? Am I going to get docked?

Technical Consultants and Formal Raters are not judging the amounts in the categories. If programs have identified working on budgets as an area of concern, Technical Consultants may ask clarifying questions to help identify any issues arising from the budgeting process, but it is up to programs to decide what line items are included in the budget and what amounts are assigned to each line item.

YoungStar - Tools to Help Family Child Care Programs Create Budgets – Page 6 of 7 Programs are encouraged to revisit their budget comparison information regularly to learn from them and create a more accurate picture of the program’s financial well-being.

12. What resources are out there to help me with this?

YoungStar Business Practices workshops are available. These full day workshops offer support and resources for budgeting as well as other YoungStar business practices. Check with the local CCR&R for dates and times offered in your area.

The Wisconsin Women's Business Initiative Corporation (WWBIC) is an economic development corporation providing quality business education, technical assistance and access to capital for entrepreneurs. Established in 1987, WWBIC consults, educates and mentors owners of small and micro businesses throughout Wisconsin. They concentrate their efforts with women, people of color and those of lower incomes. WWBIC offers free and low cost training, help to write a business plan and a profit and loss template on their website. http://www.wwbic.com/ Also, look for classes or workshops on business practices offered at technical colleges, banks, credit unions, CCR&Rs, WECA, Wisconsin Family Child Care Association (WFCCA), or The Registry. In addition, a Technical Consultant can also offer business practices support or help find additional resources, like Family Child Care business practices kits available for purchase.

Tom Copeland’s books, Business Planning Guide and Money Management & Retirement Guide, are excellent resources. Worksheets and step by step instructions to help providers understand more about their money are included. They are available for purchase at http://www.redleafpress.org/ or may be lent from your local CCR&R library or from the Child Care Information Center (1-800-362-7353) http://dpi.wi.gov/rll/ccic/index.html

From CCIC’s website:

How much does borrowing cost?

Materials are shipped to you at no charge. Your only expense is the cost of mailing borrowed items back to CCIC.

How long may I keep a library item?

You may keep DVDs for one week and other items for two weeks. If you need an item for a longer time, please let us know. Arrangements can be requested for a longer loan period if no one else is waiting for that item.

Pages:     | 1 ||


Similar works:

«This page intentionally left blank The Biology of Blood-Sucking in Insects Second Edition Blood-sucking insects transmit many of the most debilitating diseases in humans, including malaria, sleeping sickness, filariasis, leishmaniasis, dengue, typhus and plague. In addition, these insects cause major economic losses in agriculture both by direct damage to livestock and as a result of the veterinary diseases, such as the various trypanosomiases, that they transmit. The second edition of The...»

«Dormitory Authority Finance Committee Meeting February 22, 2011 The Dormitory Authority of the State of New York met in a Finance Committee Meeting at the Authority’s Albany Office at 515 Broadway, Albany, New York at 4:00 p.m. on February 22, 2011. The Meeting was called to order by the Finance Committee Chair. Roll call was taken and a quorum was present. Those Finance Committee Members present and absent were as follows: Finance Committee Members Present: Gerard Romski, Esq., Chair, Member...»

«DISCUSSION PAPER SERIES IZA DP No. 2412 The Power of the Test in Three-Level Designs Spyros Konstantopoulos October 2006 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor The Power of the Test in Three-Level Designs Spyros Konstantopoulos Northwestern University and IZA Bonn Discussion Paper No. 2412 October 2006 IZA P.O. Box 7240 53072 Bonn Germany Phone: +49-228-3894-0 Fax: +49-228-3894-180 E-mail: iza@iza.org Any opinions expressed here are those of the author(s) and...»

«Overview of Education Finance Litigation Tristan D. Greene* Arkansas Policy Forum on Education Finance November 18, 2002 Little Rock, Arkansas The legal fight over school finance systems dates back to the late 1960’s starting in the federal court system.1 This initial “wave” of litigation ended with the seminal case of San Antonio Independent School District v. Rodriguez,2 which declared that education was not a right protected by the United States Constitution. The second wave of...»

«VAT on postal packages SN4155 Standard Note: 11 September 2013 Last updated: Antony Seely Author: Business & Transport Section Generally imports into the EU are charged VAT, though EU VAT law requires Member States to exempt from VAT commercial consignments worth €10 or less. This is known as ‘low value consignment relief’ (LVCR). Member States may apply a higher threshold up to €22 and the UK has does this in the past. Provision is made for a higher limit to apply for personal gifts....»

«STEUBEN COUNTY FINANCE COMMITTEE Tuesday, March 10, 2015 10:15 a.m. Legislative Committee Conference Room Steuben County Office Building Bath, New York **MINUTES** COMMITTEE: Gary D. Swackhamer, Vice Chair K. Michael Hanna Gary B. Roush Scott J. Van Etten STAFF: Mark R. Alger Jack K. Wheeler Patty Baroody Shawn Corey Bryce Foster Vince Spagnoletti Tammy Hurd-Harvey Pat Donnelly Wendy Flaitz LEGISLATORS: Joseph J. Hauryski Carol A. Ferratella Hilda T. Lando William A. Peoples ABSENT: Lawrence P....»

«Working Paper #05-01 (01) Sección de Organización de Empresas de Getafe Business Economics Series Universidad Carlos III de Madrid January 2005 Calle Madrid, 123 28903 Getafe (Spain) Fax (34) 91 624 5707 THE INTERNET: STRATEGY AND BOUNDARIES OF THE FIRM Zulima Fernández1 and María J. Nieto2 Abstract Many advantages have been ascribed to the Internet. Although it lacks the necessary elements to be regarded as a strategic resource, the Internet seems to be a useful tool to provide support for...»

«Developing Marketing Strategies for Green Grocers: An Application of SERVQUAL David B. Eastwood Department of Agricultural Economics, University of Tennessee, 2621 Morgan Circle, Knoxville, TN 37996–4518. E-mail: eastwood@utk.edu John R. Brooker Department of Agricultural Economics, University of Tennessee, 2621 Morgan Circle, Knoxville, TN 37996–4518. James D. Smith Department of Agricultural Economics, University of Tennessee, 2621 Morgan Circle, Knoxville, TN 37996–4518. ABSTRACT...»

«NBER WORKING PAPER SERIES CREDIT SUPPLY AND HOUSE PRICES: EVIDENCE FROM MORTGAGE MARKET SEGMENTATION Manuel Adelino Antoinette Schoar Felipe Severino Working Paper 17832 http://www.nber.org/papers/w17832 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2012 We thank Viral Acharya, Chris Foote, Gustavo Manso, Atif Mian, Sendhil Mullainathan, Chris Mayer, David Scharfstein, Todd Sinai, Mathew Slaughter, Jeremy Stein, Bill Wheaton and seminar participants...»

«© ephemera 2002 1473ISSN 1473-2866 notes www.ephemeraweb.org 43volume 2(1): 43-52 Pretty Ugly: Notes On the Moral Economy of Method* Alf Rehn Abstract The prevailing belief in the redeeming qualities of method has in the social sciences created a valuesystem which I like to call the moral economy of method, but which could also be called Methodism. Characterized by an exaggerated interest in debates concerning methodology and critique of the same, such a system seems to thrive on moral...»

«Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. A Primer on Farm Mortgage Debt Relief Programs during the 1930s Jonathan D. Rose 2013-33 NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other...»

«WHAT DO SUBJECTIVE ASSESSMENTS OF FINANCIAL WELL-BEING REFLECT? Steven A. Sass, Anek Belbase, Thomas Cooperrider, and Jorge D. Ramos-Mercado CRR WP 2015-3 Released: March 2015 Center for Retirement Research at Boston College Hovey House 140 Commonwealth Avenue Chestnut Hill, MA 02467 Tel: 617-552-1762 Fax: 617-552-0191 http://crr.bc.edu Steven A. Sass is a research economist at the Center for Retirement Research at Boston College (CRR). Anek Belbase is research project manager at the CRR....»





 
<<  HOME   |    CONTACTS
2016 www.dissertation.xlibx.info - Dissertations, online materials

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.