Creating a Budget for Your Early Childhood Organization In this assignment, you will continue the budget development process by computing what is known as the “full cost of care.” In narrative form, you will use the Unit 3 Assignment Template as well as the Unit 3 Budget Spreadsheet to complete the assignment.

Date Posted: 10/10/2021

Category: Education
Due Date: 12/10/2021

Instruction

Part 1: Portrait of Organization In paragraph one, provide the following: The name of your organization. Identify the organization as a for-profit or a non-profit. Provide the ages of children served. Provide the number of children in each class. How many children are you licensed to serve? Share a brief statement of your program’s mission or values. In the second paragraph, refer to the enrollment and staffing patterns that you identified in your Unit 2 Journal. Share the following: The ratios that you will follow (be specific and share if these if the ratios you are using are in line with state standards, or national standards). How many teachers will you need for each classroom? What will their hours of work be? How many hours per week will they work? What is their salary? Then, in a third paragraph, provide the following information: Identify two written policies or procedures pertaining to finances that your program can apply to support efficient operations. How do these written policies or procedures focus on maintaining and improving the quality of early childhood environments? How can these written policies or procedures be applied when developing a budget? Part 2: Budget Spreadsheet Using the budget spreadsheet, calculate your annual budget based on the enrollment and staffing patterns that you determined for Part 1. You should create three versions of your spreadsheet to balance your budget. Be sure to create a small surplus for your budget. After creating your budget, calculate the average monthly budget (or dollar amount difference) and include that on your budget next to your annual revenue/expenses. Be sure to include the completed budget template when submitting this assignment. Part 3: Budget Planning After you have completed Part 2, refer back to the template in Part 1. In your final paragraph each, please respond to the following: Explain the importance of cash flow planning. Describe how your budget can be used as a planning tool for future budgets. How will budget planning ensure a quality program? How did the surplus/deficit vary under each sample budget? How do these results measure the health of your organization? Describe the effects that staffing and tuition changes had on your revenue. Assignment Guidelines Your assignment should be at least 3 pages, not including the title and reference pages, and should include the following elements: Title page: Provide your name, title of assignment, course and section number, and date Body: Answer all the questions in complete sentences and paragraphs Reference page: Sources in APA format Include at least two scholarly references Use Arial or Times New Roman 12-point fo

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tectutorz | Oct 10, 2021, 13:21 PM
As a writer I take pride in making sure that my clients are satisfied. My goal as a writer is to ensure that I build a strong and professional relationship with my clients. Through my work, I have proved myself to be a great writer. I ensure that my work is well formatted and has no grammatical errors. Moreover, I give all the assignments the attention that is needed to deliver high-quality work.
tectutorz | Oct 10, 2021, 13:21 PM