Child care center financial planning and facilities development manual

Family Child Care Financial Planning and Facilities Development Manual National Economic Development and Law Center 2 This manual consists of five chapters, each of which addresses a key component of financial planning and the process of expanding or improving a family child care home. A summary of each chapter is listed below. Child Care Center Financial Planning and Facilities Development Manual 14 EXAMPLE A: Annual Budget Happyland Child Care Center Annual Budget for Revenue:* Parent Fees $, State Infant-Toddler Contract , Subsidy Programs , Child Food Program 45, Total Revenue $, Fundraising 21, Expense: Payroll $, Child Care Center Financial Planning and Facilities Development Manual: A revised and expanded version of the Insight Center Maneuvering the Maze materials. This Manual includes four detailed chapters designed to help child care center directors and owners manage the financial side of their businesses and plan for a facility development project including .

2 Planning for Professional Development in Child Care Please note: the planning process described in this manual is similar to, but not identical to, that required for developing and submitting a Smart Start strategic plan to the North Carolina Partnership for Children (NCPC). Child Care Center Financial Planning and Facilities Development Manual 8 Introduction Gaining a clear understanding of the financial side of a child care business will strengthen it significantly, and will help to: • Manage and plan the business better • Assess the readiness of the business to take on financing of a development project. are present at the center. 3A Definition of child care center (a) "Child care center" or "center" means any home or facility, by whatever name known, which is maintained for the care, development, or supervision of six or more children under 13 years of age who attend for less than 24 hours a day. 1.

The Financial Responsibilities of Day Care Owners. In the average cost for putting a child in a full-time day care center ranged from about $1, to $15, per year, according to Child Care Aware of America. While these numbers can seem lucrative to aspiring day care owners and directors, the numerous financial. This in-depth manual has be updated and expanded considerably. It is designed to help child care providers manage and understand the financial side of their businesses and to explain the steps involved in planning for and financing a facility development project like expanding, renovating, building or purchasing a child care center. (For more information about child care business plans, see the Child Care Center Financial Planning and Facilities Development Manual, Chapter 3: Developing a Business Plan available for order in Publications). Determine the start up/capital budget for the project including.