A budget consists of ____. - Answers a list of income and expense categories, and dollar
amounts for each category
According to your text, the mean annual salary for preschool teachers is - Answers $32,000
A center can expect to spend approximately ___ of its operating costs
for center staff and personnel. - Answers 70%
A center should have a financial plan that includes ___. - Answers both policies and procedures
The cost per child of operating a center can be determined by ___ - Answers dividing the total
cost of running the center by the number of children enrolled
The two major components of a financial plan are ___. - Answers a system for managing
financial resources and obtaining adequate funding
Grants, Small Business Administration websites and The Foundation Center's website are all
excellent sources of - Answers funding
In determining the amount of funds needed to run a program, a (n) ___ is useful. - Answers break
-even analysis
One realistic way to assist families who enroll two children at a center is to offer ____. - Answers
a second child discount
The director should prepare or receive a budget comparison report ____ - Answers monthly
When the center is largely dependent on tuition for operating funds, the budget should have
at least a _____ vacancy rate built in. - Answers 3% to 8%
Directors who are successful with fund-raisers ___ - Answers promote the benefit to be derived
from the contributor's dollars
Documenting training of staff is an effective way to reduce the likelihood of being sued. -
Answers True
One critical issue facing the preschool system is - Answers whether public schools should take
over education of the Pre-K program or leave that to the centers that already exist.
Some centers help parents who are unable to afford tuition by establishing a scholarship fund
whose monies are supported by ___. - Answers all of the above