https://youtu.be/rlBk0CH1rYY Review the budget in the document on the next slide. Using your knowledge that you have
Question:
https://youtu.be/rlBk0CH1rYY
Review the budget in the document on the next slide. Using your knowledge that you have gained so far, answer the questions in your journal. Provide as much detail as possible to explain your answers.
Budget Dilemma Activity
Your dilemma:
You have been asked to reduce your operating budget by $15000.00 from $284,764.00 to $269,764.00. Your expenditures are listed below.
In the journal area, answer the following questions.
- Where will you cut back?
- How? Why?
- What are the implications of your cuts?
Consider the following budget:
Rent $ 25,000
Utilities $ 9,000
Telephone $ 500
Insurance $ 1,000
- Program Equipment
- permanent $ 2,500
consumable $ 1,500
Food $ 12,000
Salaries ** (see below) $ 230,264
Accountant $ 500
Professional Development $ 2,000
Office Supplies $ 500 _________________________________
Total $ 284.764
**Salary Information: $230,264**
Preschool Room (16 children)
- ECE Head Teacher $ 45,748
- Untrained $ 29,913
Toddler Room (12 children)
- ECE Head Teacher $ 45,748
- ECE $ 38,142
- Untrained $ 29,913
1 part-time person (4 hours per day) $15,400
Cook part-time (4 hours per day) $15,400
Housekeeper part-time (4 hours per day) $10,000
CCEYA Find where the information regarding financial records of a licensed child care program is covered, and note the regulation number.
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain