HD 422 Lecture Notes - Lecture 7: Cumulative Distribution Function, Civil Rights Act Of 1964, Whitebrook
Document Summary
Whitebrook in 1990: all families should have access to high quality affordable day care. Financial planning: may occupy up to 50% of a directors time, need to determine costs. Identify resources: staff, facilities, materials, equipment, need to determine sources of revenue/income to pay for the costs. Determining tuition: the largest source of income, start with rate for full time 3 year olds. Increase by 12%-18% for toddlers: decrease 2%-5% for 4 year olds. In 2014, average annual tuition for full time center based care for an infant: mississippi: ,822, massachusetts: ,062. In 2011, ratios and potential income per classroom: 2 teachers and 14 children, 3 year olds: weekly tuition . External funding sources: fundraising, sales of goods and services, plant sales, picture day, t-shirts, special events, 5k walk/run, concert, direct appeals, letter/phone, adopt a classroom, piece of equipment. Income must exceed outflow: for a center to remain in existence revenue must exceed expenditures.