Explore ways to use budgets as effective financial planning tools.

Review the Sample Budgets for Happyland Child Care Center (page 14, 17 and 18 in this week’s readings). Please respond to the following:
Identify and describe two ways that the director at Happyland Child Care Center can adjust her budget planning sheet to increase the annual tuition fees.
Imagine that she has two other sources of income that she can include into the sample budget, what would these be?
Assuming that she is overspending in two areas, what would you suggest that she re-evaluate? Why?
Imagine that she also has three additional item lines that she must add to the “Total Other Expenses” column for the sample budget on page 14, what would these be and why would you suggest that she add them?
This discussion addresses the following unit learning outcomes:
Explore ways to use budgets as effective financial planning tools.
Describe cost-saving measures to address differences in estimated and projected budgeting.
It also addresses the following Course Outcomes:
CE370-1: Identify sound policies and management systems that support efficient operations and focus on maintaining and improving the quality of early childhood environments.
CE370-3: Apply principles of sound financial planning to develop, manage, and review operational budgets for early childhood programs.

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