E9-19A Service revenue budget for a not-for-profit organization (Learning

Objective 2)

Spring Garden Preschool operates a not-for-profit morning preschool. Each family pays a

nonrefundable registration fee of $120 per child per school year. Monthly tuition for the

eight-month school year varies depending on the number of days per week that the child

attends preschool. The monthly tuition is $125 for the two-day program, $150 for the

three-day program, $165 for the four-day program, and $180 for the five-day program .

The following enrollment has been projected for the coming year :

Two-day program ............................. .................... .................................. .

Three-day program .......... ................. ............. .......... .......... ................. ... .

Four-day program ....... .......... ................. ............. .......... .......... ............... .

Five-day program ................................................................................... .

78 children

44 children

56 children

20 children

In addition to the morning preschool, Spring Garden Preschool offers a Lunch Bunch

program where kids have the option of staying an extra hour for lunch and playtime. The

preschool charges an additional $2 per child for every Lunch Bunch attended . Historically,

half of the children stay for Lunch Bunch an average of 15 times a month .

Requirement

Calculate Spring Garden Preschool's budgeted revenue for the school year.