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.