What we have-In the cash flow budget, we start with $100,000 at the beginning of the month each month. Our beginning revenue and income came from tuition and fees. The total cash payments from January through December was $100,000. In May and November our biggest income came in from tuition and fees, plus event income of $50,000, and from foundation support of $400,000. For the cash flow budget to stabilize each month over the annual budget year, we need to at least start off with $180,000 for the first four months, from about January to April. This is so that cash spending will remain steady for the remainder of the year. The idea of $180,000 during the first 4 months will hopefully lessen any cash flow and spending short shortfalls over the year, while adhering to the board of director’s goal of at least $80,000 at the end of each month.
As the budget stands right now, we are going to have a $100,000 deficit at the end of the year. This doesn’t leave much money for the safety margin or starting up the preschool program
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This way we are keeping any eye on or salary and wage expenses. A suggestion for increasing and stabilizing the preschool program budget could be to move the foundation support to the earlier part of the year. For example, the foundation supports could be in January and July instead of May and November, that way the biggest income happens at the beginning of the year and we could evaluate making any needed changes to the budget to avoid a monthly cash shortfall, cutting necessary expenses, and having to borrow money that the organization cannot pay back the next year. Another suggestion could be to request the foundation support for the year in one lump sum payment instead of receiving it in two payments. That way the organization would have the money upfront instead waiting to apply the fund in that future
I reviewed past 4 years of actual pay for the Other Salaries & Wages at the Chisholm Center. The most of we pay for the Other Salaries & Wages was $39,650.15 that includes the 2 Gym Supervisors and Tutor at the time. I think additional $20,000 for the summer part-time worker is enough for the Other Salaries & Wages for the FY17-18. If you spend more than $20,000 for Other Salaries & Wages in FY17-18, we can do the budget amendment to increase the
Case II is a continuation of Case I. In this case you will convert the line-item budget developed in Case I into a functional budget. Then you will employ further information to create a flexible budget. Refer to the Case I Solution for data.
The purpose of this simulation is to properly disburse the capital budget funds for the next year at Connecticut Valley School. With the seven priorities listed, some will bring in money while others will not. Ranking is done by what will bring profit into the school quicker and that money will go toward other projects at a later time. Also, to focus on things that more less need to be fixed to ensure safety for students and staff. This year’s capital will be spent towards funding for a swimming pool, renovations to fine arts building, new roof for the hockey rink, wood chip heating system, upgrading the computer lab, new buses, and lastly renovations to the women’s locker room.
The first issue which needs to be addressed is to perform a monthly cash flow analysis for the fiscal year ending December 31st, 1990. Robert & Alex would like to open up their own restaurant/brew pub with $200,000 of their own money and with the use of external financing to finance the rest of the company until excess cash flows remain stable and positive.
Since Terrance had already had a child center this should be easy for him to get a fund. He can start to look up funds like small child care business with five or fewer employees that requires an initial capital of $35,000 or less of First Children's Finance. A other organizations he can look at is First Children's Finance It provides loans to new child care centers and family child care providers in selected areas. It also supports expansion, quality improvements and operations of existing programs. Its many way that he will find fund. Federal and state governments can help pay for child care. Does funding are the best for Terrance federal, state, and any local
Here is a rundown of the variables we used to first determine the cash flows for Years 0 through 10: depreciation of equipment over the 10 years, sales minus COGS to identify gross profit, summed expenses (advertising, start-up, and Jell-o erosion only; the test market expense in Year 1 is considered a sunk cost and thus should not be included), and subtracted taxes to come up with the cash flow. When assessing the below issues, the team concluded the following
A budget requires an organized layout that categorizes revenues and expenditures within particular funds to account for operations, administration, student services, salaries, benefits, transportation, and curriculum development, to name a few. The four funds for budgeting are the General Fund (10), Special Revenue Fund (20), Capital Fund (30), and the Debt Service Fund (40). Categorizing items into funds facilitates the budgetary process by grouping revenues and expenditures to compare expenses and make adjustments to meet educational goals as needed.
In general, the first operational year of any business can be stressful and a bit perplexing. In most circumstances, the first year for any new daycare center will be a period of low enrollment. This means we may be facing insufficient income to meet your expenses. Yet, the budget had not taken into consideration any potential loss in the income that might happen. Nevertheless, according to the loss scenario, we face a significant loss in the income about 44,740$ less than the anticipated income, which causing a shortage in the budget about 18,452$ less than the anticipated spending. Eventually, this shortage in the income would certainly has a significant effect on the cash flow for the rest of the year. Indeed, if the administrator does not
This makes it hard for low-income families and their children to get the adequate education they need to strive. Head Start also experiences a lot of turnovers within staff because there is not enough funding for the programs to pay their staff competitive wages that they need to stay instead of leaving for higher paying jobs. Thus, funding for Head Start should be increased to increase the number of teachers therefore making it possible to add more spots for children and their families into the current programs and for more optimal pay for the staff. Consequently, expanding this program and making it more accessible to low-income children and families who are in need of
There has to be a way to make the funding equally between head start and per school students, the universal Pre-kindergarten (Pre-K) fight will help make this happen. There are people helping the mayor with his vision for universal Pre-K, one of them is the William peen foundation. While reading the article Major Investment in Early Childhood Education Moves Philadelphia Closer to Universal Pre-K, it helped me understand why the Mayor is fighting so hard for universal Pre-K. “Today, the William Penn Foundation (WPF) announced an additional $15 million grant to fund for quality, the local initiative that provides capital and planning services for the expansion of high-quality early childhood education
This model allows us to further examine the effect a decrease in government spending (g) has on a child’s success (S) and attendance (a) at Head Start. Examining the elasticity of government spending (g) allows us to examine what may happen when the $9 billion budget is cut to Head Start. If government spending (g) decreases the child’s success (S) will also decrease. Also, examining the elasticities, this reduction in government spending will also reduce the child’s attendance (a) at Head Start. Examining this elasticity makes sense; a reduction in funding would mean fewer classroom materials and pay cuts towards the teachers of Head Start. The classroom materials used at Head Start is essential for a child’s success (S) and learning.
The system is fully based on the foundation grant. This grant ensures that all the necessary costs such as teachers, textbook, school supplies, classroom supplies, etc.. are met in order for a student to have a proper education. In other words “to bring expenditures up to a minimum level in order to provide the education program adequately” (Ontario education funding, 2018, p.5) Could the current grant system be improved? The current system is perfect, judging from the grant allocations, over the years everything is increased for instance special education grant was $2.04B in 2007-08, in 2014-15 it became $2.72B, and for this year special education $2.86B.
Goals Ever since I was a young girl I desired to be a teacher, I always played “school” with my little brother and I was the teacher every time. I worked very hard in high school to receive certifications that I needed to be a successful preschool teacher. While in high school I received a 90 clock-hour certificate for preschool teaching, and I jumped right into the career. While at my first day care teaching job, I went back to school to receive my 45 clock-hour certification for infants and toddlers.
Universal preschool is an initiative being discussed and the United States government has been trying to allocate money to put this practice into place in states across the country. It would give access to quality preschool education to all families for free or a very low cost. Because of its free or low cost, it would be extremely beneficial for those families who are at risk or in the lower class. These families generally cannot afford to send their
Looking at the analysis above, cash budget is important for Doomy Corporation to have, because it ties all of the rest of Doomy’s planning down to numbers and also timing. Also it is the roadmap where they believe they want to go so it helps them set goals in terms of what revenue