Sample Budget Form - Childcare Page 2

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• Will you need substitutes for staff illness and/or vacation?
• Will you need to hire staff for meal preparation, building maintenance, transportation,
landscaping, and/or snow removal?
• Include cost of hiring substitutes for 20 days per year.
Salary Detail
Director’s Annual Salary FT
$ 35,000
Head Teacher’s Annual Salary FT
$ 28,000
Assistant Teacher’s Annual Salary FT
$ 24,000
Aide’s Annual Salary FT
$ 15,000
Secretary’s Salary—50% time, 20 hours per week
$ 15,000
Substitutes—$15/hour 3 8 hours/day for 20 days/year
$ 2,400
PERSONNEL EXPENSES
1 Director
$ 35,000
4 Head Teachers
$ 112,000
4 Assistant Teachers
$ 96,000
4 Teacher’s Aides
$ 60,000
Personnel Sub-Total
$303,000
Fringe Benefi ts
• Calculate:
FICA
Unemployment compensation
Workers’ compensation
• Determine whether you will off er such additional benefi ts as:
Health insurance
Tax deferred annuities
Child care
Paid sick time
Paid holidays/vacations
Approximately 25% of
Total 5 $75,750
Cafeteria plan
Approximate Cost of Fringe Benefi ts
Personnel Total
$ 378,750
OPERATING EXPENSES
Activities—Based on $25 per child per year
$ 1,600
Advertising
• Business cards
• Advertising
$ 1,500
• Distribute fl yers and/or brochures
Audit
$ 1,200
Books and Subscriptions
$
600
Contingency Fund—recommend no less than 3% of operating budget
$ 14,000
Dues and memberships
$
250
Equipment—Major (Equipment lasting longer than two years, $500 or more,
anything you can depreciate)
F I G U R E 1 0 - 1
Sample budget form (continued).
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3/12/10 5:47:55 PM

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