To create a sample program personnel budget and to evaluate your budget. (A sample has been attached to guide you in the process).
You are the director of a small center, Child Time, and forecasting for your upcoming year. Your program will have three classrooms open, each projecting to be full: two toddler rooms of 8 children (in each classroom) and a preschool room of 18. All three rooms will need two teachers the entire hours of operation, 8:00 am to 6:00 pm. Teachers can work no more than eight hours per day, meaning you will need additional coverage during the day in each room. You need to create an annual budget that considers the expenses of six teachers plus you (adding in 25% for fringe benefits to base salaries) to the income generated by tuition. Your goal is to keep the percentage of your budget spent on personnel at 70% or below.
Create a spreadsheet to calculate the average hourly rate you can pay all of your teachers, assistants and yourself, which includes the percentage of total income you are spending on payroll. This spreadsheet also needs to include what you are charging for tuition for each age group.
Self-Reflection: 50 points
For your budget, explain how this budget addresses the issues in the scenario (40 points).
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more