Explain the difference between a start-up budget and an operating ...

[karen]

Explain the difference between a start-up budget and an operating budget.
 
  What will be an ideal response?

Question 2

What is an in-kind contribution?
 
  What will be an ideal response?

[annierak]

Answer to Question 1

ANSWER:
A start-up budget consists of all the expenses incurred in starting the center, such as initial building expenses, building renovation, rent deposit, purchase of major equipment, cost of publicizing the center, telephone service deposit, utility charges during start-up period and salaries for personnel needed to assist in opening the new center.

An operating budget consists of an income and expense plan for one year and is used when centers enroll children and begin the programand annually thereafter.

Answer to Question 2

ANSWER:
An in-kind contribution is a donation of services or goods rather than a monetary contribution.

[karen]

Thanks

[annierak]

Welcome