Author Question: Identify three factors on which tuition should be based. What will be an ideal ... (Read 58 times)

maegan_martin · **on:** Sep 15, 2018

Identify three factors on which tuition should be based.

What will be an ideal response?

Question 2

Name 2 financial reports that funders may require at financial meetings.

What will be an ideal response?

Question 3

What is a foundation and how do foundations benefit child care centers?

What will be an ideal response?

Fayaz00962 · **Reply #1 on:** Sep 15, 2018

Answer to Question 1

ANSWER:
Tuition should be based on the amount needed to meet professional commitments to staff, 2) the amount that is reasonable in terms of the type of program offered to families, 3) the amount charged by comparable centers in the area.

Answer to Question 2

ANSWER:
1) Center enrollment report; 2) account receivables; 3) budget variance report; 4) statement of financial position; 5) income statement; 6) YTD operating budget; 7) monthly financial report;

annual profit and loss report.

Answer to Question 3

ANSWER:
A foundation is a fund administered by trustees and operated under state or federal charter. Foundation funds sometimes are made available to child care centers for major equipment purchases or for a special project. Occasionally, a foundation will provide funds for building or remodeling a facility or for training staff. Foundation support for a program depends on whether the trustees of the foundation have declared education, or more specifically, early childhood education, as an area of interest.