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Author Question: Explain the difference between a start-up budget and an operating budget. What will be an ideal ... (Read 161 times)

karen

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on: Sep 15, 2018
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?


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annierak

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Reply #1 on: Sep 15, 2018
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

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Reply #2 on: Sep 15, 2018
Thanks


annierak

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Reply #3 on: Sep 15, 2018
Welcome :)


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