In the book, Managing Money in Early Childhood Organizations, Roger Neugebauer writes:
“A director draws up a budget for which projected income equals projected expenses. However, the budget will inevitably fail because faulty assumptions were made in projecting both income and expenses.
The most common mistake here is to project income by multiplying weekly fees by the number of spaces in the center by the number of weeks the program is open. This does project the center’s maximum potential income if every space is filled for every week, but this will never happen!...
Centers often under-project expenses by failing to include certain line items altogether. Most frequently neglected are expenses for staff training, leave time, salary increases, fuel cost increases, and major appliance repair…”
in Early Childhood Organizations
are only $19 for a limited time!
Administrators of early childhood programs must be as effective at managing financial matters as they are at caring for young children and their families. Managing Money in Early Childhood Organizations provides you with practical advice from top experts on every aspect of money management, including budgeting, fundraising, financial reporting, cash flow analysis, audits, salary schedules, fee policies, collection techniques, and more.
Offer valid through August 7, 2019 at 11:59 pm Pacific Time.
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I recently got this book and am just devouring it with great interest. I've been managing a Centre for over 35 years and consider myself a good manager. And still I found so many helpful and brilliant ideas in this book. I would recommend it to others in a heartbeat.