Fundamental budgetary knowledge

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Reference no: EM133556505

Question 1

Explain the role of the ECE administrator/director as it pertains to the management of staffing and program oversight as you have learned thus far in the course. Use specific examples to support your answer.

Question 2

____________ is a type of income that is paid by the government on behalf of low income families needing childcare.

a. Cash tuition

b. Public assistance

c. Operating material

d. Collections

Question 3

A/an ________ is a staff member who is brought in to cover staff lunch breaks or rooms that are operating out of ratio.

a. Functional area

b. Floater

c. Capital cost

d. Accrediting body

Question 4

Match each functional area to its recommended percentage of the overall expenses.

Childcare and teaching

Administration and Supervision

Food Program

Occupancy

Other

a. 50% to 60%

b. 10% to 20 %

c. 5% to 20%

d. 12% to 20%

e. 6% to 19%

Question 5

Which of the following is not a type of ECE income?

a. Cash tuition

b. Public assistance

c. Educational materials

d. Grants or loans

Question 6

It is sound budgetary practice to not have a policy on children's vacation or absences.

True

False

Question 7

Every ECE director needs fundamental budgetary knowledge.

True

False

Question 8

It is sound budgetary practice to take out loans regularly to cover operational costs for an ECE center.

True

False

Question 9

Which of the following is not an operational material?

A. Diapers

B. Food

C. Art materials

D. Clothing

Question 10

Doing an attendance audit of a room can help the director calibrate staffing needs.

True

False

Question 11

Not for profit and for profit ECE centers will have the same budgetary needs and considerations.

True

False

Question 12

The regulations for licensing are generally upheld by a _____________ body, office, or organization.

State

County

Accrediting

National

Question 13

Parents should be apprised of regulations through which of the following means?

Verbal warnings

Referral to an agency website

A center handbook

A parenting class

Question 14

Which of the following is not an area of regulation in the ECE center?

Health

Safety

Parent profiling

Transportation

Question 15

Center staff should be trained on _______________ administration to young children, such as nebulizers and pain relievers.

Surgical

Financial

Medication

Benefit

Question 16

A _________________ can involve noting specific ailments, such as a bruise, scratch, or a cold.

Daily health check

First aid training

Letter to the parent

Question 17

The director will never need to handle conflict in the ECE center.

True

False

Question 18

The center director is the primary point person for upholding regulations in the center.

True

False

Question 19

What is one reason it is important for an ECE center director or administrator to develop their staff?

Development helps keep staff engaged and refreshed

To encourage staff to move to opportunities outside the center

The director will have to do less work if the staff is developed

Question 20

Which of the following is an operational necessity in the ECE center?

Healthy food

Toys

Art supplies

All of the above

Question 21

The budget of the center does not impact families.

True

False

QUESTION 22

In this week's lesson, we reviewed budgeting in the Early Childhood Center. As mentioned at the beginning of the lesson, budgetary responsibilities might cause anxiety for people who are interested in becoming center directors or administrators but do not have a background in finance.

However, if you have worked in or observed a center of any size, it is likely you have experienced the consequences of poor budgetary planning. Or conversely, perhaps you have had experience working in or observing a childcare center where sound budgetary practices have allowed the center to flourish.

Consider one of the budgetary aspects discussed in this week's lesson and explain to the class how you have seen its impact, positive or negative, in a childcare center.

If the impact was positive, analyze and report how you would implement similar practice in your center.

If the impact was negative, strategize how you would establish practices that would help you avoid having similar issues in your own center

QUESTION 23

As we approach the mid-point of this course, now is a good time to share some feedback. In your own words, reflect on your progress thus far and then answer the following:

Summarize how you are feeling about your progress in this course.

State what your expectations are from me going forward.

Reference no: EM133556505

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