Objective: To create a sample program personnel budget and to evaluate your
budget.
Scenario:
You are the director of a small center, Child Time, and forecasting for
your upcoming year. Your program will have three classrooms open,
each projecting to be full: two toddler rooms of eight children and a
preschool room of 18. All three rooms will need two teachers the
entire hours of operation, 9:00 am to 5:00 pm. You need to create an
annual budget that considers the expenses of six teachers plus you
(adding in 25% for fringe benefits to base salaries) to the income
generated by tuition. Current rates are $175 per week for toddlers
and $150 per week for preschoolers.
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1. Create a spreadsheet to calculate the average hourly rate you can
pay all of your teachers and yourself, which includes the percentage
of total income you are spending on payroll.
2. Describe and justify how your budget would improve teaching and
learning in the scenarios