The Business of Child Care Management and Financial Strategies

by Jack, Gail H

• ISBN13: 9781401851804
• ISBN10: 1401851800
• Edition: 1st
• Format: Paperback
• Copyright: 2004-08-27
• Publisher: Cengage Learning

Summary

Child care administrators will greatly value the business skills detailed in The Business of Child Care: Managment and Financial Strategies. With particular focus on managing enrollment, recruiting and retaining staff, budgeting, financial record keeping, and decision making, this book details the critical business elements needed to run a child care center as a financially stable enterprise. The reader will learn how to successfully complete business tasks more quickly and accurately, with greater understanding and more enjoyment, by focusing on the most important tasks of an administrator. The accompanying CD-ROM offers easy-to-follow financial spreadsheets that can be implemented in any child care setting.

Table of Contents

Dedication	p. iv
Preface	p. v
Acknowledgments	p. vi
The Child Care Administrator: Who You Are, How You Manage	p. 1
Management Styles	p. 1
Working with Staff and Why We Should Care about Our Staff	p. 5
Working with Parents and Why We Should Care about Our Parents	p. 8
Working with Management and Why We Should Care about Our Managers	p. 10
References	p. 12
Enrollment, Staffing, and Tuition Fees	p. 13
The Importance of Enrollment	p. 13
Determining Your Capacity	p. 14
Maintaining High Enrollment	p. 16
Determining Your Fee Structure	p. 18
Putting It All Together and Keeping It There	p. 30
References	p. 30
Helpfull Web Sites	p. 31
Staffing: A Guide to Recruitment and Retention	p. 32
Making Your Program a Good Place to Work	p. 32
Determining What You Need, What You Want, and What You Can Afford	p. 32
Finding Qualified Staff	p. 37
Hiring	p. 39
Personnel Policies and Procedures	p. 42
Their Good Things for Staff	p. 47
References	p. 49
Helpful Web Sites	p. 49
The Budget	p. 50
The Basic Budget	p. 50
Expense Components	p. 52
Revenue Components	p. 62
What Next?	p. 71
The Budget as a Planning Tool	p. 72
Using Your Budget	p. 72
Estimating Monthly Budget Amounts	p. 72
Tracking Revenue and Expenses Month to Month	p. 79
Understanding Variances and Problem Solving	p. 83
Thoughts on Cost Savings	p. 100
Financial Record Keeping	p. 101
The Reasons Why We Want to Keep Good Financial Records	p. 101
Accrual versus Cash Basis of Accounting	p. 102
What Documents to Keep	p. 103
How to Keep Your Financial Records	p. 111
Fiscal Year-End	p. 118
Financial Record Keeping 101	p. 118
Reference	p. 119
The Decision-Making Process	p. 120
Who Is Making the Decisions?	p. 120
What Is Inclusive Decision Making?	p. 122
What Inclusive Decision Making Looks Like: Four Examples	p. 123
Teaching Yourself to Let Go	p. 127
Reference	p. 127
Employee Performance Review Forms	p. 128
Staff Pre-Conference Questionnaire	p. 128
Goals Planning	p. 129
Staff Action Plan	p. 130
Spreadsheet Terminology	p. 131
Useful Web Sites	p. 134
Glossary	p. 135
Index	p. 136
Table of Contents provided by Rittenhouse. All Rights Reserved.