Exam 11: Budget

Fringe benefits include unemployment insurance and vacation pay.

Expenses over which the director has some measure of control

Supplies and materials are a __________ expense.

Staff salaries comprise the _____________portion of a budget- on average about ____ percent __________.

MATCHING a.a statement of goals for one year, stated in financial terms b.a schedule for compiling budget data c.expenses that vary and over which the director has some control d.expenses that do not vary, or change very little, over periods of time e.mandated or voluntary benefits that are added to personnel expenses f.largest portion of the budget g.nonexpendable items that are not replaced in a short period of time h.costs that cover rent or mortgage payments of the building i.major source of income j.the number of children who must be served in a program to generate enough income to cover costs -fixed expenses

Some programs charge fees above the tuition fee.They are __________, __________, and __________.

The line item that includes all meals served at the school is called __________.

MATCHING a.a statement of goals for one year, stated in financial terms b.a schedule for compiling budget data c.expenses that vary and over which the director has some control d.expenses that do not vary, or change very little, over periods of time e.mandated or voluntary benefits that are added to personnel expenses f.largest portion of the budget g.nonexpendable items that are not replaced in a short period of time h.costs that cover rent or mortgage payments of the building i.major source of income j.the number of children who must be served in a program to generate enough income to cover costs -budget calendar

MATCHING a.a statement of goals for one year, stated in financial terms b.a schedule for compiling budget data c.expenses that vary and over which the director has some control d.expenses that do not vary, or change very little, over periods of time e.mandated or voluntary benefits that are added to personnel expenses f.largest portion of the budget g.nonexpendable items that are not replaced in a short period of time h.costs that cover rent or mortgage payments of the building i.major source of income j.the number of children who must be served in a program to generate enough income to cover costs -space costs

Budget records should include

According to the Children's Defense Fund, the average salary of a child care worker is only $15,430 per year.

Art materials and office and cleaning supplies are classified as variable expenses.

A child care center of almost any type is a form of __________.

According to the Children's Defense Fund, child care workers earn more than

MATCHING a.a statement of goals for one year, stated in financial terms b.a schedule for compiling budget data c.expenses that vary and over which the director has some control d.expenses that do not vary, or change very little, over periods of time e.mandated or voluntary benefits that are added to personnel expenses f.largest portion of the budget g.nonexpendable items that are not replaced in a short period of time h.costs that cover rent or mortgage payments of the building i.major source of income j.the number of children who must be served in a program to generate enough income to cover costs -fringe benefits

Variable expenses are those over which a director has some control.

Who is the person primarily responsible for seeing that a program stays within budget?

Liability insurance costs tend to be decreasing.

Fixed expenses are those that do not change over long periods of time.

It is not important to determine what neighboring schools are charging for tuition.