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Fiscal and Business Services
Final Project for EDUC 406
Sunny Dawn
April 26, 2013
Budget Development and Administration Family and Friends Licensed Day Care
This project will be centered on an effort of my family to own/create a day care with 10 to 15% CSPP funding 5 to 7 years after my administration track in public education. Furthermore a long range plan of having the day care transform into a private day care to early childhood school is part of the vision.
My family is a family of educators. I am one of 5 educators in the family. The people who will be central people involved in opening our day care would be my sister and I as Co-teachers/Directors. This report will have a pro forma budget with a start up budget and operating budget.
Sections will include:
ü Mission/Vision
ü Overview including Crude Rule of Thumb for Planning
ü Staffing/Number of Children/Comparison of Types of Preschool Options
ü Pro forma Budgets: Start Up and next two additional years budget
ü Summary and Future Ideas around Subsidized Childcare numbers and Transitional Kindergarten with Private Schooling TK-2 Ideas
ü Appendix of Samples: Deviations Analysis: Yearly, Monthly, Weekly Summary
Mission/Vision of Family and Friends
Mission
We are a preschool for 3 to 5 years old that believe in teaching to the whole child. We have a program that is age and developmentally appropriate which encourages and fosters a love of learning. Goals: To create an environment where families feel supported and the home school connection is cherished. Family and Friends will have students immersed in a curriculum that has meaning and wonder to them which create the first steps to literacy and higher order thinking skills using Reggio Emilia similar found in Bay Area schools such as, Oakland Garden School for Children and Duck Nest’s Preschool, as well as continue the Pre K skills found Browns Valley Preschool in Napa, CA.
Vision
To start off as small private day care, Reggio Emilia philosophy based preschool in Napa/to June) with 10 to 15 students. After first year, resume in August increase enrollment and have different location with one employee. Long term plan, private school with 10% subsidized care with plans to open a TK – 2nd grade enrollment, hiring a total of 3 teachers, 2 aides and 2 to 3 mentees from Napa Valley College Teacher’s every other semester. Sonoma Valley. Using a church or recreation center for first 6 to 9 months (September
Overview
Goal by end of 3 years: 24 Kids 15 Full Time: 3-5 year olds 9 Part Time: 3-5 year olds
Start Up year: 15 Full Time Students, 2 Teachers. “You should consider not getting paid for first 2 months of start or during planning and look into a church for the first year. Eventually 10% of your private childcare is subsidized and you can still make a profit or break even.” Beth Chamberlin.
“Before making the budget it may be helpful to think about costs and their feasibility through some crude planning formulas. Richard Roupp offers a quick way of guessing at the order of magnitude of your day care center’s cost:
1. What a teacher should be paid
2. Ratios
3. Divide Teacher by # of children
4. Multiply that number by two (since classroom staff are about half total budget)
(Morgan, 1982):
Summary of Family and Friends
YEAR ONE budget/start up
The first month will be in kind labor from two teachers. Need 10 students to 15 students by 3rd month to break even with projected salaries starting as follows:
2nd Month of Family and Friends Director (Teacher Number one) Paid: 2,222 per month for 8 months (October to June)
3rd Month of Family and Friends Director (Teacher Number two) Paid: 2,222 per month for 7 months (October to June)
Salaries 1st Year are $25,000 per teacher (for 2 teachers who are family)
Our 1st Year: Enrollment Total Revenue needed to break even: $119,000.00
Best Outcome based on 1,200 per month X 15 students X 9 months
YEAR TWO budget
Hours and Days of Operation: 8 hours at 242 Days
Numbers to work with:
Full Time Daily Rate of reimbursement for 3 to 4 year olds is $34.38
Staff:
2 Teacher/Directors at $45,000 yearly salary
.75 Bilingual Teacher $14/hour for 15 hours per week plus retention bonus at end of year
Comparison of Types of Preschool Options and Budgets
Need Block Grant of $ 200,000 or operating budget of $212,000 to $216,000
Budget
Comparison of Types of Preschool Options and Budgets
Hours and Days of Operation
8 hours at 242 Days
Numbers to work with:
Full Time Daily Rate of reimbursement for 3 to 4 year olds is $34.38
Full Time Bilingual Teacher $14/hour
.75 Time Aid
$10.50/hour
Need Block Grant of $ 200,000 or operating budget of $212,000 to $216,000
Appendix/Future References
ü Appendix of Samples: Deviations Analysis:
ü Yearly
ü Monthly
ü Weekly Summary
Summary
Most of my ideas came from my interview with my sister (co-worker) CC Woods and her boss, Beth Chamberlin. We were able to talk about ideas surrounding starting a Reggio Emilia Style preschool knowing the rates affordable to families who enroll their children in private preschool in the Napa Valley.
The school is based on the first 3 months of volunteer labor on from myself and my sister as well some family members for janitorial service/carpentry. There will also be a church involved who can’t charge us more than 1,000 per month after the first 2 months.
Once we make it past the first year on a very small salary then hopefully we can increase with 1 staff member as well as double our salary. CC and I have a great reputation in the area as educators and word travels fast, which we are counting on.
Eventually after being stable for 2 years increasing enrollment to 24 total students plus15 part time students is the goal. Visions of creating a private Reggio Emilia school is a possibility with how positively charter and private schools are doing in the Napa Valley Area. Beth Chamberlin said due to my elementary experience and if I have principal knowledge having the Pre-K transition would probably be very easy especially with TK state mandates taking affect with Gov. Brown in office.
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