Goals and Objectives
• Define and identify key elements of an operating budget
• Identify key phases in the budget development process, including scheduling and other organizational issues
• Identify methods for working successfully with a team to develop an operational budget
• Demonstrate understanding of a basic formula for estimating cost per year per child
• Demonstrate understanding of the 10 Percent Rule
• Identify solutions to budget problems as demonstrated in case studies
• Identify the purpose of using a utilization rate to make revenue projections