Budget
Budget
What is a plan for earning revenue and spending?
Type of marketing referring to new families, existing families, past families, and staff.
What is internal marketing?
Assets, Liabilities, and Net Worth
What are the key components of a balance sheet?
"Are you pregnant?"
"Are you married?"
"Are you a U.S. citizen?"
What are illegal questions you cannot ask during the interview process?
Processes to help manage risks in business
What are internal controls?
85% capacity.
What is the recommended percentage of capacity that providers should budget for enrollment?
Websites, social media, email, word of mouth, community relationships/partnerships, and phone are all examples of this type of tool.
What is marketing?
Suggested occurrence of reviewing cash flow statements.
What is monthly?
Timeframe to consider regarding a new employee orientation process.
What is 90 days?
This is a step in the internal controls cycle.
What is....?
Review processes & assess risks
Make adjustments to manage risks
Communicate new processes to others involved
Monitor processes
Two sources of income for providers.
What are.....?
-Tuition and fees
-Subsidy
-CACFP
-Donations and In-kind
-HS/EHS Partnerships
Term referring to the EXPERIENCE your families can expect from your program.
What is "benefits"?
Estimate versus what actually occurs.
What is the difference between a budget and an income statement?
Resource offering a complete staff handbook you can edit and fit to your program's needs.
What is the Provider Resource Hub?
Involving more than one person in a business activity is called.
What is separation of duties?
This is the first step in the budget process.
What is review the previous years’ financial reports?
This can be conducted yearly to assess community factors that may impact your program.
What is an environmental scan?
Revenue – Expenses = Net Income
What is net income formula?
Term referring to groups of people with similar characteristics safeguarded by federal law.
What is "protected classes"?
Protecting assets and ______ are both main goals of strong internal controls.
What is preventing mistakes?
This should be what budget decisions are based on.
What is data?
One way to engage in critical marketing to staff is to ________ instead of manage (fill in the blank)
What is "lead"?
The income statement may also be called the ______ and _______statement.
What is Profit and Loss?
This lies at the core of staff recruitment; providing the architecture for the entire system of recruiting, hiring, orienting and managing performance?
What is a job description?
A data protection set of policies and procedures should be in place for what type of data.
What is sensitive paper files and electronic information?