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    Basics of Budgeting

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    1. EXPLAIN THE DIFFERENCE BETWEEN THE START UP BUDGET AND THE OPERATIONAL BUDGET

    2. PROGRAM PLAN
    A. START UP BUDGET/OPERATIONAL BUDGET
    B. FEE SCHEDULE/HOURS OF OPERATION(HOURS OF OPERATION IS 6A - 6P MON-FRI.
    C. FUNDING SOURCE ( MY FUNDING SOURCE IS THROUGH THE MARION COUNTY CCDF PROGRAM)

    D. FOOD COST ( I GET REIMBURSED THROUGH THE ADULT AND CHILD FOOD PROGRAM)

    E. WHY IS IT IMPORTANT THAT YOU SHOULD GAIN DIRECTION ON BUSINESS KNOWLEDGE?

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    Solution Preview

    1. EXPLAIN THE DIFFERENCE BETWEEN THE START UP BUDGET AND THE OPERATIONAL BUDGET
    A budget is defined as a comprehensive and coordinated plan expressed in the financial terms.

    The start up budget involves the expenses, which is related to the setting up of the institution. It involves:
    1. Preliminary Expenses related to the setting up of the institution.
    2. Cost of Agreement, framing of article and memorandum of association i.e. its bylaws, rules and regulations.
    3. Legal expenses and funds raising expenses.
    4. Purchasing of the Assets such as Land and building, furniture and other fixed assets.
    5. Printing & Stationary expenses related to the setting up of the institution.
    6. Receipts may be funds from ...

    Solution Summary

    This explains the basics of budgeting and other related concepts.

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