Lots of tender loving care llc budget meeting october 2008
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Lots of Tender Loving Care, LLC Budget Meeting October 2008 PowerPoint PPT Presentation


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Lots of Tender Loving Care, LLC Budget Meeting October 2008. Tina Rogers Faith Trimble. Reach top of the industry child care quality: 2006 Goals. Reach Financial Stability & Transparency: 2006 Goals. Distribution of Expenses. Wages & Benefits 2008.

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Lots of Tender Loving Care, LLC Budget Meeting October 2008

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Lots of Tender Loving Care, LLCBudget MeetingOctober 2008

Tina Rogers

Faith Trimble


Reach top of the industry child care quality: 2006 Goals


Reach Financial Stability & Transparency: 2006 Goals


Distribution of Expenses


Wages & Benefits2008


Proposed rate increase for all classes: 3% or 4%

Kindergarten rate increase 30% effective July 1, 2009

Minimum wage increase of .48 cents

Staff receive COL/performance increases

Add “sub” staff person

Medical benefits increase (assume 22%)

Business transitions to non-profit status; applies for 501c3 tax exempt status

Independent audit to be conducted

New equipment to be purchased w/o grant funds

Grocery/supplies increase (assume 8%)

Additional training provided to director/staff to meet goals

Budget Highlights


Rate Comparisons (assuming 4% increase)


3% increase: $255 average cash flow/month

4% increase: $710 average cash flow/month

3% vs 4%


Other Options to Consider

  • Registration fees increase

  • Annual fees increase

  • Rate increases variable by class room

  • Grant funding

  • Legislative changes

  • Policy changes (no meals, no wipes, etc)


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