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 llc budget meeting october 2008

Lots of Tender Loving Care, LLCBudget MeetingOctober 2008

Tina Rogers

Faith Trimble


Reach top of the industry child care quality 2006 goals

Reach top of the industry child care quality: 2006 Goals


Reach financial stability transparency 2006 goals

Reach Financial Stability & Transparency: 2006 Goals


Distribution of expenses

Distribution of Expenses


Wages benefits 2008

Wages & Benefits2008


Budget highlights

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

Rate Comparisons (assuming 4% increase)


3 vs 4

3% increase: $255 average cash flow/month

4% increase: $710 average cash flow/month

3% vs 4%


Other options to consider

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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