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Volunteer Training Goals By the end of this training, you will understand: • the JA BizTown program overview. • your role and responsibilities necessary for a successful JA BizTown student visit. • the operation of the on-site simulation.
JA History Junior Achievement 1919 Founded 1950 Central Ohio • JA Worldwide JA BizTown • Opened as Exchange City 1650 students • JA BizTown 9770 students Almost 50,000 5th & 6th graders
Curriculum • 4-week In-class lessons • What makes a community? • Why do we need financial institutions? • What do I want to be when I grow up? • How do I run a business?
The JA BiztownCity • 14 Businesses Each has CEO and CFO 6-7 students Takes out a Business Loan Provides goods or services Goal is to pay back the loan • Citizens are paid for working in their shops Use their $ to buy items at JA BizTown
What is Your Role? • Coach your “team” • Provide guidance and assistance to students. • Run student staff meetings. • Monitor student and business progress. • Help CFO’s and students with checkbooks.
Deposit Ticket John Hancock 8 82 8 82 April 17 07 2 00 6 82 John Hancock 127
Checkbook Register • The beginning balance should be 0.00. • Net deposit (payroll check minus cash out) only. • Students make double entries (2 entries): • deposit column and balance column • payment column and balance column • show math work in balance column
Checkbook Register 0. 00 6 82 4/17 Deposit 1 6 82 6 82
Savings Account • A mandatory $1.50 check is written (at school) to open personal savings account. • Opening of savings account takes place on the first break. • Each student pays the Savings Officer. • This savings check must be recorded and subtracted on the Checkbook Register.
Savings Account JA BizTown Bank 1.50 One and 50/100------------------------ Savings Account
Deposit to Savings 0. 00 4/17 Deposit 1 6 82 6 82 6 82 Savings 1 50 1 50 4/17 5 32 Best Buy 5 00 5 00 4/17 32
CFO Computer Responsibilities • Pay Bills • Print Employee Payroll Checks • Print Business Checks • Make Business Deposits • Check Loan Balance • Review Accounting Report
Set Up Employees • Setting-Up Payroll: • Looking at the right side of your • computer screen, find the button labeled “Employees” and click on it using your mouse. • Using the salary information found at the top of the Business CostSheet, enter each employee’s first and last name, enter his or her account number, and select his or her correct job title. • Notice that after selecting the employee’s job title, the salary and tax amounts will auto-fill in the spaces on screen. • Click on Add Employee
Print Payroll Checks Before First Break: Click on the “payroll” button (found on the right side of the screen). Select pay period “1” and an employee name to complete the payroll check. Finally, click on the “Print Check” button at the bottom of the screen. Before Second Break: Print all payroll checks for pay period #2. The CEO signs the checks
Business Checks Click on the “Pay Bills” button and follow the directions on screen to pay the amounts due. Continue to use the CFO Accounts Payable Checklist to track which bills have been paid.
Business Deposits • Click on the “deposits” button and follow the on-screen directions. • Complete the information requested for each check and print the business deposit ticket. • Place the deposit ticket and all sales checks into your bank bag.
Accounting Report Click on the “Check Register” section (right side of the computer screen) to print the Accounting Report for your business. File it with any other business papers to be taken back to school at the end of the day.
Start-up Time • Use Volunteer Manual script. • Have CEO locate BizPrep envelope • Review student checkbooks for completion of first deposit ticket, checkbook register entries, and check written for $1.50 to open Savings Account. • Review students’ job responsibilities. • Direct students to begin reading Job Simulations. • Assign correct employee to purchase Business supplies. ($8.00)
Opening 15 Minute Meeting • Mayor’s Welcome speech • CEOs present overview of businesses
Break Rotation #1 • Three break sessions-20 minutes each (Red, Yellow, Green) • Employees make first bank deposit and open savings account with check to Bank for $1.50. • $2.00 in cash is withdrawn. • Lunch sessions • Retail stores open for business • Cafe open for business-cash only.
10 Minute Staff Meeting • Prepare students for next bank deposit. • Complete Deposit Ticket. • Enter Net Deposit into Checkbook Register. • Assess business progress for the day. • Remind students to have lunch and SHOP!
Break Rotation #2 • Three breaks-30 minutes each (Red, Yellow, Green) • Second and final bank deposit • Final shopping time • Employee lunch (3 sessions)
Business Clean-Up • Businesses restored to original set-up • Remaining inventory organized • Final Town Meeting preparation
Final Staff Meeting • Business reflection • Personal reflection • Learning observations
Reminders • Arrive 30 minutes before the school is scheduled • Please make sure you bring your lunch. • Casual dress