Operating Budget

Jaimmie Stugard

The Village LifeWays Early Childhood Center

Profit and Loss Budget Overview
Ordinary Income/Expense

Avg. Monthly

Annual

$67 avg.

$800

INCOME
Donations and/or Grants

($800 in Dec.)
Fundraising

$517 avg.

$6,200

($1,550 Quarterly)
Registration and Fees

$119 avg.

$1,428

($1,071 Sept.)
($357 June)
Tuition $285/child/wk x 48 weeks (52 less vacation and closed days) x 60 children x 90% capacity

$61,560

$738,720

TOTAL INCOME

$62,263

$747,148

Advertising

$35

$420

Bad Debt.

$50

$600

Bank Service Charges

$3

$36

Credit Card Fees

$886

$10,625

Depreciation Expense

$50

$600

Food

$3,570

$42,840

Fundraising

$267

$3,200

EXPENSES

($800 Quarterly)
Insurance
Health Insurance

$4,961

$59,525

Liability Insurance

$362

$4,300

Workers Compensation Insurance

$475

$5,700

Total Insurance

$5,798

$69,525

Interest Expense (Line of credit annual fee)

$8.35

$100

($100 in July)
Landscaping

$67

$800

($800 in May)
Laundry

$584

$7,000

Licenses and Permits

$42

$500

Membership Dues

$182

$2,175

Office Supplies

$39

$460

Director

$3,917

$47,000

6 Lead Teachers @ $32,000 /year (average)

$16,000

$192,000

8 Part Time Assistants @ $15,500 /year (average)

$10,334

$124,000

1 Cook @ $18,000 /year (based on a 30 hour work week)

$1,500

$18,000

Total Payroll

$31,750

$381,000

Photocopies

$72

$856

Payroll

Postage and Delivery

$10

Professional Fees

$100

Accounting

$120

($1200 in July)

$1200

Rent

$4,000

$48,000

Suite (Classroom) Supplies

$500

$6,000

Telephone

$130

$1,560

Training

$467

$5,600

TOTAL EXPENSES

$48,602

$583,217

NET INCOME

$13,661

$163,931

Type of Insurance Recommended

General liability, auto liability and employers liability

Cost of Insurance to cover 60

children
$362/month ($4,300/year)
$4,961/month ($59,525/year)

Health Insurance for Staff

$475/month ($5,700/year)
Workers Comp Insurance

Any additional notes may be added here:

MARKET ANALYSIS COMPARE RATES AND SALARIES IN GREATER MILWAUKEE

Average weekly rates and salaries were used to determine pay scale and tuition as required
Center

Cost per Week and

Year

Center A

Weekly $295
Annually $14,750

Center B

Weekly $ 296
Annually $15,392

Center C

Weekly $199-263
Annually $10, 348 $13,676

Center D

Weekly $295 -$310

Annually $15,340 $16,120

Center E

Daily $52-65
Weekly $260
Annually $13,520
Hourly $10

Services Provided
Organic, vegetarian meal and snacks
2 preschool programs, one is outdoors
Access to nature preserve, daily outdoor
activities year round
Continuity of care
Vacation and sick days, no charge for
closed days
Reduced tuition spots for families in need
Flexible, part-time schedules at no
additional cost
Tuition discount for university students
Summer programs
Meal and snacks
Kindergarten program
Themed classrooms
Meal and snacks
Part-time care (at higher rate)
School age care
Summer programs
Meal and snacks
Eco-based child care
Part-time care (at higher rate)

Meals and snacks

Flexible, part-time care (additional charge)
Hourly care

All three centers are located in the Milwaukee area. Centers A and B are non-profit
organizations. Center B is run by a local college and offers discounts to college students.
Centers C, D and E are for-profit centers and would not disclose their wage information.

Center
Center A

Director
Salary 30 hrs/wk
average

Teacher
Hourly $14.50-16.25

Assistant Teacher
Hourly $12.00 - $13.50
25 hrs/wk average
Annually $15,600
17,550

Annually $36,000

Annually $30,160 $33,800

Center B

Salary
Annually $72,814 $109,220

Salary
Annually $28,011 $55,184

Hourly $7.25 $10

(max)
Annually $9,425
13,000 (at 25 hrs/wk)

Center F

Salary

Hourly $12-20
Annually $20,800 $24,960 (highest paid
employees work 20
hrs/wk)

Hourly $9 starting wage

Annually $18,720 (at
40hrs/wk)

Annually $34,000

Center A is a small non-profit center. Center B is also non-profit, but is much larger. Center F is a
for profit center that I was able to get wage info from by asking a classmate who works in
administration there. I included Center F because Centers C, D and E would not disclose their wage
range. All the centers surveyed are in the Milwaukee metropolitan area.