FRHD 3190 Lecture Notes - Lecture 11: Canada Pension Plan, Accounts Receivable, Cash Flow
12 Jul 2016
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Document Summary
Areas in which expertise is required include budget building, the subsidy system, multiple funding streams, public relations, additional funding opportunities, and funding strategies. Administrators are responsible for forecasting, managing and monitoring revenue and expenditures to maintain the viability of the services. All aspirations for what the program will accomplished are expressed in the language of money. Every line in the budget is a policy decision that directly determines what a program will be. Must produce a well-informed budget that takes into account the various sources of revenue including parental fees, grants, fundraising. Budget is written for a specific time period as a tool to help ec directors predict program success. Board of director reviews it and makes suggestions. Commercial operation: owner develops with input from director. Consists of all one-time expenses incurred in starting a program. Used when the program becomes operational and annually thereafter. Period covered by a budget depends on circumstances (ex.
