AC #3: Financial Management & Planning in Early Childhood Programs


Analyze the principles of sound financial management. Gain a better understanding of the critical relationship between financial management and program quality.

This course can be applied to the Child Care Administration Certificate.


Dave Linsmeier

Dave Linsmeier

Dave Linsmeier, BBA, has been the executive director of Mary Linsmeier Schools, Inc. (MLS) since 1988. MLS is a nonprofit organization established in 1964, which operates preschools and childcare programs, in southeast Wisconsin. Dave is also the president and owner of ... read more

Benefits and Learning Outcomes

  • Understanding of the basic principles of sound financial planning and management
  • Understanding of the relationship between financial management and program quality
  • Ability to develop fair salary policies and scales
  • Understanding of budget use and management including utilization factors, deviation analysis and functional cost analysis
  • Ability to develop a basic line-item budget
  • Ability to develop a monthly cash flow projection for one year
  • Understanding of breakeven concepts and applications and ability to develop a breakeven chart
  • Ability to balance the budget, including principles for cutting and revenue enhancement
  • Ability to compare budgeted expenditures to actual expenditures and to analyze differences
  • Ability to read and understand financial reports
  • Understanding of the cost of staff turnover
  • Understanding of basic customer orientation for marketing and cost of losing customers


AC #1 or AC #2

Dates and locations to be announced.