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

AD LDSP 583

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.

Instructors

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

Angel Stoddard, M.S.

Angel Stoddard, M.S.

Angel Stoddard’s passion to support administrators and early childhood professionals in their pursuit of excellence throughout their program and the field is evidenced by her career path. With a Master’s degree in Administrative Leadership, Angel teaches full-time for UW Milwaukee ... 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

Prerequisites

AC #1 or AC #2

Course available Jan. 23-Apr. 1, 2017

Location: Online

Instructor: Angel Stoddard M.S.

Fee: $1,286 Graduate tuition is $2,223

Undergraduate Credits: 3, Graduate Credits: 3

Enrollment Limit: 20

Program Number:

Note:  

No class week of March 20 (Spring Break)

Call Tamara Johnson at 414-227-3334 for credit registration.

Registration Deadline: Mon., Jan. 9, 2017

Course available Jan. 27-Apr. 1

Location: To Be Announced

Instructor: Angel Stoddard M.S.

Fee: $1,011 Graduate tuition is $1,948

Undergraduate Credits: 3, Graduate Credits: 3

Enrollment Limit: 20

Program Number:

Note:  

Face-to-Face Days: Fri., Jan. 27 & Sat., Jan. 28, from 8:30am-4:30pm

Online: Mon., Jan. 30-Sat., Apr. 1

No class week of March 20 (Spring Break)

Call Tamara Johnson at 414-227-3334 for credit registration.

Registration Deadline: Fri., Jan. 13, 2017

Registration opens Tue., Nov. 14, 2017.