Financial Decisions Scenario

Prior to beginning work on this discussion, read  Quality, Compensation, and Affordability Links to an external site.  and Chapter 3 from your textbook, examine the  Sample Budget Form Links to an external site. , and view the following scenarios in the presentation below involving managing a budget for a childcare center.

Imagine that you are the leader of a center-based childcare center. After reviewing the budget for next year, you and your fellow board members realize that the center will have to make some tough decisions.

View the  Financial Decisions Scenario Multimedia Presentation Links to an external site. , then choose one of the following budget scenarios to discuss:

· Budget Cuts

· Budget Surplus

Using information from Chapter 3, and at least one other credible source (be sure to cite your source), describe two to three specific strategies to either save or spend money while meeting the needs of the children, staff, and families. When you think about budgeting, be sure to explain specifically why you selected the areas to cut or supplement and why these are considered a priority. Your discussion post should be at least 300 words in length.