CE371 Unit 6 Discussion
After you have completed the readings, and before reviewing your classmates’ responses, add your initial post that fully answers the discussion board question(s). Your initial post should be supported by your course materials and/or other appropriate resources. This initial post and your additional responses to classmates should occur over multiple days throughout the unit week. Refer to your Discussion Rubric for specific grading criteria.
Managing Finances and Fundraising
The Early Childhood Administrator must “effectively manage financial resources and create policies and procedures that develop and follow a plan for using funds, keep records, and provide required documentation” (Sciarra, Lynch, Adams, & Dorsey, 2016, p. 68). Poorly managed funds impact the quality and stability of programs. As an administrator, you will need to create a financial plan that establishes a budget and policies and procedures to manage financial resources. After reading Chapters 5 and 6 from the course textbook, please respond to all three parts of the discussion described below:
Part 1: Part 1 of the Discussion focuses on the process of creating a financial plan for an early childhood program. Review the administrator’s financial responsibilities discussed in this week’s readings, and describe how to prepare and operate a budget.
Part 2: For Part 2 of the Discussion, you will focus on the other financial responsibilities of an administrator that relate to the budget but are ongoing. Review the administrator’s financial responsibilities discussed in this week’s reading, and describe examples of other ongoing financial responsibilities you will have as an administrator of an early childhood program. Which of these responsibilities will you spend more or less time on? Which responsibilities would you find most challenging? How would you accommodate for these challenges?
Part 3: For Part 3 of the Discussion, you will focus on the director’s role in obtaining funding for an early childhood program. There are many different types of funding available for early childhood programs. Identify some potential resources for funding a program you are interested in being an administrator of. What role will you play in securing and maintaining these funds?
Reference
Points and Rubric
This discussion is worth 30 points. Refer to your Discussion Rubric for specific grading criteria. The deadline for your initial post and additional responses is Tuesday night at 11:59 p.m. ET; however, you must participate over multiple days throughout the unit to earn full credit.
Remember that your goal for discussion is three-fold:
- To participate actively over multiple days throughout the unit.
- To contribute in a way that adds to the discussion and moves it forward in an original fashion.
- To use the course content to inform your posts and responses.
Keep in mind that when you post, you should always reference items you cite — be sure to use APA format for this. Also, be sure to refer back to the rubric as often as you need to during the week. The class is all about sharing knowledge, so use discussions as a way of creating a community resource for yourself and your colleagues.
CE371 Unit 6 Discussion Answer
It is imperative that when starting a new childcare facility the director has a financial plan. He/she needs to now the ends and outs of the business and the financial responsibility that comes with it. The director needs to ensure that not only are the funds available to open but to maintain the business as well. All purchases should be necessary and safe. The beginning is not the time to buy things you do not have a need for…….
CE371 Early Childhood Administration
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