3.3 Financial Organization

In this final section of module three, you will consider organizing the financial side of a business or organization involves careful planning, management, and ongoing monitoring to ensure sustainability and success.

As stated in 3.2, the first step to creating a budget is to outline anticipated income and expenses, while also planning fluctuations in income or expenses. You need to consider how will you cover the costs if all your childcare spaces are not full or if parents are unable to pay. It is important to have a reserve for months such as these.

Many programs for First Nations children and families may have full funding in place, and parents and staff don’t have to worry about paying fees or applying for a subsidy.