The greatest difficulty in obtaining outside funding is ___.
a. serving the right children
b. enrolling the right combination of children who appeal to funders
c. locating the appropriate funding sources and writing a persuasive proposal
d. the competition from other centers that impress funders because of their size and visibility
Question 2A budget comparison report shows budgeted spending for the year as well as actual spending for the year-to-date; this report is also called a __.
a. RFP
b. budget variance report
c. accounts receivable report
d. income statement
Question 3Some centers help parents who are unable to afford tuition by establishing a scholarship fund
whose monies are supported by ___.
a. soliciting contributions from the community
b. adding a little more into parents tuitions
c. asking foundations or agencies to support full or partial scholarships
d. all of the above
Question 4Directors who are successful with fund-raisers ___.
a. only promote to the centers parents because it is their children who will benefit
b. promote the benefit to be derived from the contributors dollars
c. raise money for increasing teachers wages
d. promote the benefit to be derived from the contributors dollars and raise money for increasing teachers wages
Question 5When the center is largely dependent on tuition for operating funds, the budget should have
at least a _____ vacancy rate built in.
a. 1
b. 3 to 8
c. 10 to 12
d. 22
Question 6Centers that begin operation without a sufficient funding base ___.
a. should plan several fund-raisers as quickly as possible
b. should approach a foundation and ask for financial or in-kind help
c. will succeed once the center is at enrollment capacity
d. are in fiscal trouble from the outset
Question 7Funds are most likely to be available from foundations for ___.
a. administrative salaries
b. children who are high-income and likely to succeed
c. one-time purchases
d. rent and utilities
Question 8When reviewing a budget comparison report, what can the reader determine?
a. Cash flow problems and possible ways to adjust budget if necessary
b. Expenditures relative to projected expenses
c. Income relative to projected income
d. all of the above
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