Total administrative fees= $9,640 Grants and/or Donations Transportation: $3,000 (say you have 3 school trips 100 per car seat for 20 toddler is $2,000 alone $333 for bus rental for the day per school trip is another $1,000 cost) Late payment:$2,000 (say about 5 or more parents pay late per month late fee is $30 per instance) Late pickup: $4,000 (say you make $10 or more per day on late pickup fees) Registration fees: $640 (36 families pay $40 registration fee) Your administrative fees may look something like this if you have 36 enrolled children: This would be more for toddlers that are able-bodied and able to walk on their own and do not need to be in strollers.ĭon’t forget the car seats that you will need for each toddler attending the trip because they must be installed into the bus or van transporting everyone to the destination. If you do a class trip, you will have to pay transportation costs to bus all the children to the destination. However, it is an inconvenience for you if you constantly receive late payments from the same parents. You can offer autopay for tuition on your website to help parents to minimize this inconvenience for them. If a parent does not pay their tuition bill on time, you may charge a late payment of $25 to $50 to encourage parents to pay on time in the future. Usually, daycare centers will charge $1 per minute that a parent is late in picking up his/her child which must be paid upon arrival to the facility. If parents do not pick up their children on time, you can charge a late pickup fee. When enrolling a child, you may charge a registration fee for completing the enrollment paperwork once a child has been approved to come into your daycare. Administrative FeesĪdministrative fees are charges that you collect for different instances throughout the application process and during the life of enrollment of an infant or toddler. We are not done yet! Thankfully, you do not have just tuition to rely on for income. That’s almost $400,000 in tuition income. Let’s do the math!ġ6 infants x $11,640 annual income per infant= $186,240 per year for the infant classesĢ0 toddlers x $10,220 annual income per toddler= $204,000 per year for the toddler classes One infant attending your daycare will net you $11,640 per year. One toddler attending your daycare will help you bring in $10,200 annually in income. You can project your yearly tuition income by doing some math based on how many infants and toddlers you will have enrolled at the start of the grand opening of your daycare.įor example, let’s say that you will have 16 infants enrolled and 20 toddlers enrolled to start on grand opening day. If an infant attends daycare full-time as well for an average of 20 days per month, then that means you are charging about $48.50 per day for child care services. This means you are charging about $42.50 per day for child care services. If a toddler attends daycare Monday through Friday for an entire month, that’s 5 days per week and about 20 days in daycare per month with 4 weeks in a month. Say that you charge $850 per month for toddler care and $970 for infant care, which is a little lower than the average for both figures. Tuition income for your child care center will depend on the ages of all the children attending your facility, how many children are enrolled, and your specific tuition rates. Toddler care at a daycare center costs about $910 per month. The tuition is the monetary amount that parents pay to enroll their children at your daycare facility.Īccording to ValuePenguin, the average annual tuition for an infant in daycare in the United States is $9,991.Īmerican Progress says that average tuition for infant care at a childcare center costs about $1,230 per month. Income can be divided into 3 categories: daycare tuition, administrative fees, and grants and/or donations. The first step to completing a daycare expense list is recognizing what entities are considered your income and your expenses. How can I get more grants and donations to benefit my daycare facility?Ĭompleting your daycare expense list will involve: Where can I get a free fill-in budget template online? Learning how to complete a budget template.Completing your daycare expense list will involve:.
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