Staff--Base Pay
*policy excludes professional liability when corporate obligation to pay damages resulting from negligence--coverage cost extra $2,300
Total $17,270
*optional-- Directors and Officers Liability $1,000
Grand Total $247,147
Cost of Care and Level of Reimbursement by State (sample calculation)
12 children (licensed capacity)
x 80% capacity (realistic maximum capacity)
9.6 children
x 365 =
3504 child care days per year
divided into $247,147=
$70.53 per day per child
x 60% of cost (the amount the state will pay
for state children)
$42.31 per diem reimbursement of cost after the
first year.
| Your licensed capacity
---------------
x 80% ---------------------------------------- realistic maximum capacity -------- x 365 child care days per year-------------- Your budget ------------------------------ Per day cost per child ---------------- x 60% of cost ---------------------------- What you can expect as a per diem after the first fiscal year of operation. ---------------------------------- |
______
x 80% ______ x 365 ______ ______ divided by child care days= ______ x 60% ______ |