Governance Management & Administration criterion 8
An annual budget guides financial expenditure.
Documentation required:
An annual budget setting out the service's estimated revenue and expenses for the year. The budget includes at least:
- staffing costs, including leave entitlements;
- professional development costs;
- equipment and material costs for the ongoing purchase of new equipment and consumable materials; and
- provision for operational costs and maintenance of the premises as appropriate.
Related to clause 47(1)(a&e) of standard.
Rationale/Intent:
The criterion will provide the Ministry of Education with evidence of the service's ability to continue to meet regulatory standards and criteria and afford the financial costs of providing a quality licensed ECE service.
Amended 21 July 2011