Suppose that you're on the board of directors of church-based child care center. After reviewing the budget for next year, you and your fellow board members realize that the center will have to make some tough decisions. Select one of following budget scenarios to discuss.
Budget Cuts: In order to stay profitable, the center will need to make budget cuts. You are concerned because you know that if salaries don't go up, some teachers may resign. On the other hand, if tuition rates increase, some of the families may not be able to afford to stay at the center. How will you and the board go about making these cost-saving decisions