Tiny Hands Preschool

You have been placed in charge of the Tiny Hands Preschool. Your first task is to submit a budget to the board of directors. Here is the information you know:
Tuition: MWFam $125/month 23 Students
MWpm $100/month 12 Students
TTham $100/month 12 Students
TThpm $100/month 12 Students

School year: January - May and September - December
AM classes are from 9:00am - 11:30 am
PM classes are from 12:30pm - 3:00 pm

Summer School: June - July ($300 flat fee) 10 kids none are new so no additional enrollment fee
Enrollment Fee: $50 per student
Dillon's Neighborhood Partner program: $2000
Family Fun Night fund raiser: $5000

Expenses:
Admin: $300
Building Rental: $200/month (all year)
Phone book advertising: $25 month (all year)
Curriculum: $100
Health Dept License $100
Supplies: $3000
Family Fun Night expenses $1000
Fall Conference $250

The school employs a Director who is also the lead teacher and a second teacher. Sometimes the school employs a teacher aide. Currently the school is operating 1 aide.
Lead Teacher/Director Salary $37800
FICA (7.65%)
Medicare/Disability $1000
Retirement $3400
Disability $520
Acc Death Insurance $450
Health Insurance $4000
Christmas Bonus $500

Teacher Salary $22.50 per session
FICA (7.65%)
Medicare $190
Christmas bonus $200

Aide Salary $8.00 per hour
FICA (7.65%)

Substitute teacher $20/ session ($200 budgetted) The lead teacher is given 10 days per year.

Below are the spending lines for each item in the budget. Create a budget for the preschool.

Answer the following:

What is the bottom line for the preschool's budget?

The payroll is run every two weeks. What is the usual paycheck for each of the three employees?

Enrollment did not come in as expected. There are only 18 kids in the MWF class and 10 kids in the TThpm class. What changes will you make so the preschool will not go in debt?