Explain the difference between a start-up budget and an operating budget
What will be an ideal response?
ANSWER:
?A start-up budget consists of all the expenses incurred in starting the center, such as initial building expenses, building renovation, rent deposit, purchase of major equipment, cost of publicizing the center, telephone service deposit, utility charges during start-up period and salaries for personnel needed to assist in opening the new center.
?
An operating budget consists of an income and expense plan for one year and is used when centers enroll children and begin the program—and annually thereafter.
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Indicate whether the statement is true or false
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Indicate whether this statement is true or false.