Budgeting for a New School

Cost for initial equipment and supplies

Cost for planning time for staff

Ongoing operational expenses for the first year (correct)

Cost for building renovations

To provide a reserve fund in case of unexpected expenses

To make the licensing process more stringent

To ensure the school has adequate funds to operate during the initial low enrollment period (correct)

To generate additional revenue for the licensing agency

To determine tuition rates for the upcoming year

To project the school's expected revenues and expenses

To comply with licensing requirements

To gauge the effectiveness of the school's management of resources, particularly cash (correct)

<p>To ensure the tuition is set at a competitive level</p> Signup and view all the answers