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Financial Management-Level 1

Develop a written fee policy which could be provided as a handout to parents of children in your center

The policy must include:

               Amount of fees (reflecting varying amounts based on age if appropriate)

               Any discount you may offer

               What types of payment are  accepted

               Fees for returned checks (if you accept checks)

               When fees are due (the less complicated the better for parents)

               Consequences for late payment (be specific)

               Any plan for families in crisis

Make sure this is in a readable and understandable format for your families.  Also, do your research—be sure that your fees are appropriate for the type of program you have and your community.  If a consequence for late payment is expulsion, be sure to include steps for child to be reinstated.