Rationale:The Management of Bright Stars Educare will ensure that the administration of the centre and its financial records shall be accurate and accountable.  Funding received from the Ministry of Education will be used towards achieving the goals of the centre’s charter.

Objectives: To yearly audit and have available the records of all funding received from the Ministry of Education, Department of Work and Income and Parent Fees. To produce a budget prior to the end of the financial year to ensure the vision and the centre charter can be carried out. To keep up to date records of all financial transactions.

Budget: Staff will work together and be consulted about the budget, to decide in what resources are needed and professional development courses etc.

Financial Records: Parents will sign daily sheet each day to confirm child’s attendance.  Accurate day-to-day records of financial matters will be kept, and an audited annual financial statement will be available in the parent shelf area.  Fees will be displayed on notice board and shall be reviewed annually to ensure that the quality of the service is maintained.

Reference: Early Childhood Regulations 47 Criteria 47 GMA3