Generic Cost Model/Centers – Excel Workbook Tool
Anne Mitchell, co-founder of the Alliance for Early Childhood Finance, has created an Excel workbook called “GenericCostModel-Center2012”. This workbook is a cost modeling tool for a center-based ECE program. It can be used to explore how the ‘Iron Triangle’ affects operations and net revenue (profit or loss), the effects of including various revenue sources such as from state-funded prekindergarten or QRIS (quality rating and Improvement systems). It can be used to model budgets for a proposed center and to understand the costs of operating a better quality center. It is set up so a state can determine the estimated cost for a center at each level of quality within their quality rating system.