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Core Body of Knowledge

New York State's Core Competencies for Early Childhood Educators

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CBK Core Beliefs Area 1: Child Growth and Development Area 2: Family and Community Relationships Area 3: Observation and Assessment Area 4: Environment and Curriculum Area 5: Health, Safety, and Nutrition Area 6: Professionalism and Leadership Area 7: Administration and Management
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Core Body of Knowledge

NY's Core Competencies for Early Childhood Educators

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7.4

Financial Planning and Management

7: Administration and Management

7.3 7.5

Competency Description

The professional working with young children applies sound financial planning and management to the program's operation

Behaviors & Skills

a
Implements fiscal policies and procedures that are consistent with the program's vision, mission and goals
b
Prepares budgets at least once annually
c
Maintains fiscal records (i.e., balance sheets, banking reconciliation, etc.)
d
Maintains a system to review and adjust budgets at least on a quarterly basis
e
Actively works to generate and manage the resources needed to run a high quality early childhood program