family day care

[seep]

Q1-what administrative requirements are family day care schemes subject to in NSW?
Ans-A family day care (FDC) educator provides education and care to children usually at the educator’s home. FDC educators can provide education and care for up to four children of preschool age and under, and no more than seven children at any one time, except in emergency circumstances. FDC educators are registered with an approved FDC service. A FDC service must have one or more coordinators who are engaged by the approved provider of the service to support, monitor and train the service’s educators. Information about the benefits of becoming a FDC educator and how to register with a scheme is available from the FDC Association ofNSW. As a FDC educator, you must meet minimum legislative requirements and standards to ensure the safety, health and wellbeing of children in your care.
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Q2-what is the purpose of creating an operational plan and what should it contain?
the Operational Plan DOES present highly detailed information specifically to direct people to perform the day-to-day tasks required in the running the organisation. Organisation management and staff should frequently refer to the operational plan in carrying out their everyday work. The Operational Plan provides the what, who, when and how much: The purpose of the Operational Plan is to provide organisation personnel with a clear picture of their tasks and responsibilities in line with the goals and objectives contained within the Strategic Plan.operational plan starts where the strategic plan finishes Basically, the Operational Plan is a plan for the implementation of strategies contained within the Strategic Plan. It is a management tool that facilitates the co-ordination of the organization's resources (human, financial and physical) so that goals and objectives in the strategic plan can be achieved
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Q3-who should you notify of thee need for leave?
Ans- To apply for a Family Care Leave under the Family and Medical Leave Act (FMLA), you will need to Notify your supervisor of your request for time off and follow your department's normal timekeeping procedures until the DMO has approved your leave.
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Q4-why is it important to record all business transactions?
There are a number of reasons why recording your transactions is so important. The first being that when you keep close track of all of your transactions you are ensuring that you know where your money is coming from along with where its going to. Most people who are earning in excess of a million dollars per year are doing so through multiple income streams. They are utilizing several different methods of making money to guarantee that they always have some income filtering in. For these people, keeping track of the transactions for each business helps them to see where most of their money is coming from along with what is costing them the most. They can use this information to fine tune their business strategies which will aid them in making even more money. Its also extremely important to keep a close eye on what you are spending your money on. Many people simply spend money without realizing that they have less than perfect spending habits. If you have no idea where you are spending money it becomes much more difficult to make a budget and stick to it.
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Q5- list 5 finencial records required when operating a family day care centre?
1- Business records
2- Insurance records
3- Electronic records
4- Death or personal injury
5- Registered Business and Incorporated Management Bodies
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Please suggest am I on the right track??? thanks