Childcare Landscape Study - Flipbook - Page 35
Davidson County Child Care Landscape Study Results
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Table 13: Total Home Expenses Before Application of Time-Space Percentage
Expense Category
Annual Cost to Model Home
Mortgage
$16 per square foot
Property Tax
$1.60 per square foot
Utilities
$4,063
Insurance
$3,875
Maintenance
$653
Supplies
$303
Other Fixed Expenses
We also included all other expense categories from the ACF calculator at their Tennessee
default levels (see Table 14). These expenses are the same for both the model family home
and model group home. The time-space percentage is not applied to these expenses.
Table 14: Fixed Annual Expenses for Family and Group Child Care Homes
Expense Category
Annual Cost to Model Center
Food
$9,764
Internet
$1,728
Professional services
$783
Toys and Crafts
$584
Liability Insurance
$567
Depreciation
$392
Vehicle costs
$327
Repairs
$314
Training
$297
Office Supplies
$237
Advertising
$172
Interest
$154
Memberships
$130
Licensing
$126
Total
$15,575
Cost Estimation Model Computation Strategy
Cost of High-Quality Care
To compute the cost of providing high-quality care at both center-based and home-based
child care programs, we first summed all expenses to obtain a subtotal cost of caring for all
children at the model provider. Next, we added an operating reserve equal to 5% of total
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