October 24, 2011 – Sac City, Iowa
At the October 24, 2011 Sac City council meeting, the council approved an early payment of $10,000 to Kid’s World. This payment is normally given in January, 2012. This move means that under the current plan, Kid’s World is not eligible for another $10,000 payment until July, 2012 though it is possible that the council arbitrarily decides to allow it.
Currently Kid’s World receives $20,000 per year from the city to help with expenses, and pays the loan from the city gas customers back at a rate of $20,000 per year. If the council gives Kid’s World more money before July 1, 2012, Kid’s World will take in more money from Sac City tax payers than they are paying back to Sac City gas customers unless the council raises the yearly payback requirement to match.
Under questioning from the three councilors who were present for the meeting, it was revealed that Kid’s World will be hiring an outside financial management consultant to help them see if there is something they are “…not doing right.” Though it was revealed that in actuality, there are just plain fewer full time equivalent children attending. Their current numbers are 60 children attending the full time equivalent of 32 spots.
According to Kid’s World Director Mollie Scott, families are cutting down on the time they drop their children off. Said Scott, “… we get children for two and a half hours compared to eight.”
According to Scott and board member, Steve Irwin, the Gingerbread House Development Center in Storm Lake that recently closed abruptly did not hire a financial management consultant.
Said Irwin, “We want to do something sooner. You don’t wait until it’s too late. “
All stammering has been removed for readability.
BEGIN TRANSCRIPT –
Bill Brenny
Under five a, Kid’s World, Dr. Tom Munger and Mollie would you like to address us here? And Steve?
Mollie Scott
We’re here to ask the city for the second allocation of the funds for ten thousand dollars from the letter of request I sent out for the year.
Steve Irwin
As a refresher, we were approved for, asked for and approved for twenty thousand for the year. We’ve received ten [UNINTELLIGIBLE] normally we ask for our second ten after the first of the year, and we’re requesting the second ten now if we can [UNINTELLIGIBLE].
Jim Frederick
What’s going to happen after the first of the year when you normally request the money?
Irwin
Well, we are working on some other things. We… kid numbers are down, I mean our numbers have deteriorated some from before. We are looking at bringing in a… having a consultant that works in financial management of child care centers do some efficiency work and some… basically some work for us, see if there’s something we’re not doing right, is there something we ought to be looking at differently, those sorts of things. And we’re planning on working on that soon.
Nich Frohardt
Is that the same one Storm Lake used?
Scott and Irwin
No.
Scott
Nope. They didn’t use one.
Irwin
Yeah they didn’t.
Frohardt
Well I guess I’m just, like, [UNINTELLIGIBLE] the two I was a little concerned you know.
Irwin
we’re-
Scott
We’re concerned, that’s why we’re, yeah.
Irwin
Well, we want to do something sooner. You don’t wait until it’s too late. You’ve got to do something now to try to see what we’ll do differently to try to make the numbers look a little different.
Scott
We’d be glad to share that with the council when we get those reports on what-
Frohardt
Well I was just, you know I… it’s like credit card interests, you know all of a sudden it just kind of keeps getting in there-
Irwin
That’s right. [LONG PAUSE] I wish it was an easy fix, cause you got-
Frohardt
how many kids you got now out there?
Scott
Sixty.
Frohardt
Sixty.
Scott
We have another-
Irwin
Full time equivalent of-
Scott
Thirty two. And that’s what’s really been hurting is, you know, the economy the way it is, the families that cut back on their child care… have found other way to get their child care needs met so we get children for two and a half hours compared to eight.
Adam Ledford
So would it be a correct statement to say you’ve actually probably have more customers now, but you have less full time customers right now?
Scott
Correct. Yes.
Frederick
What happens if we don’t give you the money now?
Irwin
Well, we’ll have to hold off paying some bills for awhile.
Brenny
Any other questions or comments?
Frederick
[UNINTELLIGIBLE] They don’t really have any options, do they?
END TRANSCRIPT
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