Fiscal Management in Early Childhood Administration

I.     Course Prefix/Number: ECE 281

       Course Name: Fiscal Management in Early Childhood Administration

       Credits: 2 (2 lecture; 0 lab)

II.    Prerequisite

ECE 273 or consent of department chair.

III.   Course (Catalog) Description

Course designed to help the early childhood director successfully manage fiscal responsibilities in the daily operation of a center.  Emphasis is on budget and financial report development, cash flow management, grant writing and fund raising.

IV.   Learning Objectives

Students will achieve the following objectives by preparing a financial plan for an early childhood center.
1.    Obtain skills in bookkeeping methods and accounting practices and spread sheeting.
2.     Understand and use financial software used by small businesses.
3.    Develop and administer an annual budget that reflects programs goals and objectives.
4.    Set up long term and short term budgets.
5.     Develop cash flow reports.
6.    Evaluate various federal, state and local revenue sources.
7.     Develop long-range fundraising goals that support a program's mission.
8.    Evaluate the cost effectiveness and appropriateness of different foundering options.

In addition to the objectives listed above, this course also meets the following Illinois Professional Teaching Standards and the Early Childhood Content Standards as put forth by the Illinois State Board of Education.

STANDARD 1 – Content Knowledge
The competent teacher understands the central concepts, methods of inquiry, and structures of the disciplines and creates learning experiences t hat make the content meaningful to all students.

Knowledge Indicators – The competent teacher
1A.  understands major concepts, assumptions, debates, principles, and theories that are central to the discipline(s) in which certification is sought.
1B.  understands the process of inquiry central to the discipline.

STANDARD 11 – Professional Conduct and Leadership
The competent teacher understands education as a profession, maintains standards of professional conduct and provides leadership to improve students’ learning and well-being.

Knowledge Indicators – The competent teacher:
11A.  understands the unique characteristics of education as a profession.
11B.  understands how school systems are organized and operate.


STANDARD 1 – Curriculum
The competent early childhood teacher understands and demonstrates the central concepts, tools of inquiry, and structures of the content areas and creates and integrates meaningful learning experiences that develop children’s competence across all developmental areas and content areas.

Knowledge Indicator – The competent early childhood teacher
1A.  demonstrates current knowledge of integrated learning experiences for children from birth through grade three and understands the central concepts and tools of inquiry in each of the following content areas:  Language and Literacy (English Language Arts); Mathematics; Science; Health, Safety, Nutrition, and Movement (Physical Development and Health); Art, Music, Drama (Fine Arts); and Social Science.

STANDARD 17 – Professional Conduct and Leadership
The competent early childhood teacher understands education as a profession, maintains standards of professional conduct, and provides leadership to improve children’s learning and well-being.

Knowledge Indicator – The competent early childhood teacher
17A.  understands the unique characteristics of education as a profession and a professional code of conduct [as defined by the Illinois School Code.]

Performance Indicators – The competent early childhood teacher
17H.  follows codes of professional conduct and exhibits knowledge of expectations of current legal directives.
17M.  follows school policy and procedures, respecting the boundaries of professional responsibilities, when working with students, colleagues, and families.

V.    Academic Integrity and Student Conduct

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at

VI.   Sequence of Topics

A. Budgeting
B. Cash Flow Management
C. Grants-writing
D. Fundraising

VII.  Methods of Instruction

Lecture, small group discussion, guest speakers, written assignments, individual projects.
Course may be taught as face-to-face, hybrid or online course.

VIII. Course Practices Required

A.    Reading of texts and supplemented readings will be required.
B.     Student will be required to demonstrate competency by successfully completing written assignments and individual projects.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Varies by instructor.

X.    Methods of Evaluating Student Progress

Written assignments and individual projects

XI.   Other Course Information

If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.

Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.

Resources and support for
  • pregnancy-related and parenting accommodations; and
  • victims of sexual misconduct
can be found at

Resources and support for LGBTQ+ students can be found at