CET 749
Unit 4 Assignment
Sandy Nightingale
*This is a
fictional scenario and budget created for CET 749.
I have been hired as the director (1/2
time) of a distance education program by the Mid-Central Coop, a coop of twelve
small K-12 schools. I have been provided
with office space at the
Expenses
Salaries:
Director (1/2 time, shared) $25,000
Instructional Designer/Technologist $40,000
7 Instructors (@$38,000 each) $266,000
Student Services Staff/Secretary (1/2
time) $10,000
Total $341,000
Operating Budget:
Office Supplies $4500
Printing $7000
Phone $2000
Software budget for Instructional
Technologist $3500
Staff Training $5000
Rent for Use of Facilities ($5000/yr.
for each DDN lab) $15,000
Miscellaneous $5000
Total $42,000
Grand Total
Expenses $383,000
Income
We are offering 28 courses (each being
year-long courses), with a tuition of $450 per student per year for Mid-Central
Schools and $600 per student per year for non Mid-Central Schools. We have received a grant from the Bill &
Melinda Gates Foundation for $1,000,000 to be distributed over 5 years to
support the development and implementation of distance education courses for
small rural schools to help students meet graduation requirements and prepare
students for college. We have also received $400,000 from the United States
Department of Education Technology Innovations Challenge Grant to be
distributed over 4 years. With expenses
for the first year totaling $383,000 minus the $300,000 grant monies for the
first year, we need $83,000 or a minimum of 185 Mid-Central Coop member enrollments
to break even. There could also be any
number of combinations of member and non-member enrollments to break even, such
as 125 member enrollments plus 45 non-member enrollments.