© ChildForum
Non-profit services are usually not in a strong position to take up a mortgage, or borrow short/long term to renovate, relocate, or expand.
This article discusses problems such as one faced by the manager of a community-based service who was caught between saving money and building up reserves to relocate the centre in years to come from leased land that would not be able to renewed - or using savings to maintain fees at current levels and not pass cost increases onto families.
To keep reading, login with your ECE Service's member username and password. If you don't know what your service's login is ask your manager or team leader 
Not a member? Click on the blue button below to join
