Head Start Program - Budget and Finance

Budget and Finance

The 2011 federal budget for Head Start is $8.1 billion. 85% is devoted to direct services and no more than 15% is to be spent on administration. In addition to the $8.1 billion of federal support, local grantees must provide a 20% cash or in-kind match. Each local grantee is required to have an annual financial audit, if it receives more than $500,000 of federal support.

Read more about this topic:  Head Start Program

Famous quotes containing the words budget and/or finance:

    The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.
    William Howard Taft (1857–1930)

    Imperialism is capitalism at that stage of development at which the dominance of monopolies and finance capitalism is established; in which the export of capital has acquired pronounced importance; in which the division of the world among the international trusts has begun, in which the division of all territories of the globe among the biggest capitalist powers has been completed.
    Vladimir Ilyich Lenin (1870–1924)