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Appendix B: Kentucky Family Child Care Cost Model

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Description:
The Kentucky Family Child Care Cost Model was created by Opportunities Exchange while conducting research and analysis for the report Staffed Family Child Care Networks: An Opportunity to Reimagine the Kentucky Child Care Landscape. The report, and cost model, was requested by the Prichard Committee for Academic Excellence to assist the Committee’s efforts to expand high-quality family child care in Kentucky. This cost model, crafted to include inputs and assumptions relevant to Kentucky, helps demonstrate the essential need to fundamentally rethink the path forward. Opportunities Exchange’s (OppEx) cost model is an Excel interactive tool to demonstrate a variety of fiscal scenarios. The tool allows users to modify several data points but also includes default data (embedded in formulas) to simplify the process of estimating costs and revenues. This summary discusses the layout of the tool as well as the data assumptions. Additional guidance on how to adjust the tool, if needed, to reflect alternate assumptions about quality and cost is provided. (author abstract)
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