EXAMPLE 2: the basic scenario (these numbers are NOT reflective on any current payment amounts – I have just made them round numbers so they’re easy to work with!)
Child is under school aged
Day care centre charge $100 a day for a 10 hour day
CCB maximum amount (100%) is $5 per hour
Parent has one child in care, CCB 50%
Parent qualifies for CCR and has opted to have the payment made direct to child care service
Child is in care 2 days per week
Child care fees for the week : $200
CCB for the week: 20 hours at 50% CCB (5 x 0.50 = $2.50 per hour) = 20 x 2.50 = $50
Out of Pocket balance for parent to pay = fees – CCB = 200 – 50 = $150
CCR amount is 50% of Out of Pocket balance = 150 x 0.50 = $75
CCR paid direct to service is 85% of the total CCR = 75 x 0.85 = $63.75
Total bill for customer
= fees – CCB – CCR paid to service
= 200 – 50 – 63.75
= $86.25
The balance of the CCR, $11.25, will be held until tax time/reconciliation
Last edited by briggsy's girl; June 17th, 2012 at 04:30 PM.
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