Ms. Hammerbeck gave a brief overview of the Colorado Child Care Association. She noted that she is the owner and operator of three child care centers and that she has been an owner for about 10 years. She presented a brief slide show of representative centers around the state. At two years old, the reimbursement rate is about 69 percent. Overall, for all ages, the reimbursement rate is about 80 percent.
Profit margins are approximately three to four percent.
Representative Tupa asked which regulations she feels are not necessary. Ms. Hammerbeck responded, noting several regulations that may be necessary for the center to track, but are not necessary for the state to check. She said that many of the regulations are good business practices but are not necessarily health and safety issues. She noted that she would advocate a revision of the rules and regulations but that the state needs to decide what purpose it should serve. She responded to questions from the committee.