The growing demands for afterschool programming for children is accompanied by an increasing understanding of the importance of quality care and activities to children's healthy development. Among the many challenges faced by the growing number of out-of-school time initiatives are developing financing plans and finding funding that will support long- and short-term goals. This report describes the variety of afterschool programs, analyzes information on the range of total costs and cost elements that such programs experience as well as revenues they receive, presents a comprehensive framework for thinking about necessary cost elements involved in developing and operating afterschool programs and systems, and provides a guide to existing and potential revenue sources for meeting direct service and infrastructure costs. Following an introduction describing the trends underlying the growing interest in and demand for afterschool programs, the report describes the heterogeneity of afterschools programs. The report provides a framework of cost elements and examines what is known about the total costs of these programs, including start-up costs, operating costs, capital costs, and infrastructure costs. Funding sources and revenues are examined, including parent fees; public funds from federal, state, and local government; private funding; and in-kind contributions. Also discussed are ways to fund the afterschool infrastructure, including facilities improvement, professional development of providers, and technical assistance to programs. The report concludes by noting that community leaders are finding creative ways to finance afterschool initiatives, and are drawing a widening circle of partners into action. A list of cost elements for afterschool programs and systems is appended. (KB)