Scoutmaster: jon@jonsouer.com

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  Parent Handbook - Financial Information

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Troop Finances - All activities a Scout (Boy) or Scouter (Adult) takes part in are the financial responsibility of the participant. The only expectation is when a Scouter undertakes BSA sponsored training. In most cases the troop will reimburse for that training when approved in advance and successfully completed. In addition the troop and the council have scholarship and worker-ship funds that can be used if a scout would otherwise be prevented from participation in activities. If in need contact your scoutmaster.

The troop can hold funds for both Scouts and Scouters within the troop checking or savings accounts but recorded as a separate "Scout Account" for each person or as a family. The default is for the troop to hold each person separate. If you would rather have a family account then please contact the troop treasure and the adjustments will be made.

Money can be deposited into the scout account and then be drawn to pay for activities. If the family or participant chooses he can also just pay for activities as they arise. The cost will be the same either way. Any overpayments for activities will be credited into that account. In addition purchases made on behalf of the troop can be credited into the scout account rather then getting cash reimbursement at the discretion of the person that made the purchase.

Monies earned in any of the troop or council sponsored fundraising activities will be deposited into the participants scout account based on a 20% for the troop and 80% for the participant ratio. The 20% for the troop are general funds and are used to pay for expenses of the troop. This is the most common method for the troop to get funds to operate on. Donations are always welcome.

Financial records are maintained by the troop Treasurer. These records are available by contacting the troop Treasurer and asking for your current balance. Please note that the troop balance sheet shows the troops responsibility so your report will have a negative balance if you have money in the account. If the balance is positive you owe money. The troop committee also reviews a summary of the financial records at its' meetings without names attached to the individual accounts.

If a scout leaves the troop any remaining monies in that scout's Scout Account will be transferred to the general fund. There are two exceptions to this. If the scout has attained the rank of Eagle the monies will be paid to him. If the monies are from direct deposit or expenses paid for the troop rather then fundraising the money will be refunded.

Once a year the council will ask for funds under a program called "Friends of Scouting". This program is different then the troop funds and it use to pay for programs offered through the district rather then this troop. Participation in "Friends of Scouting" is strictly up to the individual.

Fundraising - Fundraising is an essential part of the scouting program and is done in an effort to help all scouts pay for any program(s) they are interested in doing. It is also how the troop gets the money to pay for awards, provide programs for the boys, equipment for the troop, training for both youth and adult leaders, and the other troop related expenses. Each scout is expected to participate in at least one of the fund raising activities but may do as many as he chooses. Fundraising activities are:

• Popcorn Sales
• Wreath Sales
• Aluminum Can Recycling
• Other events as approved by the committee

Village Fest Booth sales go directly to the troop general fund. This is more of a community outreach than a fundraiser.