[Bobwhite Blather] Financial practices for units: The unit budget
Bobwhite Blather Scouting Blog
bobwhiteblather at lists.bobwhiteblather.com
Mon May 4 07:26:04 PDT 2015
There's a new item at Bobwhite Blather: 'Financial practices for units: The unit
budget'
Now that many troops and packs are winding down the most active part of their
program year and are looking forward to scaling back a bit over the summer, and
as adult leadership and committee assignments often change, it's a good idea to
review how you do business, from a business standpoint.
While most Scouting units don't fall in the "small business" category, they do
tend to handle a fair amount of money during a typical year. For a Cub pack,
registration and membership fees and other costs such as insignia can run
upwards of $50 per year per Scout. Add in fundraising proceeds, family camp,
Blue & Gold banquet, Pinewood Derby trophies and day camp, and you could hit
$10,000 without much trouble. In a troop, this can skyrocket when you factor in
equipment, camping and high adventure. A typical troop can run $25,000 or more
through its checking account in a year's time, and if the troop uses a system of
Scout accounts, the amount of cash held in the bank can be substantial.
How, then, does a unit best maintain the safety and accountability of these
funds?
Read the rest of this post at
http://bobwhiteblather.com/financial-practices-for-units-the-unit-budget/
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Best regards,
Bobwhite Blather
scouter at fmaynard.com
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