Boy Scouts of America Lovett Troop 304 - Boy Scout Troop 304 ...

Finances
Troop 304, Cub Scouts of America
The Lovett School
Kevin Link - Scoutmaster
www.lovett304.com
The Treasurer keeps detailed financial records of all matters related to the operation
of the Troop. Our troop is funded through Scout dues and fundraising (popcorn
sales) profits. Outing related expenses are funded by the participants attending.
Each Scout has an account established by the Troop to record all activity including
proceeds form fundraising sales and expenses related to outings. Any expenses
incurred by that Scout or the family will be directly reimbursed or credited to the
Scout’s account. Scouts arriving late and/or departing early will be charged the
same rate as all Scouts.
During the year, statements will be provided detailing the Scouts financial position.
This statement will reflect the Scouts proceeds from fundraising and any charges
for that Scout’s participation in outings (including a parent’s participation.) The
net position of the account may require reimbursement to the Troop or a check paid
to the Scout’s family for reimbursement of expenses incurred. (Obviously
fundraising profits are not included in any reimbursement.)
All checks should be made payable to Boy Scout Troop 304 and sent to the Troop
Treasurer.
Expenses requiring reimbursement must be handled by the Treasurer by submitting
receipts and completing the Troop Expense Report found online. Outing related
expenses must also include a list of the participants involved so that expenses can
be directly charged to the appropriate Scout. Total event expense will be equally
distributed to each Scout’s Troop account Late arrivals and early departures are
charged the same as all other Scouts. Adult leaders and event drivers are not
charged unless significant expenses (hotel charges) are incurred. Expenses can be
paid back by check or credited to a Scout’s account.
The Troop retains a portion of all dues and fundraising profits and will use those
proceeds for awards, ceremony expenses, camping gear, instruction materials, and
general operating expenses. The Troop committee will review these expected
expenses each year.
Troop Guide 16 Be Prepared!