gsmwlp girl scout troop/group financial policy quiz & answers

GSMWLP GIRL SCOUT TROOP/GROUP FINANCIAL POLICY QUIZ & ANSWERS
15) Parts of the Girl Scout Law: "using resources wisely", and
“responsible for what I say and do” are great ways to
discuss money matters with your troop T or F
Answer: True
Found: Girl Scout Law.
16) The purpose for troops earning money is:
a. Teaching girls goal setting strategies
b. Help others in your community through services or
donations
c. Off set simple expenses that occur in the function of a
troop
Answer: A, B, and C Found: Safety-Wise pg. 74.
17) If you are "good with numbers", it's OK to work from petty
cash and not open a troop checking account. T or F
Answer: False
Found: Volunteer Resource Guide.
18) When opening a troop checking account, the 01 leader
should use their social security number T or F
Answer: False
Found: Volunteer Resource Guide.
19) Our tax-exempt number allows you to get craft supplies for
the troop/group without paying tax T or F
Answer: True
Found: Volunteer Resource Guide.
Note to trainer: Refer each participant to the page XX of the
Resource Guide for a copy of the Certificate of Exemption.
20) If new leadership has been recruited for an existing troop,
the retiring troop leader should transfer all supplies,
financial records, and bank account information and
materials to the new leader
T or F
Answer: True
Found: Volunteer Resource Guide.
21) If a troop's account is more than a hundred dollars at the
end of May you should...
a. Have the girls plan a party
b. Ask girls if they want to donate the money to a worthy
cause
c. Attach an explanation to your troop finance report as
to what you plan to do with the money at a later date
23) Funding for Financial Aid/Opportunity/Scholarship Funds
comes from:
d. Girl Scout Product Sales, Give to a Girl
e. Friends of Girl Scouting Campaign, United Way
f. Staff, board and other contributions
Answer: A, B, and C Found: Volunteer Resource Guide.
24) Proceeds from the Girl Scout Product Sales become the
property of individual girl members.
T or F
Answer: False
Found: Volunteer Resource Guide.
25) Our Council agrees to adhere to GSUSA policies to maintain
their Council charter, one of which is ensuring troop financial
reports are completed yearly by June 1.
T or F
Answer: True
Found: Volunteer Resource Guide
Note to Trainer: Remind participants that you will be educating
them about Troop Financial Reports after this quiz.
26) If an unsolicited donation is given to Girl Scouts at the
community level the monies can be deposited into the Service
Unit Checking Account.
T or F
Answer: False
Found: Volunteer Resource Guide.
Note to Trainer: All monies must be run through the Girl Scout
Council Office for recording purposes and to allow the donation
to be tax deductible.
27) Aside from Troop Sponsorships, adults within a Service Unit
can solicit donations on behalf of GSMWLP in their community
from various businesses and organizations. T or F
Answer: False
Found: Volunteer Resource Guide.
Note to Trainer: Special Circumstances may arise and at that
time the Girl Scout Adults must talk with the Fund
Development Director.
28) Girl Scout Troops/Groups may catalog books at the local
library book sale.
T or F
Answer: True Found: Safety-Wise pg. 76.
29) Each troop checking account must have a minimum of two
signers.
T or F
Answer: A, B and C Found: Safety-Wise pg. 74.
Answer: True
Found: Volunteer Resource Guide.
22) Financial Aid/Opportunity/Scholarship Funds are given to
individual girls and adults, not to troops. T or F
30) The income from group money-earning activities never
becomes the property of individual members. T or F
Answer: True
Found: Volunteer Resource Guide.
Answer: True Found: Safety-Wise pg. 76
Mini Troop/Group Finance Adult Training hlt Page 2
GSMWLP 4/09 #8901