David F. Delman (Delman01@COMPUSERVE.COM)
Thu, 25 Sep 1997 13:20:26 -0400
I have seen several practices of Individual Scout Accounts
and want to learn what exists.
Deposited to these accounts can include dues, the scouts portion =
of any fund raising event, and direct deposits. =
What are your rules?
Do you exclude certain methods for how it goes in?
How do you hold?
Do you give them interest?
What rules do you use to disburse the money back
for or to the scouts?
Please tell me any of your rules, interesting techniques,
A> Accounts totally belong to the troop. Yes they can deduct =
money from their accounts for their proportional payment of =
an upcoming event, or maybe a Class B shirt, yet the money is =
Troop Money for the Adults to make decisions concerning.
The boy is never to consider the money as His Scout Money.
B> The money is for their individual scouting experience
as a life long experience starting now.
This troop does the same as "A" adding a great flavor. =
Buy a sleeping bag, or a stove, tent, or plan for Philmont.
If you transfer to another troop and show proof the troop =
will transfer your money for your continuation. =
Each fund raiser has an agreed upon apportionment between =
troop and individual accounts. If and When the boy leaves =
scouting for good the money does stay with the troop.
So it behooves the boy leaving scouting to buy a thermorest
or a coleman stove to use up his life long scouting money.
C> The money is yours. Do what you wish. When you leave =
the troop we will give you a check
(This I believe is against IRS rules, although some use it)
YiS, IMHO, and may we each attempt to live the SO,SL,SS,SM
Mr Dave (Hawleyton, NY (Susquenango Council=
Terry Howerton Sakima Group, Inc. SCOUTER Magazine Kansas City