![]() If your charter org is a business, they may want to organize a charitable foundation to oversee their investments in scout units and other philanthropy projects. It will probably need to be registered under the name and Tax ID# of your charter organization. Partial year adjustment: You can declare an odd year - one with either fewer months or extra months for if you want to move your unit from a Calendar Year to a School year fiscal program (or vice-versa).Įach scout unit should have it's own bank/checking account. School Year (Pack) - Preferred format for packs - all the same reasons as above.Year ends with major expenditure event - (summer camp and/or hi-adventure or jamboree).Membership dues and fundraisers are collected at the beginning of the year with eye towards preparing major events of the year.School Year (Troop) - Preferred format for troops and crews with the following benefits:.There are several ways to set the fiscal year for your scout year. Installment payment plan for families experiencing fiscal hardship.Credits for families experiencing fiscal hardship.Credits to offset the fiscal hardship on families with 2 or more youth participating in the unit ("Siblings discount"),.Credits for to encourage adults to accept positions in the unit as a committee member, etc. ![]()
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