As the newest treasurer of the Boy Scout Troop 68 committee it will be my job to pay bills and keep the checkbooks balanced. Some of the responsibilities I am familiar with, but others are presenting a bit of a challenge. I hope to have it all figured out by this month’s committee meeting.
Our troop’s treasury is divided into three funds: the individual Scout’s funds, the high adventure fund, and the general fund. The general fund is used for normal troop operating cost like patches, awards, and some activity expenses. The individual Scout’s fund is the credit earned by the Scouts during fundraising. The high adventure fund is money set aside to assist with the cost of attending a high adventure base or jamboree, thus making it more affordable for a Scout to attend the event.
Troop 68 holds two fundraisers each year. In the spring we hold a Lenten Belgian waffle meal on a Friday night. In the fall we hold a waffle and sausage breakfast on a Sunday morning in October. The Boy Scouts earn credit for the individual funds based on the amount of tickets they presell. The balance of the spring fundraiser profit goes into the general fund, the fall is used to build up the high adventure fund.
The Scouts are given the option of participating in the council’s annual fall popcorn sales. All profits the troop receives from this fundraiser goes into the boy’s individual fund. It provides a great way for the Scout to build up his credit for summer camp or other troop activities.
The troop’s funds are kept in two local financial institutions. The general fund is with the credit union. The other funds are in the bank. Both are checking accounts so it is easy to switch money between the accounts.
Another of my duties will be to give a treasurer’s report at each of the monthly committee meetings. I will explain what our expenses were during the last month, were any income came from, and what, if any, money was transferred from one account to another.
While the job of troop treasurer does include some serious responsibilities I believe it will be fun and rewarding. Best of all, it allows me to remain active with the troop although in a smaller capacity than I did as the scoutmaster.