Contribution for Scouts

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
allenjpl
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Joined: Wed Apr 08, 2009 9:26 am
Location: Las Vegas, NV, USA

#11

Post by allenjpl »

wrigjef wrote:This problem is addressed rather easily in our stake. If the funds are for a specific activity, scouting or otherwise, an AMFA account is set up and units are strongly encouraged to turn those funds around, reach a 0 balance and close (deactivate) the account ASAP, definitely by the end of the year.

If the funds are not for a specific purpose or activity then members (or non-members) are instructed to make the check out to the BSA or local council and when we send the funds in, we request that they be put into what is called our Z-account. In either case tracking the contribution for tax purposes is the responsibility of the contributor.

Although this may simply be a matter of local interpretation, our wards have been instructed by the stake that accounts with the BSA Trading Post, or BSA Z-accounts constitute a separate account, and violate the policy that wards may only have the single checking account.
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wrigjef
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Joined: Sun Mar 01, 2009 8:38 am
Location: Chesapeake, Virginia

#12

Post by wrigjef »

allenjpl wrote:Although this may simply be a matter of local interpretation, our wards have been instructed by the stake that accounts with the BSA Trading Post, or BSA Z-accounts constitute a separate account, and violate the policy that wards may only have the single checking account.

Definately a matter of local interpretation. Our wards do not have Z-accounts only the stake does but it is only a BSA buffer account for funds that are owed. The stake outs money in and the BSA takes money out. Nothing gets sent to that account unless BSA invoices us or tells us we owe for registrations.
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