8/20/2023 0 Comments Sample budget planningReserve Fund. A reserve fund should be established by a gift or loan from the chartered organization, members of the committee, or by a unit money-earning project.Remember large district, council, and national events as well such as Cuboree, Peterloon, and National Jamboree. Is the unit helping to offset the cost of summer camp. This might include campouts, Blue & Gold banquets, Red’s games and more. Be sure to include your planned unit activities for the year. This $5.50 is paid with the member’s application or paid altogether during the charter renewal. Unit Accident Insurance. Each unit should be covered by unit accident insurance to help meet the costs of medical care if accidents occur. They should understand that the Boys’ Life subscription cost is not a required part of the national membership fee. When reserve funds do not pay for the subscription, then the child or their parents may be asked for the amount. It is part of a child’s growth in Scouting too, and research proves they will stay in longer and advance further if they read Boys’ Life. If the reserve funds will allow, the new youth, during the charter year should be signed up for Boys’ Life on a pro- rated basis. Every Scout is encouraged to subscribe to Boys’ Life because of the quality of the reading and many articles relate to your unit’s monthly program. Scouts’ Life magazine, the official publication of the Boys Scouts of America, is available to all members at $12.00 (half the regular rate). Note that fees are figured on a monthly basis: This procedure ensures prompt registration at charter renewal time. The unit sends to the council the pro-rated amount for those remaining months.The Balance of the scout’s fee is kept in the unit treasury to supplement their dues in paying the next full year’s fee. When a scout joins, normally the unit asks them to pay the full $66 national registration fee regardless of the number of months remaining in the unit’s charter year. This fee is submitted with the unit’s charter application and helps defray the expenses for the general liability insurance program by providing approximately 25 percent of the funds required to maintain insurance coverage for all chartered organizations and leaders. Every unit is required to pay an annual charter fee of $75. You will need to determine the costs of these items to set the amount of income required beyond the basic registration, insurance, and charter fees.ĭownload our budget template below to help walk you through the steps. The programs your unit wants to participate in and the materials needed for your regular meetings and special outings are part of the other expenses built upon the basic expenses. Once you develop a sound budget for the basics, you can add other things such as your individual programming and equipment needs. The basics should be planned and budgeted first and will form the foundation of the amount of income your unit needs to operate and the amount of funds available for your expenses. It doesn’t matter if you are located in Cincinnati, Ohio, Covington, Kentucky, or Honolulu, Hawaii. These basic items are the same whether you are managing a Cub Scout pack, a Boy Scout troop, or a Venturing Crew. If your job is the management of your unit’s money, your first steps are the basics: basic income and basic expenses. Friends of Scouting Learn more about the Annual Friends of Scouting Campaign.Make A Gift Make a gift to support local Scouts.
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