Written by Mike Swofford Monday, 14 June 2010 22:51
|Unit Budget Planning|
|Sample Unit Budget|
The activities a pack, troop, or crew is able to participate in hinges on their finances - both how much funds are available as well as the plan on how those funds are used. It is important to plan out your unit's budget in advance to match the plans of your unit's program calendar. There are several components that go into managing a unit's account and budget throughout the year. This guide can help as starting place for some of the basics for planning your unit's budget.
If your job is the management of your unit's money, your first steps are the basics: basic income and basic expenses. These basic items are the same whether you are managing a Cub Scout pack, a Boy Scout troop, or a Venturing Crew. It doesn't matter if you are located in Cincinnati, Ohio, Covington, Kentucky, or Honolulu, Hawaii. 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.
Once you develop a sound budget for the basics, you can add other things such as your individual programming and equipment needs. 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. 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.
Use the menu on the right or click through the "Next" links below for helpful information about building your unit's budget.
Boys’ Life. Boys’ Life magazine, the official publication of the Boys Scouts of America, is available to all members at $12.00 (half the regular rate). Every boy is encouraged to subscribe to Boys’ Life because of the quality of the reading and many articles relate to your unit’s monthly program. It is part of a boy’s growth in Scouting too, and research proves he will stay in longer and advance further if he reads Boys’ Life. If the reserve funds will allow, the new boy, during the charter year should be signed up for Boys’ Life on a pro- rated basis.
When reserve funds do not pay for the subscription, then the boy or his parents may be asked for the amount. They should understand that the Boys’ Life subscription cost is not a required part of the national membership fee.
Unit Accident Insurance. Each unit should be covered by unit accident insurance to help meet the costs of medical care if accidents occur. This $1.75 is paid with the member's application or paid altogether during the charter renewal.
Other Basic Expenses. These basic expenses include insignia of membership and rank for each boy to ensure prompt recognition, and literature required by unit adult and boy leaders. Because service to others is fundamental in Scouting, the budget should include a goodwill project, Good Turn, or a gift to the World Friendship Fund.
When all of the these basic expense items are broken down per boy member, it should look something like this:
|Other Basic Expenses||$5.50|
This same expense table can be used for registered adults.
Paying dues regularly is not easy, but it does help develop character in an individual boy. It teaches responsibility and a wholesome attitude toward earning his own way.
The weekly or monthly dues envelopes for Cub Scout dens and Boy Scout patrols provide a handy means of recording dues for boys who pay on a regular basis, catch up on back dues, or pay in advance. If a boy is behind in dues, adult leaders should find out why. Adult leaders may also help provide a solution through individual work projects.
In some units, boys earn their dues by participating in unit money-earning projects. It is important that such work be credited to the boy personally rather than to the unit as a whole so he will develop a sense of personal responsibility and participation.
Regardless of your dues collection plan, or how many months or weeks they are collected, individual dues should cover the basic expenses, as shown in the recommended budget. You may also want dues to cover a part of the program and activity budget.
As a service to its units and customers, the Dan Beard Council accepts advanced deposits to be held by the council in a custodial account in the name of the unit. The unit account can be used for supplies, registration, Boys’ Life, camp registration fees, or activity fees. Funds from the unit account can be used in the Dan Beard Scout Shop - simply request a balance at the Scout Achievement Center reception desk and bring the balance slip to the store clerks to make payment.
If you wish to use the unit account service, you may simply bring a check or cash in the amount you want to have deposited into the account and a list of names of the people in your unit you wish to have able to use the money in the account. Only those listed will be able to use the account. Only the Committee Chairman, Cubmaster, Scoutmaster, or Post Advisor may change the names on the account and this should be done in writing.
Since this is not a tab, only the amount of money deposited in the account may be spent. No overdrafts are permitted.
Monthly statements are not issued so it is the responsibility of the users of the account to keep receipts and balances. However, if there is ever a question we will be happy to run a balance sheet, or tell you what the balance is in the account.
Every unit in the council has the capability to have an account and one can be started at any time simply with a deposit.
Every unit budget works a little bit differently, but the fundamentals are the same. Using the information from the previous pages, the following template should be helpful in beginning to plan your unit's budget for the year:
|A.||Number of meetings||________|
|B.||Dues amount per meeting||$_______|
|C.||Annual dues per member (A x B)||$_______|
|D.||Average yearly membership||________|
|E.||Total annual dues (C x D)||$_______|
|I.||Total other income (F + G + H)||$_______|
|J.||Total budgeted income (E + I)||$_______|
|A.||Total basic expenses per boy||$35.25|
|B.||Average yearly membership||_______|
|C.||Total basic expenses (A x B)||$______|
|D.||Unit charter fee||$20.00|
|G.||Total budgeted expenses (C + D + E + F)||$______|
Additional information concerning unit budget plans, the treasurer’s job, camp savings, forms, and records can be found in: Pack Record Book, No. 33819; Troop/Team Record Book, No. 34508; Cub Scout Leader book, NO. 33221; and Varsity Scout Leader Guidebook, No. 34827. These items are available through the Scout Shop.
Last Updated on Tuesday, 14 August 2012 14:43