Best Financial Practices for Scout Units

Slides:

Advertisements

Similar presentations

Compliant and Sound Financial Practices. Unit Finances Do not take handling money lightly. The Treasurer must be honest, above board with all transactions,

Advertisements

USPC Peer Financial Audit Review Presentation for Treasurers, Regional Supervisors and District Commissioners.

For School Related Activities.  An approved vendor pass is required for fund raising activities involving a vendor. The Department of Purchasing will.

USPC Peer Financial Audit Review Presentation for Treasurers, Regional Supervisors and District Commissioners, Club Officers and Sponsors.

BOOSTER CLUBS Can’t Live With Them – Can’t Live Without Them.

Marta G. Stahl, CPA Internal Auditor Laida P. Benavides, CPA Asst. Supt. for Business and Finance September 27, 2011 UISD Parent Organizations 1 9/27/2011.

Treasurer’s Top Ten Tasks

Basic Banking Services - Activity 1

Parent Associations and Parent-Teacher Associations: Financial Affairs - Part 1.

Prepared by. As stewards of a chapter’s money the chapter officers are responsible for the careful handling and dissemination of funds.

ENA Chapter Treasurer DUTIES AND RESPONSIBILITIES.

Session 102: Treasurers for Non- Treasurers Jennifer Young, Treasurer Virginia PTA 2012 Annual Conference July 13, 2012.

 All payments require some form of documentation.  Check backup should included a request for payment signed by the administrator. The request amount.

Financial Resource Management Recommended Best Practices Training for Volunteers and Support Groups.

PTA Treasurer Training Pam Grigorian August 20, 2015.

ASHRAE Chapter Treasurer Chapter Financial Risk Management for International Chapters Chapter Financial Risk Management for International Chapters.

Financial Management for State and Regionals: Best Practices for Busy Leaders Ari Kaufman, Associate Registrar for Operations – Berklee College of Music.

What Every Treasurer Must Know Teresa Williams, National PTA Secretary-Treasurer Jeanice Aikens, National PTA Chief Financial Officer © National PTA, 2010.

Best Council, BSA Council Training Syllabus 1 Financial Management For Council Events & Activities.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-2 Bank Reconciliation  Bank statement  Bank statement reconciliation  Recording.

LITTLE LEAGUE BASEBALL District 17 Workshops 2008 Season.

Best Practices: Financial Resource Management February 2011.

Keeping Tabs On Your Cash. Lesson Goals: Entrepreneurs will learn: –Basic elements of a record keeping system –Records needed to meet tax requirements.

Accounting for Cash Module 7 Illustration Petty Cash and Bank Reconciliations Correlated to “The Accounting Course Manual,” Craig M. Pence, 2004.

© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

1 AFCEA International Chapter Accounting and Tax Update 13 May 2013 AFCEA EAST 2013.

Keeping Tabs On Your Cash. Records Provide Information About profitability To make sound business decisions To set profitable prices To alleviate financial.

Treasurers Association 2012 Annual Meeting New Treasurer Orientation.

Booster Club Finance Training Wylie ISD Finance Division.

Accounting and Record Keeping It’s Your Business, Take Control… Bottom Line Solution

Financial Exchanges Copyright © Texas Education Agency, All rights reserved.

Board Financial Oversight Governing Board Online Training Module.

INSPIRE | EQUIP | CONNECT |. Agenda What does the book of order say? What is the financial guide and checklist for? How do we use the checklist? What.

Club Best Practices Officer Roles and Responsibilities.

PTA Treasurer Ensure the unit’s financial records are audited according to the bylaws before assuming his or her duties; Ensure the filing of the unit’s.

Purchase Requests. What is it?  Form that allows Student Clubs and Greek Organizations to access their funds. The Student Clubs and Greek Life office.

PTA Finance Training 2015 California State PTA. The Finance Team Association Members The President The Treasurer Board Members The Secretary The Financial.

 Safe – don’t have to carry cash, but easy access to money  If carry cash, too easy to spend  Provides you w/ a record.

Booster Club Finance Training

Presidents’ and Treasurers’ Training

Nelda Myatt, Accounting Manager

Finance Training Preparing for the Audit

MONEY MATTERS 101.

PTA Treasurer Training

MONEY MATTERS 101.

Sarbanes-Oxley, Internal Control, and Cash

Summary of Bank Reconciling Items

Unit Treasurer Workshop/PTA-Economics

Personal Finance Chapter 5.

Hospitality Financial Accounting Week 9 Internal Control and Cash

Finance Training Preparing for the Audit

Objectives This lesson will help you learn best practices for financial management and apply them to the areas of: Ethical Handling of Funds Collecting.

JOURNALIZING A PURCHASES DISCOUNT

Types of Cash Accounts Imprest Payroll Account Branch Bank Account

Financial Management Lesson 2: Bank Statements and Payroll

Teen Living Review Objective 10.03

Iowa Extension Council Association Iowa 4-H Youth Development

Iowa Extension Council Association Iowa 4-H Youth Development

HARLINGEN CISD Business Office

Semi-Annual Audit Form 1295.

Sarbanes-Oxley, Internal Control, and Cash

Financial Responsibilities

Treasurer’s Training Jessica Farfan 2018.

ASHRAE Chapter Best Practices

Tips and tricks for your activity accounts

Daily Financial Practices

Not-For-Profit Clubs FINANCIAL MANAGEMENT PAT CHRIST CAYSA TREASURER.

Associated Student Body Year-End Close Procedures

Making Funding Work For You

Presentation transcript:

Best Financial Practices for Scout Units Capitol Area Council Austin, Texas

Who manages the money? Everyone on the Unit Committee is responsible for the finances of the unit! Appoint a Treasurer Have the Treasurer report at each committee meeting Be willing to answer questions from volunteers about the finances of the unit

Banking Open a Checking Account Two names on the account – not related parties! Checks/withdrawals require 2 signatures Have signers be on committee Cash Balance, receipts and payments are part of Treasurers report All funds pass through the bank account

Banking Oversight Monthly reconcilation Bank balance +/- outstanding items = book balance Reconciled by someone other than the Treasurer (or at least inspected) Second person looks through check images Make sure vendor names make sense Look at amounts, make sure match statement

Petty Cash Committee sets a limit for petty cash Treasurer tracks petty cash Who has it? When did they check it out? How much? After activity, remaining petty cash is returned to Treasurer with receipts

Deposits with Capitol Area Council Units may deposit funds with CAC Registration Shop merchandise Where to get forms Scout Shop Controller Your District Executive Designate authorized persons Similar to a Debit Account No substitute for a checking account Not credit account Sales History/Account History Available

Tax ID Numbers Your entity is chartering organization Ask charter partner to share T.I.N. Do not use a volunteer’s social security number Form SS-4 at www.irs.gov Tax hotline 1-800-829-4933 Form 990-N

Exempt Status? Your unit is exempt if: Do not incorporate Chartered by a tax-free entity or Chartered by a church Do not incorporate Your unit is part of your chartering organization Do not apply for tax-exempt status Units are not legal entities Unit Status = Charter Partner Status Churches Have tax-free status May not have applied for a “determination letter”

Donations Units may not solicit cash donations Soliciting violates charter and bylaws Units may accept cash donations Local council does not receive gifts on behalf of units Volunteerism grants may not go to units

Call your District Executive Questions? Need help? Call your District Executive