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Troop 7 Scout Accounts
 
 Troop 7 uses the "Scout Account" system to encourage our Scouts to take some responsibility for the costs of the scouting activities in which they participate.  The details are listed below.
 
       1) Money earned through Troop Sponsored or Approved Fund Raising events will be deposited into individual Scout Accounts.  (Note : A small portion of the proceeds is normally deposited into the Troop 7 General Fund.  The specific proportions for each fund raiser are set by the Troop Committee and are published before funds are collected.)

       2) Money held in Scout accounts may be used for any "Scouting Related" expense.

       3) Examples of "Scouting Related" expenses are; purchases at the Scout Shop, camping equipment, Troop 7 T-shirts or sweatshirts and fees for Scouting activities.

       4) For purchases, receipts documenting the purchase must be presented to and approved by the Troop Treasurer. Reimbursements will then be made from the Scout account.  The Troop Treasurer will call on the Troop Committee to approve "unusual" requests for reimbursement.

       5) Funds will be automatically withdrawn from the individual Scout's account when he signs up for a Troop activity that involves a fee or deposit, provided that the account holds sufficient funds.

       6) Funds will be automatically withdrawn from the individual Scout's account when he Re-Charters with the Troop, provided that the account holds sufficient funds.

       7) The balance of an individual Scout account will be transferred to the Troop General Fund if, for any reason, the Scout leaves Troop 7.  Also, the balance of an individual Scout account will be transferred to the Troop General Fund when the Scout turns 18 years of age.  However, if a Scout turns 18 but continues with the Troop as an Adult Leader or as a member of the Troop 7 Venture Crew, the balance of the Scout's account may be applied to fees for those activities.  (Note : The Troop Committee may choose to amend this provision for an individual Scout if unusual circumstances exist.)
 
Quarterly Reports detailing each Scout Account's activity will be available to help Scouts and Scouting families plan their budget for upcoming activities.  
 
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