Where do Scout Bucks come from?
The Troop Committee decides prior to a
fundraising event how the profit will be split, or if it will be split,
between Scout Bucks and the Troop General Fund. For example it might be split on
a 60/40 percentage, with 60% for the Troop and 40% for Scout Bucks. (The
granting of Scout Bucks is at the discretion of the Troop Committee.)
What is a Scout Buck?
It is an individual Scout’s portion of
designated profit earned from a Troop 1018 fundraising event.
How are Scout Bucks calculated?
Scout Bucks are computed in the following
manner: 1) The total dollar amount of Scout Bucks possible for a fund raiser is
established; 2) Total hours worked or number of items sold or a combination of
the two for all Scouts that participated in the fundraiser is established to
get a total unit count; 3) A unit amount is calculated based on total
dollars/total units; 4) Each Scout’s units are totaled; 5) The unit amount
is then multiplied by each Scout’s unit total; 6) All Scout Bucks are
totaled, this total equals the total Scout Bucks amount possible; 7) The Scout
Bucks are distributed to each Scout’s account and kept separate from the
General Fund.
Who can earn Scout Bucks?
Any registered Scout or Scout Leader.
Additionally Scouting families or friends, if they participate in a Troop 1018
fundraiser, can earn Scout Bucks for a specific Scout.
What is the purpose of Scout Bucks?
The purpose is to reward a Scout that
participates in a fundraiser on an individual basis based on their efforts.
What can Scout Bucks be used for?
Scout Bucks can be used for: 1) any type
of Scouting fee (camping, camporees, dues); 2) Camping/hiking equipment that
will be used for Scouting; 3) Scout Uniforms; 4) or any other item that the
Scoutmaster approves.
How are Scout Bucks redeemed?
If a Scout wishes to use Scout Bucks for fees or dues, contact the Troop Treasurer directly.
If a Scout wishes to use Scout Bucks for Scout Uniforms, bring the receipt to the Troop Treasurer and a check will be issued.
If a Scout wishes to use Scout Bucks for hiking/camping equipment he must get Scoutmaster approval (this enables the Scoutmaster to assist the Scout in purchasing the correct equipment). After purchase the receipt should be given to the Troop Treasurer and a check will be issued.
Redeeming Scout Bucks for any other purpose is at the sole discretion of the Scoutmaster. He will inform the Troop Treasurer of who should be receiving Scout Bucks and a check will be issued.
*Checks will never be issued in excess of a Scout’s Scout Bucks balance.
Who can redeem Scout Bucks?
Any Scout in good standing and who is
active in the Troop.
What happens when a Scout leaves the
Troop?
When a Scout moves on, Scout Bucks can be
used to purchase equipment (with Scoutmaster approval) up to 30 days after the
Scout gives the Scoutmaster notice that he will be leaving the troop. If the time period
lapses; Scout Bucks revert to the General Fund. If a Scout becomes inactive
and the Troop Committee has established that the Scout will remain inactive,
the money reverts to the General Fund.
What happens when a Scout turns 18?
A Scout has 30 days to purchase equipment
(with Scoutmaster approval) after his 18th birthday to redeem his
Scout Bucks, if he does not his Scout Bucks revert to the General Fund. A Scout
may register with the intent of becoming an active adult leader with the troop;
in this case his Scout Buck account would remain intact.
This is not intended to be all-inclusive.
The Troop Committee will review other matters regarding Scout Bucks and their
use as needed.
This page last reviewed/updated 27 Oct 2003