Annual Financial Reporting For Troop Treasurers
Thank you for serving as Troop Treasurer. We are so grateful for your service.
With the annual financial reporting season upon us, we are excited to share some important deadlines, adjustments to the financial reporting process and details with you. We hope you will find these adjustments to be positive changes that not only help simplify the submission process, but aid in better support of your finance tracking needs.
Important Deadlines:
- Thursday, June 27: Troop Treasurers must submit the Troop Financial Report, along with the first and last month’s bank statements.
- Wednesday, July 17: Service Unit Treasurers must review of all Troop Financial Reports that have been submitted.
- Thursday, August 14: Council staff from the Finance department will complete their audits.
Notable Adjustments:
New Online Form:
- For those previously serving as Troop Treasurer, we will no longer be using the Liscio platform.
- Please make submissions using the new Troop Financial Report online form. This report continues to mirror the Troop Finance Tracking Spreadsheet.
- Upon submission of the Troop Financial Report form, a copy of the report will be emailed to the submitter and the Service Unit Treasurer. A case will also be created for Customer Care.
Troop Finance Tracking Spreadsheet Updated:
- This tool has also received enhancements. The spreadsheet now offers two additional tabs, Instructions and Glossary. These additions offer more thorough instructions on how to use the spreadsheet as well as an improved explanation of the income/expense categories and their definitions to help with managing your bank account throughout the year.
- Also, this spreadsheet will now calculate using all positive numbers and it is no longer necessary to enter negative numbers to represent expenses.
Notable Details
- It is mandatory for troops to submit the Financial Report each year to remain in a good standing status with the council.
- In preparation for submitting your report, be sure your calculations of the income and expense amounts balance before you submit the report.
- Each troop should only submit one report and should be submitted by the Troop Treasurer.
- Be sure to read and review the Financial Report Tip Sheet to understand other important notes and details prepared for both Troop and Service Unit Treasurers.
- Links to the Troop Financial Report, Troop Finance Tracking Spreadsheet and the Financial Reporting Tip Sheet are also available on our Forms & Documents webpage under the Finance Forms section.
Forms:
If you have any questions, please contact Customer Care at 800-345-6858 or email customercare@gsofsi.org.
