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loolohman@frontier.com

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Posts posted by loolohman@frontier.com

  1. Well, our pack doesn't have any written policy about cashing out or transferring an individual account. The committee voted to OK cashing out the account with me casting a no vote. The entire amount of money was from popcorn sales. I was concerned because of a potential issue with violating IRS tax policy with regards to non-profit organizations. I also felt cashing out the account was immoral because this money was from popcorn sales. I'm now in the process of writing a policy the committee can vote to adopt so there our hopefully no issues with individual accounts in the future. Any suggestions for wording in a policy would be greatly appreciated.

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