Understanding 4-H Club Finances
Why would we ever want to have
youth responsible for money and
how exactly do we oversee it?
University of Wyoming 4-H Youth Development
It gives youth experience and
prepares them to handle money
responsibly as an adult
University of Wyoming 4-H Youth Development
Financial Guidelines
Allows youth full access to and responsibility
for managing the club’s funds while
controlling the risk of financial loss
• one checking account and one savings account per club
• checking account not to exceed $1,000
• savings account not to exceed $2,000
• may exceed limits with a specific purpose and fundraising goal
• keep excess funds in a county 4-H council or 4-H foundation’s
treasury in a line item designated for your club
University of Wyoming 4-H Youth Development
Financial Requirements
All money raised under the name of
4-H are public funds
• EIN Number (Employer Identification Number)
• 4 active signers on each financial account
• 2 must be UW CES Employees
• Annually submit completed Treasurer’s Handbook
University of Wyoming 4-H Youth Development
Developing a Budget
and
Fundraising Guidelines
• When you know what the club wants to do, then you can begin to
figure out how much it might cost and how the club wants to pay for it
• all money raised using the name of 4-H must be used only for 4-H
purposes.
• fundraising should be conducted to meet a club goal
• Income and Fundraising Request Form – keeps communication open
• income from dues, donations, etc can be spent at the discretion of the
club members
University of Wyoming 4-H Youth Development
Club Property
• Annual Inventory Report – submitted annually and kept on file at the
county extension office
• club dissolution – property should be delivered to the county
extension office for future use in 4-H activities
University of Wyoming 4-H Youth Development
Resources:
Wyoming 4-H Club Treasurer’s Handbook available at
http://4-h.uwyo.edu/Wyo4H/4-HWebsite/Publications/Organization_Kit_Main.htm
National 4-H Headquarters Fact Sheet, Charters: The Key to Official Recognition
Wyoming 4-H Philosophy Fact Sheet, Financial Recommendations, 2008
Wisconsin 4-H Club Financial Handbook for Leaders, 1998
Prepared by Kim Reaman
University of Wyoming 4-H Youth Development
Volunteer Development Specialist
March 2010