E. Individual Scout Accounts
The Pack Treasurer will set up and administer an “Individual Scout Account” (ISA) Program for all registered Scouts in Pack 529.
a. The Scouts will earn money for their ISA through distribution of a portion (to be determined by the Pack Committee) of profits from fundraising activities they participate in.
b. The ISA Program will be a “paper” account maintained as a portion of the Pack General Fund allocated to the ISA.
c. All funds in the ISA Program will be spent on BSA equipment or activities, subject to approval of the Pack Committee Chairman, the individual Scouts' Den Leader, and the Scouts parent(s). The main emphasis will be on summer camp after crossover, and/or individual camping equipment.
d. If a Scout is dropped from the roles of Pack 529, any funds in his/her ISA may, at the sole discretion of the Pack Committee Chairman, be transferred to the Scout’s new Pack subject to the new Pack’s approval and participation in a similar program.
i. If the Scout’s new Pack does not have a similar program, the funds may remain in his/her Pack 529 ISA and become available to him/her upon completing Webelos II (Arrow of Light) and transferring to a Boy Scout Troop.
ii. If a Scout does not transfer to another registered Pack or Troop within 60 days, all funds in his/her ISA will become part of the Pack General Fund for use by the Pack.
e. Normally, funds will become available to Scouts after completing the Webelos II (Arrow of Light) program in Pack 529 and crossing over to a Boy Scout Troop.
f. Parents or legal guardians can obtain their scout’s ISA balance at any time by forwarding a written request to the Pack Treasurer.
g. If the voting members of the Pack Committee by a majority vote fund ISA’s, the distribution shall be equal to all Scouts whether as a percentage of each individual Scouts total dollar sales or a set dollar amount per Scout. No tiered structure is permitted.