Understanding 4 h club finances
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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 .

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Understanding 4-H Club Finances

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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

  • 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

Allows youth full access to and responsibility for managing the club’s funds while controlling the risk of financial loss

University of Wyoming 4-H Youth Development


Financial Requirements

  • EIN Number (Employer Identification Number)

  • 4 active signers on each financial account

    • 2 must be UW CES Employees

  • Annually submit completed Treasurer’s Handbook

All money raised under the name of 4-H are public funds

University of Wyoming 4-H Youth Development


Developing a BudgetandFundraising 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.htmNational 4-H Headquarters Fact Sheet, Charters: The Key to Official RecognitionWyoming 4-H Philosophy Fact Sheet, Financial Recommendations, 2008Wisconsin 4-H Club Financial Handbook for Leaders, 1998

Prepared by Kim Reaman

University of Wyoming 4-H Youth Development

Volunteer Development Specialist

March 2010


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