sorry, don't have time to read some of the long replies here
But I'll chime in quickly
I've recently been doing a fair bit of research around this, having been asked to become the troop treasurer
I find a lot of unofficial/anecdotal recommendations, guidelines, or what have you that all basically indicate what I'm guessing others have posted already. Some of it is official from the bsa side,
BUT...
everything I have seen to date gives the out to the CO, saying basically that this is the suggestion, but it's up to the CO.
Basically, I found that the folks in the church office think that the troop is "owned" by the BSA
I'm guessing, but it seems that this might at least partially come from what seems like a bad practice.... some time long ago, it's been set up so that the troop stands alone. Nothing financial or otherwise is every seen by the church office. My bet is that a lot of units are set up that way.
The most logical way I've seen it explained is still anecdotal
but it goes like this - the troop's assets are owned by the co
the troop manages these assets
and if the troop ever folds, it's the committee's responsibility to use said assets to settle any debts, then whatever is left goes to the co
What I'm working moving forward, is to make the church's address the troop's in the eyes of the bank, so that statements go to the church
and I figure I will need to send periodic reports to them
No doubt lots of questions will be raised when they see the volume of dollars going through
blw2's post in Charter agreement question was marked as the answer