What is I.A.P.?: I.A.P. stands for Individual Account Program. Generally the Pack participates in 4-5 District held and 1-2 Pack only camping events. Popcorn sales, garage sales, camp cards & all other fundraisers, help offset each families investment by means of the IAP.
Popcorn Sales: The Pack earns 30% of the total sale amount. The Pack puts aside 30% of that amount into the IAP account and distributes it as “credits” directly to each Scout that sells popcorn. So for example, if the Pack sold $10,000 in popcorn, that means the Pack earned $3,000 profit, which means $900 goes into the IAP account. If Scout 1 sold $1,000 worth of popcorn, that means the Pack earned $300. Thirty percent of $300 is $100 so Scout 1 earned $100 in “credits.” These credits can be used to pay for most anything BSA or Pack 202 related, as long as the Scout remains in Pack 202. If the Scout leaves Pack 202, the funds will go into the general account and used for general Pack expenses. The family must tell the Committee Chair and/or Treasurer how and when they want to use their “credits.” The Treasurer will not assume you want to use your Scout’s credits to pay for a trip or activity you participated in.
Garage Sales: The Pack has had several very successful Garage Sales held on the front lawn of the church. Monies are distributed the same way as they are for Popcorn, however, the Pack profits more because there are no outside expenses. So a Scout stands to earn significantly more from a garage sale. For example, if the Pack makes $2000 at a garage sale, $600 goes into the IAP account. There are usually three (3), four (4) hour shifts; one the Friday night before and two the Saturday of the sale. That means each shift equals $200. If 3 Scouts work the first shift, each Scout gets about $66. If 4 Scouts work the 2nd shift, each Scout gets $50. If 2 Scouts work the 3rd shift, each Scout gets $100. We also may run a car wash as well to collect additional donations.
Camp Cards: For the 2011-2012 Program Year, the camp card program is not included in the IAP accounting system. Instead we will use the Camp Card Fundraiser as an incentive to earn FREE admission for two to the Pack’s BIG campout, which for this year is planned for the Tampa Aquarium “Sleep With The Fishes” Sleep Over in March.
Below is a breakdown of the activities planned, and their approx. costs, for the 2011-2012 Program Year. You can visit the IAP (Individual Account Program) page for details on how to earn “credits” towards these costs.
|Activity||Approx. Date||Payment Due||Cost||Food Incl.?|
|Possum Creek||Oct. 7-8||Sign up with District||$8 per person||Breakfast Sat.|
|Fall Frog Jog||Nov. 20-22||November 1||$35 Scout & Partner; $15 add’l person||All meals Sat., Sun breakfast|
|Buc Tuocs||Feb. 1-3||Jan. 25||$10 per person||None|
|Pack Spring Campout||Mid-Mar.||Mar. 2||$15-30 per person||snack Fri. night, light breakfast Sat|
|Spring Frog Jog||Apr. 19-21||Apr. 1||$35 Scout & Partner; $15 add’l person||All meals Sat., Sun breakfast|