4-H answers questions about risk, finance and property ownership
- Should counties carry bonding insurance for 4-H?
- Since 4-H is tax exempt, does it still need to collect and remit sales tax?
- If a county has purchased a sound system valued at $5,000, does the University carry insurance that will replace the item?
- Are 4-H volunteers covered under University insurance?
Do you know the answers to these questions? This winter, Minnesota's 4-H youth and adult volunteers are learning the answers to these and other questions of risk management, real estate and tangible property ownership, and fiscal management. Learning the answers could save counties and 4-H federations dollars and potential headaches.
Minnesota 4-H staff members are holding meetings to help county 4-H volunteers, county fair boards, county Extension committee members and partnering agencies gain an understanding of the complex financial, legal, insurance and tax-related issues that require consistent, fair solutions. Working together to identify solutions to local issues and developing consistent policies and procedures will protect Minnesota 4-H youth, volunteers and staff.
For more information, talk to your regional 4-H educator or county 4-H program staff.