New Member
Let's just say that a ward is planning a youth activity. Upfront costs are incurred based on a predetermined number of youth who have committed to attend. Then the event happens and some youth who committed to attend don't attend and the ward ends up eating the cost.
Would it be OK to collect, let's say, a $50 refundable deposit from each youth who commits to attend. The deposit money is put into an "other" account. If the youth attends, they are refunded their deposit (through reimbursement). Else, if they don't attend, the money stays in the other account and is used to pay for expenses from the activity. This is a way for the youth and their parents to have "skin in the game".
Does anyone see a problem with this? What about just holding the check, not cashing it, and returning it if the youth attends?
Would it be OK to collect, let's say, a $50 refundable deposit from each youth who commits to attend. The deposit money is put into an "other" account. If the youth attends, they are refunded their deposit (through reimbursement). Else, if they don't attend, the money stays in the other account and is used to pay for expenses from the activity. This is a way for the youth and their parents to have "skin in the game".
Does anyone see a problem with this? What about just holding the check, not cashing it, and returning it if the youth attends?