MSU Extension 4-H

What Is It?

The Annual Financial Summary Report lists a 4-H group’s financial activities during the program year (September 1 to August 31).

Why Is It Important?

Michigan 4-H Youth Development is part of Michigan State University Extension, which is part of Michigan State University. Therefore, it is important that 4-H members and volunteers effectively manage public funds raised as part of the activities of a 4-H group. This report is important because it:

• Is a means by which MSU Extension-related organizations help the university fulfill its obligation of fiscal accountability to the residents of Michigan.
• Fulfills the audit concerns of Michigan State University. County offices are audited by MSU and the forms and reports groups submit serve as the basis for the 4-H portion of the audit.
• Creates an open, auditable, public record of whether a group is required to remit Michigan sales tax.
• Verifies which kind of an Internal Revenue Service (IRS) Form 990 the group is required to file. Additionally, if the group qualifies to file the required 990- N (e-postcard), it provides the county 4-H program coordinator with the information so they can submit it to the State 4-H Office to complete it.
• Completes a federal requirement for financial accounting by 4-H groups.
• Is wise fiscal practice because it protects a group’s treasurer, adult volunteers and the 4-H organization.

Who Must Complete It?

Any group, other than a 4-H SPIN club, that uses the 4-H name and emblem must complete and file a copy of this report whether or not it handled any money during the year.

It is recommended that the group treasurer complete this report in conjunction with the group leader.

4-H SPIN clubs with funds must complete a 4-H SPIN Club Record of Finances instead of an Annual Financial Summary Report. The group leader should consult the local 4-H staff about this.

For additional information about completing this form, view the Financial Manual for 4-H Treasurers: Managing Money Wisely or the Financial Manual for 4-H Volunteers: Leading the Way to Financial Accountability. 

*Note: In order to use all features of the fillable form, please download the file and then open it with the Adobe program on your computer. Using the web version (within your browser) will restrict some of the capabilities of the form.