KMHA: Policy # F2
Title: Finances and control thereof
Policy Statement: It is required that each team with a team budget greater than zero (0) open a bank account in the name of the team at the beginning of the season. All team names for the purposes of accounts will be designated by KMHA. These accounts must have a minimum of two (2) signing authorities for each team and at least one (1) parent must be a signing authority and also must sign each disbursement. The Head coach may not be a signing authority. Any KMHA team or group of teams wishing to raise funds must adhere to the corporate fundraising policies.