KMHA: Policy # F8
Title: Finances and board of directors’ expenses
Policy Statement: The board of directors for the association shall be responsible for approving expenses either full, or in part, in regard to the attendance of board members, league convenors or other personnel meetings, tournaments, playoffs, and special events which would involve funds from the KMHA treasury.
The directors shall also determine the per diem that will be the responsibility of the association in regard to meals and lodging. All travel costs and necessary event related expenditures to be assumed by the association shall require the approval of the board of directors. Receipts will be required at the conclusion of any such event and prior to the settlement of the account by the treasurer (per diem expenses included)
Each director is empowered by his position to spend up to a maximum of $1000 total for his or her particular division without board approval. The director must inform both the President and the General Manager before such a purchase can be made.
The board of directors shall be empowered to establish a policy involving funds from KMHA treasury regarding the transportation of teams involved in inter-city travel. This policy shall also define who is eligible to travel and at what cost.