2. Team Budget, C. Team Information, KMHA Boys House League Manual, KMHA Manual of Operations (Kitchener Minor Hockey)

Print2. Team Budget
KMHA: Policy # HL - C2

Title: Team Budget

Policy Statement:
All House League teams must have a team budget. House League teams can have a budget not in excess of the sample budget. Teams must follow the criteria outlined below.

Parental approval is required with respect to establishing a budget for team expenses. A proposed budget must be voted on by parents by a secret, written ballot. The budget is approved by 2/3 majority.

All teams that become involved in fund raising, receive parental contributions, and/or possess a bank account, must submit the following to their Convenor and Director for approval:
  • Initial budget approved as above (full budget to actual expense statement)
  • January 1st financial statement to Director – provided at the mid season coaches meeting
  • Year-end financial statement by March 31st.
  • Plus a year-end reconciliation to their parent group and Convenor\Director – provided at the year end coaches meeting
  • Fundraising is done to reduce the budget cost not to supplement it.
  • Bank accounts and cheques must be controlled by two adults that are not coaching staff (or managers) or related to coaching staff.
Fundraising does not require a team majority vote to process anymore but does require that all team members are given an opportunity to be involved.