Team Budget, Team Finance, MD Coaches Manual (North London Nationals Hockey)

PrintTeam Budget

TEAM BUDGETS

 

Each team is responsible for its own operating budget during the season. The costs to run a team can be quite substantial and include such items as tournament entry fees, lodgings for coaching staff, postage, stationery, telephone long distance charges, travel allowance, bus travel, etc.  Budgets must be drafted and submitted to the Director – Minor Development no later than July 31st.

 

In order to keep these costs under control we will only allow a maximum budget of

$20,000.00.  Any budgets exceeding $20,000.00 will need to be approved by the Minor Development Team Management Committee.  Team fee per player should not exceed $1,100 which includes the bump up fee to play on a Minor Development team.    

 

Budgets are voted on by the team parents. A majority vote constitutes passing of the proposed budget. Once the budget is approved, it is the parents’ responsibility to uphold the financial requirements as set down in the budget.  Teams are required to report their budget to the Director - Minor Development within 2 weeks of choosing the team, December 1, March 15 and April 15th.  

 

Bank accounts in the name of the team shall be established at the beginning of the season. These accounts must have a minimum of two (2)-signing officers for each team.
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Printed from northlondonhockey.ca on Thursday, February 27, 2020 at 11:46 AM