Purpose
The NMHA strives to ensure that all team funds are accounted for and are being spent responsibly.
General
Teams are required to open a team bank account with two signing authorities. Personal bank accounts are not allowed to be used.
Team budgets must be approved by the team players/parents and then submitted to the HL Manager Liaison.
Teams can collect a maximum of $400 per player (U11 - U18) and $350 per player (U9) in extra fees (over and above hockey registration fees).
These fees are used by the team for various expenses including but not limited to: NMHA game jersey deposit (refunded to the team at the end of the year), tournaments, team parties or events, extra practice ice, and miscellaneous team expenses such as pucks, or first aid supplies.
Team fees can be collected in one or two instalments.
Team fees must be collected by all players by December 15. Team fees are not optional and are not based on player participation in tournaments, fundraising initiatives etc. Teams are NOT permitted to request monies above the $350 team fee. The only additional income for teams must be in the form of legitimate fundraisers and sponsorships (maximum sponsorship amount is $2500). Sponsorships and donations must be reported on the sponsorship form and submitted with the team budget to the HL Manager Liaison.
Allowable team budget expenses (requiring majority consent of players/parents)
- Jersey deposit
- Goalie equipment rental
- Additional practice ice
- Exhibition games (including ice rental, officials, etc)
- Tournament Entry fees
- Team Supplies (pucks, pylons, trainer kit, etc)
- Team administration (labels, photocopying, website)
- Social Expenses (ice breakers, year end party, player gifts, coaching gifts)
Non-allowable team budget expenses
- Off-ice team clothing items are not mandatory and CAN NOT be paid for with team fees. All team clothing purchases are at the individual family discretion.
- Transportation
Approved by Board: August 21 2017