Team Finances

This page provides an overview for the financial affairs for a House League team.

This page should be read by the Coach, Team Manager and treasurer.

Team Budgets

Each team must prepare a team budget and submit it to the CMHA for review.

This is done in two steps:

• a draft budget is submitted by November 15
• a final budget by April 30.

Both the draft and final team budget documents are emailed to the:

• CMHA Vice President of Adminstration
• Convenors for your age division

Please click HERE for the email address.

Here are examples of a draft and final budget:

Team Bank Accounts

For information on setting up a team bank account, click HERE.

Team Financial Policy

4.1 GENERAL POLICIES

• A team's annual budget may not exceed $5000 based on a combination of player support, fund raising, and donations.

• A team may request a maximum of $150.00 per player to support team related activities

• Team related activities include, but are not limited to, tournaments, extra ice, exhibition games, purchase of on ice practice equipment .
• Each team must submit a team approved (i.e agreed to by the parents) proposed annual budget before November 15 to the Vice-President (Administration). A financial statement must be submitted at the end of the season to the Vice-President (Administration) and must be provided to parents.
• Any unused funds at the end of the year must be returned to the parents in equal parts.

4.2 GENERAL POLICIES for IP teams only

• IP teams may institute a budget which cannot exceed $5,000 based on a combination of player support, fund raising, and donations.
• A team may request a maximum of $50.00 per player to support team related activities
• Team hockey related activities include, but are not limited to, tournaments, extra ice, exhibition games, purchase of on ice practice equipment.
• Each team must submit a team approved proposed annual budget before November 15 to the Vice-President (Administration). A financial statement must be submitted at the end of the season to the Vice-President (Administration) and must be made available to parents.
• Any unused funds at the end of the year must be returned to the parents in equal parts.

4.3 FUNDRAISING

1. Teams will have the option of determining their own fund raising initiatives for the season and/or utilizing centrally managed fund raising administered by the CMHA (eg. Sale of chocolate).

Individual and team fund-raising activities must be pre-approved by the Vice-President (Administration) or the Fund Raising Manager. In all cases, all revenues realized will be retained by the teams and must be used for team hockey related activities.

4.3 SPONSORHIP, DONATIONS & GIFTS

1. Donations will be permitted with the following limitations:

1.1. Individual donations or gifts are permitted. The maximum allowable individual donation or gift is $500.00. Teams can receive up to a maximum of $2,000 in donations per team. The CMHA Executive retains the right to refuse a donor if deemed as inappropriate for a minor hockey association.

1.2. Teams may not display donor names or logos on jerseys or any articles bearing the CMHA logos, unless Board approval is received (given only under unusual circumstances). Teams may display a donor logo behind their bench, on team websites and/or on other team literature (letters of thanks, team photos provided in thanks).