MANUAL OF OPERATIONS OVERVIEW
7.3 TEAM BUDGETS & FINANCIAL STATEMENTS 7.3.1 All Teams must submit a Team Budget and Financial Statement to the SMMHA Fundraising Director and the SMMHA Treasurer prior to SMMHA’s Fiscal Year End April 30th. This will be the responsibility of each team manager. See Addendum A for submission dates. SMMHA MANUAL OF OPERATIONS 21 7.3.2 Each Manager is required to collect all team fees (ie. Tournament) and all SMMHA rep fees prior to the submission date stated in Addendum A 7.3.3 If the team decides to open a bank account it must be opened in the name of the team with a minimum of two names required for signing. Two spouses may not have signing authority. 7.3.4 All fund raising projects by individual teams must be approved by the Board through the Team Sponsorship Director. 7.3.5 Any debts or bills incurred by any team, bench staff or player in SMMHA, unless approved in writing by the Board, must be settled by said team or individual. SMMHA will NOT honor these debts. Any team or individual incurring debts in the name of SMMHA without prior written approval shall be liable for suspension from SMMHA.
SECTION 9 FUNDRAISING 9.1 APPROVAL No SMMHA teams or Members will be allowed to operate or participate in any fundraising unless prior approval has been granted by the Director of Sponsorship and the SMMHA Director of Fundraising. All fundraising will be managed and followed by the SMMHA Fundraising Director and monitored by the SMMHA Treasurer. SMMHA MANUAL OF OPERATIONS 23 9.1 SMMHA TEAM FUNDRAISING 9.1.1 SMMHA Team fundraising requirements see 7.3. 9.1.2 All teams or tournament organizers who wish to hold 50/50 draws, or any such game of chance must first apply to the SMMHA Board in writing through the Director of Sponsorship. 9.1.3 All SMMHA teams will be allowed to keep 100% of all fundraising up to the amount the team and their families have paid out. All funds may be used for purchasing additional ice time, tournament fees, team parties, rep fees or any team or SMMHA related expenses. Any team not conforming to this criterion will lose their right to fundraise. 9.2 SMMHA PLAYER FUNDRAISING 9.2.1 SMMHA Player fundraising requirement see Addendum C for current season Fundraising Opportunities. 9.2.2 All SMMHA Player Fundraising along with received team Fundraising must not exceed the cost paid out by the member for SMMHA Hockey.