Unused Funds at the End of the Season
If, at the end of the season, there is a balance remaining in the team’s bank account after all expenditures and revenue have been accounted for the following process is to be followed:
- If sponsor funds have not been fully applied toward the intended expense(s) specified by the sponsor, the sponsor must be contacted to find out what to do with the excess funds: refund to the sponsor or donate to Friends of Hockey.
- Any remaining balance, after Step #1, must be returned to the parents/adult players. Parents/players cannot receive more money back at the end of the season than they paid in combined Rep Association Fee and Team Rep Fee.
- Any remaining balance, after Step #2, shall be donated to Friends of Hockey.
These steps are to be followed by no later than May 31st. If there is a reason why this cannot be done, please inform the Woolwich Wild Treasurer.