Teams are required to prepare an initial team budget, breaking down the expected income (sponsorship, fundraising, team fees) and expenses (tournaments, exhibition games, team parties/meals, clothing).
A sample budget template can be found here -
DMHA_Team_Budget_Worksheet_2024-25.
The budget will assist in determining team fees payable by each player. A reminder that team fees should be reasonable and efforts to reduce these costs to families should be taken through team sponsorship and fundraising. A copy of the team budget should be shared with parents at the beginning of the season and must be approved by more than 65% of parents/families to move forward. Updates on the team finances should be shared with parents throughout the season as agreed upon at the initial team meeting.
Teams are required to provide a copy of the team budget file (breakdown of income acquired and expenses incurred) to the DMHA Treasurer three (3) times per season. An initial budget by Oct 31, plus 2 in season updates – due January 15 and again at the conclusion of the season(no later than April 30th) to ensure revenue and expenditures are reasonable and just. A zero balance must be achieved by seasons end. Where the Team bank account is not at a zero balance at end of season, the Team may issue a refund back to the parents/players in the form of a gift card or cheque.