End of Season
End of Year Financial Statement – An End of Year Financial Statement is due to the parents and the club. This is an overview of the actual revenue and expenses for the team. The budget form submitted at the beginning of the season should be updated to include the final actual numbers. It can be completed electronically. This should list all tournaments that you have attended and the costs, the practice costs and income as well as any other income or expenses (See Sample on pages 2-4). Copies of all receipts should be submitted with the Financial Statement. Failure to comply with this may/will result in the Team Head Coach not being approved for the following season.
Return of Items – All borrowed items (manual, flags, and keys) should be returned to the office.
Bank Account - At the end of every season the bank account remains open unless the team will be folded, then the account should be closed and all remaining funds should be issued to OMSC.
Coach – To qualify to coach the team the next year, all coaches must submit applications by the due date.
|Manual Sample Financial Statements||October 19, 2013|