team finances

Managers for all travel teams will need to meet with Team Manager Director (Lori Bois) at the bank to become an authorized signer on the team account.  A day will be designated for bank meetings. 

You will receive a team check book and a team debit card.  The account will be handed off to you with at least $1 balance.  You should finish the year with a $5 balance.  DO NOT close the account at year end. 

 Do not order more checks - If you need more checks contact Lori Bois. 

Examples of Team Expenses include:
  • Additional ice time (beyond what is assigned by MHA)
  • Team swag, apparel, etc
  • Team snacks, meals, events
  • Travel Tournament Extras (door posters, goodie bags, etc)
  • Travel reimbursement for non-parent coaches
  • Paying refs for scrimmages
  • Tournament fees (if team elects to add an extra tournament)
  • Coach gifts
  • End of season celebration
  • Any other extras for the team
Team Funds cannot be used to pay for alcohol or any supplemental coach stipends.  All paid coaches will be paid by the MHA Treasurer.
 
Keep all receipts for team spending - the account may be audited.

 

Team Managers will need to create a team budget to determine funding for the team account.  The following will fund the team account:  

  • Team Sponsor Donations
  • MHA Team Funds
  • Family Team Fees

Team Budget Sample

This is a live document. Pease make a copy to use the budget tracker.


Team Apparel

Teams have the option to purchase team apparel of their choosing.  

  • Only approved MHA logos can be used on team apparel
  • Team apparel is funded by the team 
  • Team apparel may include the name and/or number of the player
  • Teams cannot purchase new Game Jerseys or Socks - you must use the MHA issued uniforms

Recommended Team Apparel Vendors: 

Letterman
General Sports
St. Manes
Lakeside Promotions

NEW for 2023 :  MHA Team Store

 


Team Sponsors

Teams are responsible for securing Team Sponsors.

Tips for finding sponsors:

  • Ask your team for help!  This is a team responsibility not just the manager.  
  • Use your team network - families on the team may own a business or know someone who owns a business - people know people
  • Local restaurants, dentists, doctors, realtors, etc. are all good potential options
  • Checks should be made out to Team "Minneapolis Hockey Squirt B2 White"
  • Sponsor logos should be posted on Team Webpage
  • Sponsor logos will be posted on MHA social media

Family Team Fee

Teams will need to determine the Family Team Fee.   Team fees are dependent on what the team wants to accomplish for the season, the team budget and how much of that budget can be covered by sponsorship dollars. 

More sponsors = lower family team fees.