by sward » Mon Aug 23, 2010 8:32 am
Unless there was an agreement before hand, all team monies belong to the team. I have seen in rare situations where funds were returned to a company that was sponsoring a child so she could play. I think in that situation, the tournaments were paid for in advance and funds should go back.
With our organization, money from fundraisers is divided among the kids that participate and those funds can be applied to a variety of different things. If a player departs, the funds are forfeited back to the overall team account. It adds more time to the bookkeeping aspect, but makes it easier if there is an audit.
Because of the large check I received yesterday at practice, I might make a large donation to the Donkey's with the remaining funds to see if the Rev will really match.
Ideally, the treasurer should not be a parent of someone involved with the team. However, we don't always have that luxury when looking for help.
Scott