Finance

This group handles the Club’s operational financial needs such as paying for venues and equipment and supplies and petty cash, and also considers the overall financial well-being of the organization with respect to insurance, contingencies, emergency funds, user fees, and advising on programs to subsidize. Larger or longer-term projects may need multi-year financial planning.

Retain financial documents and file income taxes.
Pursue grants at all levels to support our plans or inspire new ideas.
Determine the appropriate cash float target.
Prepare budget and projections each year.
Verify insurance coverage and gaps (e.g. additional insurance needed if floor surfaces are purchased).
Work with Strategy Committee to advise on funding the needs for the upcoming year and support longer-term thinking.
Maintain the financial arrangement with NEMI for the recreation centre facility.
Consider monetary donations or other in-kind compensation for Rainbow District School Board (MSS play location) and/or Central Manitoulin (Mindemoya outdoor courts) for the Club’s free use of these facilities, to foster goodwill.
Handle donations from members (tax receipts).
Help with costing proposed projects (such as temporary floor surfaces –installation/removal/storage).