Please find attached the 2014 – 2015 proposed budget for your consideration at our upcoming Annual General Meeting in Penticton.
This budget has been reviewed and approved by the Executive Committee at their May meetings. The purpose for this interim approval is twofold:
1. It allows us to notify the membership of any proposed fee adjustments, in order to assist with planning for the upcoming season.
2. It enables the Executive Committee to approve an interim budget on behalf of the membership for the time period between our fiscal year end of March 31 and the final budget approval by the membership in June.
The attached operating budget reflects the following fee adjustments that will require resolutions to amend the appropriate BC Hockey By-Laws for the coming season:
• By-Law Four, para 400 – The addition of a $5.00 annual membership assessment for a recreational minor hockey team is being proposed. These are currently the only teams that do not pay a membership assessment.
• By-Law Four, para 401 - An increase of $0.25 per participant is proposed. In recent years the membership has endorsed an annual $0.25 adjustment to avoid larger adjustments over longer intervals.
Further financial documentation, including the Audited Financial Statements and the 2013 - 2014 Budget Variance Report, will be distributed in the regular manner in advance of the Annual General Meeting for your review. In the meantime, should you have any questions regarding the attached information, please contact your District or Divisional Director.