Mad River Youth Soccer League

A representative of each team intending to raise funds shall submit a detailed team budget to the MRU Program Chair and the MRYSL treasurer and bookkeeper, prior to the commencement of any fundraising activities. The team's should clearly define any planned fundraising activities, including the solicitation of cash sponsors, and the team’s intended use of any money raised.
The team budget will identify an email-friendly team treasurer who will function specifically in a financial capacity. The team treasurer will be responsible for providing detailed information regarding money received to the MRYSL using the MRYSL Deposit Form and Expense Reimbursement
All checks and all cash received by the team will be forwarded to the MRYSL Treasurer or bookkeeper by the team treasurer. The MRYSL Treasurer or bookkeeper will be responsible for depositing funds into the MRYSL account.
All money raised by the team will be accounted for and maintained by the MRYSL Treasurer. The Treasurer will provide team account information to the stated team representative on a monthly basis as outlined in the instructions for completing the MRYSL Deposit Form and Expense Reimbursement
CYSA form 1601 (the player registration/membership form), with the original parent/guardian signature, shall be present at all team fundraising events when parents/guardians are not present.
Teams should make every effort to have a zero balance remaining at the end of each season (Winter, Spring or Fall). No team may carry over more than $1000 from one season to the next. Any amount in excess of $1000 at the end of the current season will be transferred into the MRYSL financial assistance fund.
A team’s unspent funds, of $1000 or less, will move with the team from season to season only if the team remains "intact". As long as the team maintains a minimum of seven members from the previous season (five members for U10 teams), the team is considered intact. If the team skips a season, the money will still be available for the subsequent season as long as the team is still intact. If the team does not remain intact, the money will be pooled into the MRYSL financial assistance program, coach education, or field equipment fund, as determined by the MRYSL BOD
All monies will be paid out on a team’s behalf by the MRYSL Treasurer or bookkeeper. The league will issue 1099’s annually.
Fundraising money can be used for team equipment, travel, coach’s expenses, trophies, end of year party, tournament fees, and any other expenses approved by the MRU program chair after submission of the team’s budget. The budget and fundraising activities and expenditures must be made by concensus of the team.
Under no circumstances may any individual open an account, or deposit money into a personal account, in lieu of following league deposit and reporting rules..
The fundraising limit per team is not to exceed $7000 per season.
All MRU teams are required to help at the MRYSL’s local tournament/s as one of the team’s fundraising activities.