To help you determine your fundraising goals, below is a sample budget. What goes into the team budget should be agreed upon at the beginning of the year by the team. You may want to get some sample costs from suppliers to help you with budgeting costs for jackets, hats etc.
3 Tournaments (3 x $400)
$1,200
Team Socks (17 x $13)
221
Extra Ice Time (5 x $95)
475
Year-End Party
400
Team Jackets (17 x $110)
1,870
Miscellaneous
500
Hats (17 x $11)
187
Name Bars (17 x $12)
204
TOTAL BUDGET
$5,057
In this example $5,057 becomes your team fundraising goal.
2) Need "Seed Money"?
Some teams will ask parents for "seed money" at the beginning of the year to start booking tournaments, ordering name bars for jerseys etc. If you will need seed money, make sure you talk about this at your first parents meeting.
3) Pick Fundraisers and Fundraising Companies
Now that you know you need $5,057 for the year, start identifying your fundraising plans. Take a look through our fundraising ideas and fundraising Company links to help you determine what activities your team will take part in to reach your target.
4) Set a goal for each fundraiser
You should have a target for each fundraising campaign your team will run. This way you will have a way to determine through your fundraising cycle if you are meeting your targets.
Chocolate Bar Campaign
$1500
50/50 & Ticket Sales
1,200
Bottle Drive
500
Cookie Dough
2,000
FUNDRAISING GOAL
$5,200
5) Open Team Bank Account and Assign Treasurer
Make sure that you open a team bank account to keep track of team money. You do not want your hard earned dollars going toward bank fees so make sure that you check out banking fees for community groups. Certain banks will waive fees for community groups.
Assign a Treasurer and have 2 parents on the team with signing authority on the account. Make sure that you keep records and receipts of all spending and deposits into the account and update parents throughout the year on status of the account.
