Financial Control & Budget Evaluation
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Effective date |
April 10, 2026 |
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Archived date |
- |
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Date last reviewed |
April 10, 2026 |
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Scheduled review date |
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Replaces and/or amends |
- |
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Approved by and date |
Hockey Saskatchewan Board of Directors, April 10, 2026 |
Policy
With respect to the actual ongoing financial condition of the organization’s financial health, the General Manager shall not cause or allow the development of fiscal jeopardy, or a material deviation of actual expenditures from established Board priorities. Further, without limiting the scope of the above statement by the following list, the General Manager shall:
- Ensure the spending of funds that have been received during the fiscal year to date, unless there is a Board approved plan to repay any additional spending within 90 days.
- Not incur any unplanned long-term debt, leases, or other financial obligations that are beyond the Board approved annual plan, unless prior approval is obtained from the Board.
- Not Use any restricted or unrestricted reserves except as approved by the Board.
- Present financial reports on a monthly basis that include any revised year-end projections, action plans to address any shortfalls, or major program changes.
- Present monthly financial reports.
- Plan and control operations so as to work within approved budget amounts provided by funders for the fiscal period.
- Address issues raised in the Auditors’ annual management letter.
- Report and address any cash flow concerns.
- Pursue diversification of revenue base.
- Settle payroll in a manner that meets provincial labor standards.
- Arrange for the collection of accounts receivable to be undertaken in a timely manner.
- Ensure tax or non-profit filings or Sask Sport Funding requirements are not to be overdue or inaccurately filed.