We receive most of our funding from Sport Canada. This funding is used to support our operations based on our funding agreement. Sport Canada provides detailed criteria as to how funds can be used and what activities must be delivered.
Through our Executive Director, we provide detailed reports to Sport Canada nada on a regular basis about our budget expenditures and operational details including operational accomplishments and statistics.
We also work to bring in sources of revenue through other avenues such as grants, sponsorships and sales. To grow and to ensure organizational stability, it is important to develop additional funding sources.
The Board reviews and approves financial statements. It is a standing item on each Board meeting agenda.
Racquetball Canada conducts an annual financial audit. This is approved by the Board of Directors and presented to the Membership at the Annual Meeting. The auditor for the next fiscal year is also appointed at the Annual Meeting.
In addition to other policies, our governance and operational decisions are also guided by our Financial Policy. The policy also includes information about the reimbursement of expenses for Board and Committee Members.
Using the Strategic and Operational Plans as guidance, as well as input from the Board, the budget is developed by staff. The annual budget is approved by the Board and presented to the Membership at the Annual Meeting.
