2012 Minutes for planning session - Squash BC

2020 FUNDUse of Funds – Committee RecommendationOnce the 2020 Fund reaches its initial target of $200,000, a portion of the income generated by the Fundwill be distributed each year for the support of junior development and coaching. As custodians of the2020 Fund assets, the 2020 Fund Committee has an obligation to ensure that the monies provided by theFund are used to achieve the mission supported by the Fund’s donors. This document, prepared by the2020 Fund Committee, outlines the Committee’s recommendations to Squash BC for the use of the moniesdistributed from the Fund.Distribution of Funds – Division of Responsibilities/Process• 2020 Fund Committeea) In conjunction with Squash BC, establish the principal objectives for the use of 2020 Funddistributions (see below)b) In conjunction with Squash BC, review and either re-confirm or modify objectives annually.c) By March 31 st each year, advise Squash BC of the anticipated level of distributions in theupcoming fiscal year.d) By October 15 th each year, endorse the use of funds proposed by Squash BC JuniorDevelopment Committee for the upcoming fiscal year or request changes as appropriate.• Squash BC (Junior Committee)a) Propose programs to be supported by 2020 Fund distributions that are consistent with theobjectives established by the 2020 Fund Committee.b) Determine the allocation of funds to each program.c) By September 30 th each year, report the proposed use of funds in the upcoming fiscal year to2020 Fund Committee and obtain approval.d) In conjunction with (c) above, report the actual use of funds in the (previous) fiscal year to the2020 Fund Committee.Fund Objectives/PrioritiesThe 2020 Fund was established to provide an ongoing source of funding for the development and coachingof junior squash players for the purpose of protecting and building the future of the game in BritishColumbia. Consistent with this mission, the 2020 Fund Committee has established the following generalobjectives for the use of the funds.• Support programs that expand the base of junior squash players (have a “grassroots” focus)• Support programs that encourage juniors to remain actively involved in squash (coaching/refereeingeducation, participation in squash at university/college, etc.)• Assist in upgrading junior coaching skills through mentorship programs with experienced coaches• Encourage junior role models through support of sportsmanship awards• Support coaching education for those involved in coaching at a “grassroots” levelMarch 201221