As a district or regional host with a loss on the event, do I have to distribute a percentage of gross receipts to the participating teams and to the FHSAA?
The policy for distributions of profit or loss on district events is decided by the schools at the district planning meetings. If the district planning meeting notes are silent as to the distribution, then the standard FHSAA split as shown on the financial report form applies. District and Regional events have a special loss reimbursement policy that will apply if profit is $250.00 or less on the event. The standard policy allows the district or regional host to make up to $250.00 of profit and not make distributions to the teams or to the FHSAA. It also allows for a reimbursement to the host of up to $350.00 of loss. Refunds are automatically generated with a timely and complete submission of the financial report form.
