1. Season Resumption Guide
  2. Prepare

Reviewing Finances

Assessing Season Cancellations and Refunds

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As the season postponement/delay has caused many leagues to assess their operating expenses and determine what monies may need to be allocated to vendors, sponsors, and player refunds, the local league Board of Directors should create a detailed report of the league’s finances that can be shared with membership as needed. The transparency of the league’s finances will be paramount in explaining to the league’s membership where the league stands financially as it navigates this uncertain time.

Little League® International has created an in-depth Financial Guide to help leagues answer common questions to review finances.

REVIEW FINANCIAL GUIDE

Financial Guide Topics

Topics included in the Financial Guide that are important for your league to review are as follows:

Reviewing Finances

Start by assessing your league’s operating revenues as part of the annual financial plan.

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Reviewing Finances

Make a list of the items your league spent money on, is committed to spending, or has already ordered.

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Reviewing Finances

It is important that leagues work to maintain positive relationships with sponsors on an annual basis.

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Reviewing Finances

Should your league be considering refunds or credits of registration fees, here are some questions you should be asking.

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Reviewing Finances

Unfortunately, your league may need to come to the conclusion that it cannot support a Little League opportunity this year.

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Reviewing Finances

Little League International highly recommends that every local Little League program maintain their insurance coverage.

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