2020/2021 Season Refund Info

To:  CAC Hockey Parents:

We have been working with your team treasurers to finalize the refunds due to the shortened season this year.  After going through the costs, we have finalized the refund amounts and the funds are being transferred to your team’s bank account.

Your team treasurer is going to be issuing individual payments to each parent from these funds along with any other monies held in the team accounts.

Refund methodology

For each cost item, we determined the true out of pockets costs for the season as compared to the budget amount that the player fees were established on.  The following is an explanation of each line item:

• Game expenses and travel - this line item relates to only busses.  There was no bus expense for the year, therefore, no cost allocated
• Hockey Edmonton expenses - this has been adjusted down from budget based on actual costs
• Game ice - this is based on actual home game ice usage
• Practice - CAC - this is based on actual ice at CAC arena
• Practice ice - city - this is based on actual number of practice slots that were used by your team
• Practice ice - CAC transfer - This was a cash transfer to the team accounts in lieu of the practices that were canceled in November and December.
• Hockey Alberta expenses - this has been adjusted down from budget based on actual costs
• Hockey program expenses - refunds were given for unused tournament entry fees and the removal of the Hockey Administrator role mid-season.  The head trainer, coaching seminars, program director fees, registrar fees, and website costs were the other items that were paid throughout the year
• Coach honorarium - this is based on amounts paid for the season
• Equipment and awards - all equipment and apparel were purchased and used during the year
• Banquet - there is no banquet this year, so full refund
• CAC administration - refunds are due for no golf tournament sponsorship, no Macs tournament, and no provincials being held.  The monies spent in this category for the year are for insurance, legal, accounting, bookkeeping, office supplies, security checks, TV, phone, bank charges, credit card fees, and plooto fees
• Team paid items - actual monthly allowances transferred to the team account for player development, ref fees, timekeeper, trainer, hotels, team meals during travel games

Pant Shells

Included in the breakdown schedule is the amount that is paid back for the returned pant shells.  Your coach will know which player kept their pant shell and who you should not return that portion of the refund to.

If you have any questions, please contact your team treasurer.

Thank you 

The Canadian Athletic Club