The following procedures were adopted by the OBAB Executive Board on January 6, 2020 to address how OBAB General Funds will be distributed to the individual sports, and what level of participation will be required by the individual sports programs.
There are several funding options which are outlined below. Please note that funding requests require that 3 quotes be provided at the time the request is submitted, that your request be submited 30 days prior to the next OBAB monthly meeting and only OBHS coaches may submit this request.
1. 100% OBAB Funding – The OBAB General fund will pay 100% of the request of the proposed purchase if it: 1) benefits multiple restricted sports, 2) has an estimated useful life of at least 5 years, and 3) is deemed necessary at the time given the landscape of the programs and the balance of the OBAB General fund. * **
2. 50% OBAB Funding – The OBAB General fund will pay 50% of the request if the proposed purchase 1) benefits more than one restricted sport, 2) has an estimated useful life of at least 5 years, and 3) is deemed necessary at the time given the landscape of the programs and the balance of the OBAB General fund. * **
3. 25% OBAB Funding - The OBAB General fund will pay 25% of the request if the proposed purchase 1) benefits a single sport, 2) has an estimated useful life of at least 5 years, and 3) is deemed necessary at the time given the landscape of the programs and the balance of the OBAB General fund. * **
Please note: Disposable items such as shirts, uniforms and hats will not be funded by the OBAB General fund.
OBAB General fund may provide a no interest loan to individual sports programs provided there are funds available in the OBAB General fund and it is deemed necessary at the time given the landscape of the sports' programs and the balance of the OBAB General fund.
Funds loaned from the OBAB General Fund will be required to be repaid within one (1) calendar year. Please note that you will be required to sign a letter indicating how you will repay this amount within one (1) calendar year if monies are approved by the OBAB Executive Board.
*OBAB maintains the right to amend or adjust this policy as required and as agreed upon by the OBAB Executive Board.
**OBAB reserves the right to deny or amend team's request based upon Athletic Director's recommendation, unwillingness or inability to support request.
Please note that you will be required to upload 3 quotes.