Travel Team Fund Policies
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Travel Team Fund Policies
The Tigershark swim team participates in a variety of meets around the country. Being a member of our travel team is both a privilege and a responsibility. This policy confirms the Tigershark Swim Team Booster Club “Travel” meets and the amount of financial assistance associated with each of these meets. It must be clearly stated that the board reserves the right to revise the meets deemed as “Travel” meets as required. Further, it must be clearly stated that the financial assistance associated with any “Travel” meet is in no way guaranteed and is entirely dependent upon having adequate funds in the Tigershark Swim Team Booster Club travel fund account. I. The Tigershark Swim Team Booster Club will provide funding for qualified swimmers competing in high level travel meets (as determined by the booster board in conjunction with the coaches) where the swimmer is representing the Tigershark swim team. II. The following guidelines will be taken into account when determining the funding available for the swimmer. 1. The number of swimmers attending the meet. 2. The ability of the club to pay. 3. Income derived from travel and general fund raising. 4. Successful and timely completion of funding application. 5. No swimmers funding to exceed 1/3 of the meet maximum without approval from the Booster Club board. 6. Cost incurred for each specific meet (entry fees, travel expenses, etc.) III. Funding of the travel team fund will be based on the following guidelines 1. 100% of specific travel team fund raising. 2. A proportion of the general fund raising total not to exceed 15%. 3. An optional contribution from the booster club from the team's general fund based on a majority vote. 4. “Total Meet Maximum” payouts are calculated based on the travel funds balance as of March 1st of the current season.
IV. To be eligible for travel team funding, the following criteria shall apply. 1. Swimmers should be members for the whole season. No funding will be provided for swimmers joining after December 31 of the current season. 2. Swimmer must qualify for one or more events at the travel meet, this includes both individual and relay events. 3. All booster fees, program fees, and escrow accounts need to be paid in full before any monies can be disbursed. 4. Should a swimmer fail to travel to the meet they will be required to reimburse the board any monies advanced to them by the board. 5. The board will be the sole judge of this criteria. V. Eligible Meets 1. Meets listed in section VI are considered eligible meets. 2. Additional meets may be added or removed from this section by recommendation of a coach and approval of the board. VI. Payout schedule Meet
Total Meet Maximum
Total Meet Maximum % Of Fund
USA Quads
$350.00
10.00%
YMCA Short Course Zones
$1,000.00
25.00%
YMCA Short Course Nationals
$1,000.00
30.00%
YMCA Long Course Nationals
$1,000.00
30.00%
USA Junior Nationals
$450.00
15.00%
USA Long Course Zones
$750.00
20.00%
The team will pay out a maximum amount of either the Total Meet Maximum or the Total Meet % of fund which ever amount is lesser. Examples: 1. Travel Team fund $6000. Total swimmer payout for Short Course Zones would be $1000 (25% of 6000 = 1500 so Total Meet Maximum is used) 2. Travel Team fund $3000. Total swimmer payout for Short Course Zones would be $750 (25% of 3000 = 750 so Meet % is used)
The Tigershark swim team participates in a variety of meets around the country. Being a member of our travel team is both a privilege and a responsibility. This policy confirms the Tigershark Swim Team Booster Club “Travel” meets and the amount of financial assistance associated with each of these meets. It must be clearly stated that the board reserves the right to revise the meets deemed as “Travel” meets as required. Further, it must be clearly stated that the financial assistance associated with any “Travel” meet is in no way guaranteed and is entirely dependent upon having adequate funds in the Tigershark Swim Team Booster Club travel fund account. I. The Tigershark Swim Team Booster Club will provide funding for qualified swimmers competing in high level travel meets (as determined by the booster board in conjunction with the coaches) where the swimmer is representing the Tigershark swim team. II. The following guidelines will be taken into account when determining the funding available for the swimmer. 1. The number of swimmers attending the meet. 2. The ability of the club to pay. 3. Income derived from travel and general fund raising. 4. Successful and timely completion of funding application. 5. No swimmers funding to exceed 1/3 of the meet maximum without approval from the Booster Club board. 6. Cost incurred for each specific meet (entry fees, travel expenses, etc.) III. Funding of the travel team fund will be based on the following guidelines 1. 100% of specific travel team fund raising. 2. A proportion of the general fund raising total not to exceed 15%. 3. An optional contribution from the booster club from the team's general fund based on a majority vote. 4. “Total Meet Maximum” payouts are calculated based on the travel funds balance as of March 1st of the current season.
IV. To be eligible for travel team funding, the following criteria shall apply. 1. Swimmers should be members for the whole season. No funding will be provided for swimmers joining after December 31 of the current season. 2. Swimmer must qualify for one or more events at the travel meet, this includes both individual and relay events. 3. All booster fees, program fees, and escrow accounts need to be paid in full before any monies can be disbursed. 4. Should a swimmer fail to travel to the meet they will be required to reimburse the board any monies advanced to them by the board. 5. The board will be the sole judge of this criteria. V. Eligible Meets 1. Meets listed in section VI are considered eligible meets. 2. Additional meets may be added or removed from this section by recommendation of a coach and approval of the board. VI. Payout schedule Meet
Total Meet Maximum
Total Meet Maximum % Of Fund
USA Quads
$350.00
10.00%
YMCA Short Course Zones
$1,000.00
25.00%
YMCA Short Course Nationals
$1,000.00
30.00%
YMCA Long Course Nationals
$1,000.00
30.00%
USA Junior Nationals
$450.00
15.00%
USA Long Course Zones
$750.00
20.00%
The team will pay out a maximum amount of either the Total Meet Maximum or the Total Meet % of fund which ever amount is lesser. Examples: 1. Travel Team fund $6000. Total swimmer payout for Short Course Zones would be $1000 (25% of 6000 = 1500 so Total Meet Maximum is used) 2. Travel Team fund $3000. Total swimmer payout for Short Course Zones would be $750 (25% of 3000 = 750 so Meet % is used)
