What are Net Funds?
All funds raised in the name of Special Olympics are the legal responsibility of Special Olympics New Hampshire and its Board of Directors. SONH allows Local Programs to raise and use funds for designated pre-approved expenses.
We keep a tally of all funds raised, expenses and assessments for each Local Program through a Net Funds Report. Every Local Program may access their Net Funds Report in real time through Agon.
A few important items to note:
- Local Programs may not have a bank account.
- Local Programs may not charge athletes, their families or providers for participation in Special Olympics.
- Any Local Program expense of $1,000 or more must have prior approval by Chelsea Gill prior to expenditure.