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Policies of

The Manatee High School Baseball Boosters, Inc.

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1. Fund Allocations. That there shall be such restricted and unrestricted funds as shall be deemed by the Treasurer to be appropriate which shall include:

Restricted Funds for the Foundation (provided for the benefit of The Manatee High School Baseball Boosters, Inc. Non-Profit Agency Endowment Fund (“The Foundation”));

Restricted Funds from Parent Contributions (for specific expenditures);

Unrestricted Funds from Parent Fundraising;

Unrestricted Funds from Community Fundraising;

Unrestricted Funds from Sponsorships;

Unrestricted Funds from the Advertising Fundraising;

Reserves (for capital repair, replacement and improvements such as uniforms, scoreboard repair and replacement, etc.);

Operating Surplus.

As to each of those funds (and except as to conditions placed thereon by donors, and accepted by this organization):

Of Restricted Funds for the Foundation provided for the benefit of The Manatee High School Baseball Boosters, Inc. Non-Profit Agency Endowment Fund (“The Foundation”), 100% shall be distributed to The Foundation”;

Of Restricted Funds from Parent Contributions (for specific expenditures), 100% shall be distributed during the current fiscal year for the expenditures for which the contributions were received;

Of Unrestricted Funds from Parent Fundraising, 90% shall be distributed during the current fiscal year for current year operations and 10% shall be distributed to The Foundation”;

Of Unrestricted Funds from Community Fundraising, 85% shall be distributed during the current fiscal year for current year operations and 15% shall be distributed to The Foundation”;

Of Unrestricted Funds from Sponsorships, 80% shall be distributed during the current fiscal year for current year operations and 20% shall be distributed to The Foundation”;

Of Unrestricted Funds from the Advertising Fundraising, 100% shall be distributed during the fiscal year for which the advertising is provided.

Of Reserves, 100% shall be distributed for the expenditures for which the contributions were received at the time that such distributions are necessary;

Of Operating Surplus, 100% shall be distributed to The Foundation” at the end of each fiscal year.

2. Distribution Request Considerations.

It is the policy of this organization to make no significant distinction between requests made by the Varsity and Junior Varsity teams, except to the extent necessary to preserve school traditions.

It is the policy of this organization to make no significant distinction between requests made for the benefit of the teams during the High School Season and made for the benefit of the teams during the High School Off-Season.

It is the policy of this organization to facilitate the training of baseball athletes, as opposed to merely providing recreational opportunities.

It is the policy of this organization to foster recognition of the history and traditions of these teams.

It is the policy of this organization, within the sole discretion of the Board of Directors, to determine the costs of a basic high school baseball program for Varsity and Junior Varsity teams, and to fund the operations of those teams other than the costs of a basic high school baseball program for Varsity and Junior Varsity teams, it being expected that the costs of a basic high school baseball program for Varsity and Junior Varsity teams entails: the costs of field rentals or maintenance and utilities associated with those uses for practices, training and games; baseballs for regularly scheduled games; two umpires for regularly scheduled games, and uniforms replaced at 5 year intervals.

It is the policy of this organization, within the sole discretion of the Board of Directors, to make distributions directly to third parties providing goods or services to the teams.

It is the policy of this organization, within the sole discretion of the Board of Directors, to reimburse officers, directors, and other persons acting on behalf of the organization with the prior actual knowledge and consent of the organization’s proper officer, for actual “out of pocket” expenditures reasonably incurred in the actual provision of goods, or performance of services, to this organization or the teams.