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Medford Youth Athletic Association (Medford, New Jersey)

MYAA Financial Information

MYAA is a non-profit organization with tight financial controls.  All financial transactions are executed by a local accounting firm and are budgeted by the sports commissioners and approved by the executive board of MYAA.

Prior to the beginning of each season, each sport commissioner will submit a budget to the executive board.  The executive board will examine the budget in detail and ensure that all expense cost assumptions as well as revenue estimates are reasonable.  Once approved, the treasurer will use the budget to approve each check request submitted by the sports commissioners. Once the treasurer approves the request, it is sent an accounting firm for fulfillment. No checks are written by a board member, coach or parent.

Each year a third-party accounting firm performs an audit of the MYAA Financial Accounts and produces an audit report. Although the audited report is not required for public release, it is posted for the public to review, along with the with MYAA federal tax returns on the site.

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