12. Fiscal Policy

Each team shall pay the stipulated seasonal registration fee to BAYS to cover insurance, printing, postage, and other administrative expenses; and for the Spring season, referees and trophies. The amount of this fee shall be recommended by the Treasurer, taking into account the cash balance and budgeted expenditures. It must then be approved by two-thirds of the Directors present at a Board meeting.

The teams are responsible for all other costs of actually playing games, including provision of a properly marked field and ball for home games.

No expenses shall be paid to the officers or members of the Board of Directors for attending meetings.

The Board may appropriate any surplus BAYS funds for the general benefit of all member teams. Such appropriations shall be approved by a two-thirds vote of the Directors present.