💰 Financial Management and Control
I. Sources of Funds
The financial resources of the Private Schools Athletic Association (PRISAA) are sourced at three distinct levels: National, Regional/Chapter, and Member-School.
A. PRISAA National Association
The PRISAA National Association generates funds through the following channels:
- Membership Fees
- Annual Dues
- 10% Pro-rata Contributions from PRISAA Member-schools
- Corporate Sponsorships
- Financial Assistance from government and non-government organizations
- Funds raised by the Association
B. PRISAA Regional Associations and Provincial/City Chapters
Funds for the Regional Associations and their local Chapters are primarily generated from:
- Pro-rata Share from PRISAA Fees collected by Member-schools from students
- Corporate Sponsorships
- Financial Assistance from government and non-government organizations
- Funds raised by the Associations/Chapters
C. PRISAA Member-Schools
The Member-Schools secure funds for their PRISAA-related activities from:
- Pro-rata Share from PRISAA Fees collected from students
- Corporate Sponsorships
- Financial Assistance from government and non-government organizations
- Funds raised by the Member-school
Note on Member-School Funds: The Pro-rata Share of PRISAA Member-schools from PRISAA Fees collected from students shall constitute their PRISAA Trust Funds and shall be used exclusively for PRISAA competitions and sponsored activities.