The assets of PTA are not measured only in its treasury but in the work of the members and volunteers to serve the mission and purposes of PTA
No other organization may pass money through PTA accounts
No reimbursement is paid without a receipt and signed expense form. Reimbursements must be from an approved budget line item
Money is counted by at least two people at the same time, and an itemized receipt form is signed by both persons. The money is then given to the treasurer, who also counts the money and signs the receipt form.
PTA monies should never be deposited in a personal or school account
PTA funds should never be kept at home or school but should be deposited in the bank daily
Money is never “turned over” to the school and/or principal to spend at their discretion. PTA accounts should not be “cleaned out.”
Bank signatures need to be updated annually
Meeting minutes should include a record of all financial approvals and transactions
A financial report should be given at every meeting of the PTA
