Question: Board of education wants financial reports?

I am currently PTO president at a small school. Do you know whether we have to furnish our board of education with reports or financial information? We have a new board and they are requesting this information.

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Advice from PTO Today

Elly writes:

Elly says you’ll need to check your bylaws or your school’s constitution to see whether your group is required to furnish reports or financial updates to your local school board. Each school and parent group relationship is different when it comes to overall fiscal reporting. But, as a general rule, PTO records are in fact public record. Elly hopes that your group’s financial statements are up to date and that other records are in order. Check out the File Exchange for lots of forms and the Finance & Budget page for articles and advice to help your group stay organized and on top of its finances.