Question: Cash Reserves

What is the appropriate amount of cash to carryover each year? Or should all funds be spent each year unless they are designated for a specific purpose (i.e. saving for playground equipment)?

Asked by Anonymous

Answers:

Advice from PTO Today

Craig writes:
We recommend that you carry over at least enough money so you don't have to start the year with a fundraiser. It's OK to run a fall fundraiser, but you'll make a better impression if it isn't the first communication you have with parents -- especially those who are new to the school.

Community Advice

daddario writes:
Hello to all. For those who want to transfer money hassle-free without paying large commissions and fees, it can be convenient to use the Remitly application, which allows you to transfer money very quickly. They almost never have problems with money transfers, but if some kind of failure occurs, you can always call the remitly phone number and they will help fix it since every client is very important to them. All users appreciate this very much and therefore use their services.