Q&A: Finance & Budget

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A Divided Board
As a new Principal of a school, I have a board who walked into a disorganized PTO with poor financial...
Asked by Anonymous in Finance & Budget

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schedule A and schedule E for tax return
We have not yet filed for 501c3 status. Do we still have to file a schedule a and schedule E with the...
Asked by Anonymous in Finance & Budget

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501c3 box on tax return form 990-EZ
I am filing our tax return for last fiscal year (our first time to file). We have not yet filed to become...
Asked by Anonymous in Finance & Budget

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Can the district dictate how and when funds are spent for a 501c3
We are a 501C3. Our district is working on a PTO fundraising policy that states any money fundraised...
Asked by Anonymous in Finance & Budget

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Initial Pendants
Where can I find Initial pendants
Asked by trevor00 in Finance & Budget

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NSF noted on Treasurers report
We have a check that bounced for NSF. How do you note that on the treasurers report? Do you put it...
Asked by de233 in Finance & Budget

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Can you rescind a funding request if there was an improper vote?
Recently a board member suggested the PTO pay for a "memorial bench" be placed to honor a student that...
Asked by Anonymous in Finance & Budget

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Recording transactions that bridge the end of the fiscal year
I just set up our Finance Manager this summer (fiscal year ends June 30). When I set it up, I was required...
Asked by Anonymous in Finance & Budget

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Building EIN numbers
We have a Executive Board and under us we have 5 buildings. We need to know is it necessary for all...
Asked by simoned in Finance & Budget

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When is a vote needed to amend a budget?
After further discussion with our accountants, we found that the starting balance on the budget for 2013-2014...
Asked by Anonymous in Finance & Budget