Q&A: Finance & Budget

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Bank Account
I would like to know that is it up to the principle on what type of bank account we have? I went to the...
Asked by Anonymous in Finance & Budget

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With disband of PTA, can the PTA donate to the already established PTO?
With disband of PTA, can the PTA donate to an already established PTO within the same school? We are...
Asked by emilygrunewaldmk in Finance & Budget

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Issuance of 1099-MISC
What does everyone recommend on issuing 1099-MISC? From a brief review of the rules it appears that I...
Asked by tvmangum in Finance & Budget

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Minimum balance
Our group saved up a bunch of money the past few years so we could try a different kind of fundraiser...
Asked by cadahlen in Finance & Budget

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501c3 - do we qualify
An answer to a previous question I had regarding should we be filing some return said to seek 501c3 status....
Asked by Anonymous in Finance & Budget

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Safe access
My pto just bought a safe for deposits and funds to be kept in until it can be taken to the bank. Our...
Asked by Anonymous in Finance & Budget

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(2 responses)

Should we be filing some IRS return?
We became a PTO 3 years ago and got an EIN to open an account. We only charge membership dues which is...
Asked by Anonymous in Finance & Budget

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(1 response)

Designated Funds in PTO Account
I have just taken over the job of PTO Treasurer. Our PTO account has money raised by the PTO, and then...
Asked by Anonymous in Finance & Budget

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Treasurer Change
If the President announced a change in Treasurer and it was recorded in the minutes; but, the names of...
Asked by Tyoung426 in Finance & Budget

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(3 responses)

Can a PTO Budget have a planned deficit?
I am the Treasurer for our PTO. We have some prior year expenses (approx. $8k) that we would like to...
Asked by Anonymous in Finance & Budget