DING DING!!! Okay ladies and gentleman...back to the original question
Our group is actually a committee of the School Board and our funds are held in a separte account by the school. Well, kids, it's works. As far as taking from the pot, right, the Principal is also the founder and made sure it is impossible for $5 to be removed without proper documentation. Also, our book(s) are audited for FREE every year by the school district. And if you will, because of the perfect bookkeeping by all parties we were able to qualify for a 3% interest rate for our new buildings!
NOW, this is how our group was set up and it works for us.
I am in no hurry to change anything, I honestly really would rather have someone over my shoulder and say "yes, here is the copy of the deposit you requested and your statement from the district and a spreadsheet of last month, thanks Tina, see you later".
One more time, this is what was arranged seven years ago and it took a year to get this.
I also want to mention that a couple years ago I personnally asked the School Board's support in a matter that involved a "crazy" President. Our funds, activities, fundraisers,etc were monitored for the year to protect the PTO.
Yeah, I guess you can say I'm like a turtle. Now if you will excuse me I will so back to my shell because it's warm and I like the shelter and hate conflicts.