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How Funds Raised are Spent

19 years 8 months ago #101211 by Greenwich Township P.T.O., Inc.
Replied by Greenwich Township P.T.O., Inc. on topic RE: How Funds Raised are Spent
We have always made it a point to say "monies raised will go toward _____" never use the words "ALL monies raised..."
The entire executive board knew of the need to reallocate funds at the time, but I have a new member who is trying to make an issue of this.

Thanks so much for you help!!
19 years 8 months ago #101210 by learning
Replied by learning on topic RE: How Funds Raised are Spent
Did you (as a membership)vote to use the ropes fund to cover your other costs? If so, it shouldn't be an issue, since everyone should know what is going on. If not, it probably should be a topic of discussion at your next meeting.

Does your group have a budget for the year? We are required to create a budget each year that outlines the specific amounts the will be spent for each line item during the year. Any long term project is kept in a restricted fund. Any substantial changes have to be voted on by the general membership as the changes come up; if we fall short or have extra money, that is something that is presented to the group for discussion and vote.
19 years 8 months ago #101209 by ScottMom#1
Did you tell people that you were raising funds specifically for the rope challenge? No matter our intention, we try to say it's for our general fund which help supports ______ to make sure it doesn't become an issue.

[ 03-11-2005, 10:15 AM: Message edited by: ScottMom#1 ]

The irony of commitment is that it’s deeply liberating-in work, in play, in love. The act frees you from the tyranny of your internal critic, from the fear that likes to dress itself up and parade around as rational hesitation. To commit is to remove your head as the barrier to your life. --Anne Morris
19 years 8 months ago #101208 by Greenwich Township P.T.O., Inc.
How Funds Raised are Spent was created by Greenwich Township P.T.O., Inc.
I really need some help with this one - we are a non-profit PTO in NJ. We have had an on-going fundraiser for 3 years now to try and install a "low-ropes challenge course" in our Middle School. The problem is that last year's general fundraisers fell way low of expectations, and ended up spending most of the ropes course funds. Now I am frantically trying to raise more funds to put those funds back where they belong.
Just wondering if there are any legal issues here, or does this just make us look really bad. :confused:
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