I am the new President of a small PTO with a budget of about $12,000/year. Our by-laws state that we need to maintain a balance in our account at all times of $12,000 which equates to our entire year's budget!!!! :eek: While I understand we need to carry over some type of balance to get us through until our fundraiser is over in October and also have a cushion in the event our fundraiser isn't as successful as planned, I think this is extremely high!!!

Can anyone share with me what your carryover balance is vs your annual budget???