Although there are several points to our guidelines handed down by the school district here is part:
2. Financial accountability assurances that the organization:
a. Utilizes a proper bookkeeping procedure.
b. Has identified persons who have financial responsibilities.
c. Will not commingle funds with student activities accounts.
d. Will use funds within the framework of the purpose of the organizations and will not consider funds as public moneys
e. Will guarantee that at least 70 percent of the net funds collected will be spent on student activities.
To see the entire policy go to:
www.myschoolonline.com/page/0,1871,0-163653-41-38663,00.html
All of our units are PTA's but there are plenty of other booster groups that fall under this rule. It is tough for PTA's to follow this criteria because we spend money on training, conventions and legislative, activities, workshops and programs for parents, but we do alright. We would be sunk at 90% though.