I never heard of a PTO having a CD account -- usually just a checking account to pay for things during the year. The By-Laws should state how much needs to be in the account for start up each school year (most say $1,000). Was that $$ in the CD targeted for something special at the school? If so, then it should now be spent if there is enough $$. I know we bought a/c's for the school and said on each fundraiser flyer that the $$ raised was being put towards the purchase of a/c's for the school. We had an Open PTO meeting and did a slide presentation and at the end did a Q&A session and then took a vote. Every person in attendance said Yes. We then just raised $$ and spent it on the a/c's; anything left stayed in checking account and we have spent it on variety of things during the past 2-3 years -- assemblies, carnival, classroom gifts etc. etc.

Do any of your PTO's have a CD account? Is there a need to have money in reserve. Our PTO, that I have just become President of, has a large CD and a savings account with a considerable amount in the savings. Is there a purpose for a PTO to have so much money sitting there? I thought we were there to help the kids and teachers. Why earn the money if you are not going to spend it? Any responses would be helpful.