Advice from PTO Today

Craig writes:
There's no maximum -- it depends on what your group's needs are. If you're saving for a big purchase, you'll want to carry over a significant amount. If you're just worried about cash flow, I'd suggest carrying over enough money to run one or two parent involvement events at the beginning of the year, so you don't have to kick things off with a fundraiser right away. But there are no legal or tax rules that keep you from having a large reserve fund.

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