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TOPIC: Protection of PTO funds





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Protection of PTO funds

10 Years, 9 Months ago

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Our PTO is concerned about protecting our funds. We bring in approx. $30k per year in fundraising and proceeds from social events. The Treasurer leaves social events with thousands of dollars. This is first and foremost a safety issue for her. In addition, volunteers don't want to hang around counting money after a two/three hour event. How does your PTO handle funds after an event?

What other "checks and balances" do you have in place to protect your PTO funds? Thanks.
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RE: Protection of PTO funds

10 Years, 9 Months ago


 
We have 3 significant fundraisers each year. Each of these has a committee that counts all of the money (at least 2 people counting) and turns over the money and a log of totals (cash and checks) to the treasurer who then deposits the money in our bank account. We have never had any problems. If an event happens on a weekend or at night the money is locked in a lockbox and then locked in a closet at the school that only the principal has a key to. We have never had any problems.
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