Comments on: Colorado PTO embezzle _ $15,000

By: Lisa @ PTO Today

Lisa @ PTO Today — Wed, 05 Aug 2009 14:33:15 +0000

Regarding the question, “What is the advantage to having the 3rd party review it first” please visit our message boards to see Tim Sullivan’s answer. Thanks!
http://www.ptotoday.com/boards/day-day-pto-management/22439-bank-statement-review-who-opens.html

By: gjcoram

gjcoram — Wed, 05 Aug 2009 10:09:44 +0000

The article suggests that a 3rd party open the bank statement each month. In my case, I have a 3rd party review the statement, but I like to go ahead and reconcile the account Quicken before I hand the statement over, since it can take a week or two to connect with the 3rd party. What is the advantage to having the 3rd party review it *first*?

By: Diane

Diane — Sat, 25 Jul 2009 02:14:20 +0000

Once you discovered that the President was embezzling money, what course of action did you take?

By: Rebecca McNabb

Rebecca McNabb — Wed, 08 Apr 2009 08:34:18 +0000

Our PTO President in 2007 permanetly borrowed thousands of dollars from our PTO. The then Treasurer was not keeping records of incoming monies from different fundraisers, so the President decided to take advantage of this and made up fake “bills” from companies we previously had used to purchase items for our two schools. She was paying her own personal bills with the Parents money. We eventually discovered she has done this everywhere she has lived, and has never been caught before.

By: Debbie

Debbie — Tue, 07 Apr 2009 19:48:58 +0000

We had our pta elementary school treasurer embezzle our Sally Foster money!! $14,000!!! I encourage everyone to have 2 signers on their checks and someone needs to check the bank statement every month! She did end up paying it back, but the consequences were not enough! She is still volunteering through pta!