Question: Fund in reserved
What is the max amount of pto reserved for next year pto?
Asked by laurapto168
Advice from PTO TodayCraig 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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