Question: Balancing a budget
Does our PTO budget have to balance? We have more income projected than what we have in expenses. Can we add a little more to various expenses, add a line item for contigency, or not balance it. Thanks!
Asked by Anonymous
Advice from PTO TodayCraig writes:
You certainly don't have to plan to spend every dime you raise. Your balance sheet should balance, though. Adding a line item for contingency, savings, or even investment (a CD, for example) is perfectly appropriate.
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