Question: Fiscal Year
What determines the dates of a fiscal year for the PTO?
Asked by RondiPete
Advice from PTO TodayCraig writes:
You can choose your own fiscal year. Typical is August 1 to July 31 or July 1 to June 30, depending on your school start date. Picking a summer date gives you time to close the books when there's not a lot of activity. Note that if your group is a 501c3 tax-exempt organization, you need to file IRS form 1128 to change your fiscal year. If your group is incorporated, you may need to file a form with the state as well.
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