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First is I feel for you. The same thing happened to me this past year. The main thing is that you have the checkbook. What you need to do now is go to the bank/credit union, which ever you use, and get your name on the account and her/his off. You may do this by taking in a copy of your 2014/15 Executive board & explain the situation.
If you don't have a board, ask the the principal to write you a letter explaining that you are the new president & have her sign it. This should allow you to be put on the account.
The very next step is change the password, immediately! Next is to get an accountant to audit your books. The books have to be audited every year. The accountant will also be able to take care of any sales tax that may need to be payed & also fill out a 990 IRS Form (I think that's the number) to be filled out at tax time. If you have a tax ID, this should allow you to be exempt on some things.
Make sure to inform your principal on what is happening. She/He will be a big help as they still might have forms, letters, etc. to help you into your transition.
I'm not sure what district you might be in but check the district webpage to see what or if they may have any requirements.
This should get you started. If you have any other questions, please post them & I will try to answer them as well.
Congrats on the presidency & try not to stress. There is some great ideas, forms, & help here. Before you know it, you will be helping someone on here next year :)
- Capt Wade
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