PTO Today Q&A

Question: Checkbook

What should be done with the checkbook (balance of funds) if the PTO goes on hiatus?


Asked by Anonymous

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Answers:

Advice from PTO Today

Rose H writes:
Hi there,
It's a little unusual that a group would plan a hiatus. It sounds like membership/interest may be winding down? What you do with the existing funds depends on your circumstances. If it is a case of lack of interest, you could spend down your fund on appropriate purchases for the school and leave a small balance. You probably wouldn't want to close the account just yet in the event your circumstances change.

Rose


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