Question: Purchases in one year for the next year
We have some excess funds and some of the items we are planning to buy will be used in the following year is this ok? Of particular interest, is we would like to buy our teachers gift cards to use for school supplies for next year but is it ok to buy gift cards to be used in 2016-2017 school year at the end of the 2015-2016 school year using excess funds?
Asked by Anonymous
Advice from PTO TodayRose H writes:
A few things: Did you want to make the actual purchase now? The other option is to designate those funds in next year's budget for this specific purpose. If you'd like to buy the gift cards now, make sure there's no fine print on expiration dates.
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