Question: Should all the money budgetted for the year be used by the end of that school year?
Should all the money budgeted and raised for the school year be used by the end of that school year? For example, if you begin the 2016/2017 school year with $13,000, should that $ be fully spend by the end of the 2016/17 school year
Asked by yogamomma
Advice from PTO TodayRose H writes:
We recommend that groups keep or carry over an amount that would cover start up costs for your group. When we say "start up,'' we mean expenses for any back-to-school events and materials that you would be sharing with parents. The idea is to have the money available so you do not have to fundraise on day one. This amount would vary from group to group. We'd say $13,000 sounds high, however.
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