Question: Pto balance - how much legally can we carry over each year.
Is it possible to find out how much a PTO can carry over each year? We have a good sizeable balance, that carries over each year. Do we have to spend it all by the end of the school year or can it be crarried over to the next?
Asked by Anonymous
Advice from PTO TodayLiz L writes:
Whether there are limits to what you can carry over can depend on where you live, so check your state guidelines or ask your accountant (if you have one). But if you aren't limited, we recommend you try to carry over enough to cover your start up costs, meaning everything to get your through back-to-school time and so you can avoid doing a fundraiser right away. This will vary on your school size and what your group typically does at back-to-school time.
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