Hi. This is what we do.
We have an asistant treasurer who is responsible for all deposits. All money is brought to her. She doesn't have check signing power. The president and treasurer must cosign any check over 50.00. We have a non board member receive the checking statements, look them over and give over to the treasurer to balance and check. We also have an independent committee do an audit every year.
Carrie

With our PTO when we set up our bank account we had the treasurer, president, and the principal all have signature cards to make deposits and write checks. Also when a check is written it has to have two of the three signatures in order for the bank to process the check...and our bank actually does check each one that comes through. I am almost certain that anyone can make a deposit to an account but cannot obtain a balance or withdrawal anything. It seems to me though it would be more controlled if there were only a couple of people dealing with the bank.

I am currently President of a local Home & School Association and am serving on committee to formulate new bylaws, as our association has voted to combine with our "sister" elementary school H&S Association. One association allows committee chairpersons as well as the treasurer to make deposits on behalf of the organization as long as they turn over the receipt within 72 hours. The other association allows only the treasurer to make deposits. There is division over this issue on the by-laws committee. Any advice that I could pass on to the committee to help decide this issue would be appreciated.