A PA/PTA’s funds are separate and independent from those of the school, and PA/PTAs are responsible for their own financial affairs. Managing these affairs is the responsibility of the executive board. It is important to comply with the rules governing PA/PTAs’ finances — as outlined in CR A-660. Reading and understanding the full text of the financial affairs section of the regulation is crucial for board members, particularly the treasurer.
It is essential that the PA/PTA maintain accurate and thorough records regarding all financial affairs in order to ensure compliance with all rules and regulations, accountability to the general membership, and the retention of information for use in future years.