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.