Running your PTA
MANAGE YOUR FUNDS
Did you know that legally your PTA is a separate entity to the school ? That means any money raised belongs to the association , and the elected committee members are all responsible for the management of assets and funds . To make sure you ’ re managing your PTA ’ s money correctly , here are eight key points for keeping on top of your finances
1Open an account
If your PTA doesn ’ t have its own bank account , you need to open one . No money raised by the PTA should ever be paid into the school ’ s bank account . Only elected committee members are eligible to be signatories on your bank account , so having a pool of three or four will make the process of getting payments approved much quicker and easier . 2Get everyone on board
Ultimately , it is the elected committee members who decide how PTA funds are spent . But this decision needs to be made alongside the school so you know you ’ re funding something they actually want and need . You also have to keep in mind the objectives of your constitution . We recommend asking the school to provide a wish list of items they would like your PTA to fund and then discussing priorities with the committee .
RESOURCES
Check out the finance resources on our website : parentkind . org / pta-finances
16 PARENTKIND . ORG SPRING 2024