Friday, March 28, 2014

Question of the Week

We do a joint fundraiser with our school. Once the fundraiser is over we grant the money to the ASB through the district stating how the money is to be allocated, i.e. $3000 assemblies, $5200 field trips (26 teachers x $200 each) etc. We are being told that we cannot specify how the money granted to the ASB is to be spent. Is this correct?

ASBs and PTAs may work together, but the PTA must take care to properly document the nature of the activities and how the funds will be handled in a contract with the ASB.  Since the funds belong to the PTA and the PTA is granting the money to the ASB, the PTA can dictate how the money should be handled.  You can use the restricted donation form found in Money Matters.