Seeking Parents to serve on Audit Committee for PTO

Audit Committee

Composition:

  • Seeking 3 people to serve on the audit committee
  • The committee will choose its own Chairperson
  • Staff members may not serve on the committee

Role

-Review all accounting records and spending procedures for the school year, including:

  • Monthly financial reports
  • Interim financial report
  • Checkbook
  • Bank Statements
  • Bank Receipts
  • Budget
  • Fundraising Activity Reports

-Findings of the audit committee must be reported at the next general membership meeting and recorded in the minutes

-A copy of the audit committee’s report must also be submitted to the principal

Download form can be found here