Primary purpose & Role of PTO Treasurer

Among the different roles in a PTO, being the Treasurer is one of the most important positions in the entire group. And for good reason too since accurate management of PTO money keeps the group running. And being PTO Treasurer can also be super fulfilling too. How can this be? Read on!!

Top reasons to take on the role? We are glad you asked!

• Further develop and hone your financial management expertise!
• Deeply contribute to your child’s educational experience at Farney!
• Establish networking opportunities
• Enjoy personal growth and leadership
• Perfect for introverts and extroverts, alike
• Work on own timeline, for the most part
• MAKE A DIFFERENCE!!

The basics of the Treasurer position are:

Budgeting

The treasurer works with the board to develop an annual budget, which involves forecasting income and expenses. The fiscal year runs from August 1 - July 31st of each year.

Financial reporting

The treasurer presents financial reports to the board and general members, often at meetings. The treasurer must keep financial records up to date so that reports can be prepared in time for meetings. 

Bank reconciliation

The treasurer reconciles bank accounts to ensure that the checkbook balance matches the bank balance. 

Accounting

The treasurer may pay bills, deposit checks and cash, and record transactions. 

Organizing

The treasurer shall have an updated statement of account available for each meeting, showing the status of the bank account, deposits, expenses and how it all aligns with the pre-approved/established budget for the fiscal year.

The treasurer organizes the books for an annual audit. 

Contact our President for more information on how to join!
PRESIDENT@FARNEYPTO.COM