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Board reviews draft policy tightening oversight of PTOs, PTAs and booster clubs
Summary
District staff presented a draft policy to require bylaws, separate EINs and bank accounts, audited annual reports and minimum insurance from parent and booster organizations that fundraise on behalf of Pulaski County Public Schools.
Pulaski County Public Schools staff presented a draft policy and procedures to standardize oversight of parent groups, PTAs, PTOs and external booster clubs and to increase financial transparency.
The presenter summarized key requirements in the draft: any new or existing PTO/PTO/booster organization that fundraises on behalf of the district would need committee approval, adopt bylaws, secure a separate Employer Identification Number and nonprofit registration, and provide copies of IRS determination letters and annual Form 990s (when applicable). The policy would require separate bank accounts, unique EINs, two signatures on accounts, monthly reconciliations provided to the school bookkeeper and central office, and an annual financial report to the central…
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