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Pulaski County schools propose stricter rules for boosters, require EINs and audits
Summary
The Pulaski County School Board reviewed a proposed policy to tighten oversight of PTAs, PTOs and booster clubs, requiring separate EINs/501(c)(3) status when applicable, annual financial reports, $1 million liability insurance, and limits on crowdfunding, with a grace period proposed for groups to comply.
The Pulaski County School Board on Oct. 14 reviewed a draft policy designed to tighten oversight of parent and booster organizations that raise money on behalf of district schools. The draft, presented by the district’s budget analyst, would require any group that fundraises on behalf of students to adopt bylaws, secure a unique Employer Identification Number and, where applicable, 501(c)(3) status, and submit annual documentation to the district.
Under the draft, booster and parent groups would maintain separate bank accounts (no commingling with Pulaski County Public Schools funds), provide monthly reconciliations and an annual financial report to the school bookkeeper and the…
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