Financial Review Committee Overview

A financial review examines all financial transactions to ensure that expenditures are properly documented and conforms with the approved budget and the PTA's governing documents. 

A financial review is required, at least annually, at the end of the fiscal year. The review should also be performed:

• when any authorized check signer is added or deleted on any bank account; and

• at any time deemed necessary by the president or three or more members.

Committee information and discussions are confidential; therefore, meetings should be conducted in a private location and only include appointed committee members. The committee may contact the outgoing Treasurer and outgoing President for any clarification required, all findings should remain confidential until the report is delivered.