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We have provided guidance on how to conduct your 2019-2020 virtual financial reconciliation. Please click here for all the necessary information.

A financial reconciliation reviews all financial transactions to ensure that expenditures are properly documented and conform with the approved budget and the PTA's governing documents. Additional information can be found in the BASICS Treasurer Resource Guide.

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

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. All members of the committee should sign a confidentiality agreement.

Financial Reconciliation Committees

Preparing for the Financial Reconciliation

The outgoing Treasurer presents the following financial records to be reviewed by the committee:

The outgoing Secretary presents the following records to be reviewed by the committee:

During the Financial Reconciliation

Reporting the Results

Irregularities in the Records

If the Financial Reconciliation Committee finds irregularities in the records of the treasurer:

Watch SPOTLIGHTS Financial Reconciliation: