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 Leadership Resource Guide.
A financial reconciliation 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.
Financial Reconciliation Committees
A minimum of three members are appointed by the president, at least 30 days before the last regular meeting of the year. All appointments are subject to the approval of the board.
Authorized check signers, nor their family members, may not serve on the committee.
Georgia PTA advises against appointing the incoming treasurer to the committee.