FINANCIAL REVIEW RESOURCES
This page is dedicated to providing forms, information, and resources to unit and council PTA financial reviewers (formerly called auditors).
Still have questions?
Financial Reviewers, contact First District PTA via email at Auditor@PTA1.org
First District PTA Resources
Name and Terminology Changes to the Auditor Position/Audit Forms
While the current California PTA Toolkit still refers to “audits,” “auditors” and “audit review committee,” there have been changes to this terminology. California State PTA’s terminology is now “financial reviews,” ” financial reviewers, ” and “financial review committees.”
Click the links below to access helpful resources
Financial Review Form (Fillable)
Financial Review Checklist (Fillable)
For Council Use: 5 Point Audit Review Checklist of PTA Unit Audits
Leadership Conference June 2021 – Presentation & Handouts
Financial Review Requirements
PTA requires that financial reviews be done twice a year — a mid-year financial review that covers the first six months of your fiscal year, and an end-of-year financial review that covers the last half of your fiscal year. As you begin to think about doing your mid-year financial review, there are a few things you need to keep in mind:
- The financial reviewer needs to be appointed by or elected to the Executive Board per your bylaws.
- The financial reviewer cannot be related to any of the check signers by blood, marriage or live in the same household.
- The financial review must be presented to the Executive Board as well as the General Association for adoption.
- The financial review must be reviewed by a financial review committee, unless the financial review is conducted by a qualified accountant.
This final step is one that is new to many of you. California State PTA has resources to answer your financial review questions about this new process. Please read our Q&A sheet, review the Toolkit, and send any additional questions you have to auditor@pta1.org.
If you are wondering where the audit review committee came from, our insurance guide lists the requirements to stay in compliance on page 28.
We know you want to stay in compliance, so make sure you have a financial review committee for your next financial review.