Glenkirk Es PTO

“Part I, in general. In thoroughly reading the instructions for preparing the 990EZ form, it seems certain revenue streams were not categorized correctly in previous years' filings. I have made every effort to follow the guidelines as closely as I am able using records kept by former Treasurer to correctly report all revenue on the proper line. Notes have been made to improve our accounting standards so that revenue can be more accurately recorded and reported going forward. Although our revenue is being reported differently this year, from prior years, our operations, sources of revenue, and exempt purpose have not changed in any substantial way.”

“Description;Amount^General Business Operations;191|Bank Fees;5|Insurance;739|PTO Meeting Expenses;10^Total;945^”

“I am the new Treasurer for this organization having taken over the books, records, and responsibilities of the office beginning July 1, 2019. In trying to better educate myself for this post it has come to my attention that previous officer volunteers my have not had a complete understanding of all our accounts and relationships with a chartered group. Our beginning balance for this fiscal year now includes active accounts that were unknown assets to previous boards; by their inclusion for this fiscal year, our beginning balance does not agree with the previous fiscal year's ending balance. Going forward, notes will be made for current and future boards so that all currently active accounts can be monitored and reported.”

“There is an unexplained discrepancy from the previous Treasurer in the fiscal year beginning balance when comparing the bank account statement to the finance software reconciliation. I have made a concerted attempt in due diligence to account for this discrepancy, but no cause or reason has been discovered. As it is such a small amount compared to gross receipts we are willing to accept this error and move forward with better accounting practices.”

“This is the beginning and ending account balance for separate Pack 28 (Cub Scout) checking account. It came to new Treasurers attention this year that this account is property of Glenkirk ES PTO and had not previously been reported.”

“Outstanding check for expenses incurred in this fiscal year but not yet cleared from account.”

“Glenkirk ES PTO is the Chartered Organization for Cub Scout Pack 28, and has been for many years. It has just come to our attention this year, as we are a new group of parent volunteers on this years' board, what this relationship means. As the CO for the Pack, Glenkirk ES PTO "owns" the Unit and all of its assets, and as such has interpreted this to mean we should also be reporting their revenue as our own. The Pack Unit is not a stand alone entity and operates under Glenkirk ES PTO's EIN, having also used it to establish their separate bank account to collect revenue and fund Pack activities. Chartering the Pack has always fallen in line with Glenkirk ES PTO's mission to promote the education and well-being of all children at home, in school, and in the community, and is operated as a program sponsored by Glenkirk ES PTO to this end.”