Frequently Asked Questions About OSPC Finances
Frequently Asked Questions About Odyssey PTA Finances
FAQ #1: What does Odyssey PTA spend parent direct giving and other income fund?
Answer: Parent contributions from direct giving and fundraisers completely fund the field studies and performances, as well as paying for extra curriculum expenses, supplies, and other enrichment activities not financed by Portland Public School funds.
FAQ #2: How does Odyssey create its budget for the school year?
Answer: Odyssey’s financial year runs from July 1 – June 30th. An annual budget is created in late spring, based on the previous years’ budgets, and the upcoming year’s curriculum. The Odyssey PTA with input from teachers ratify the budget at the beginning of the new school year.
FAQ #3: What is the role of the PTA Treasurer?
Answer: The PTA Treasurer helps create the annual budget, manages the PTA’s bank account, and makes sure all spending requests have been approved by a teacher before they are paid and match the budget. The Treasurer provides revenue and expenditure updates at the monthly PTA meeting.
FAQ #4: How do I get reimbursed for an expenditure I’ve made for Odyssey?
Answer: All expenditures must be approved by an Odyssey teacher in advance. Reimbursement request forms are available in the Odyssey office at East Sylan. Spending requests must be signed by a teacher before they are submitted. Having an approved request form before you spend money means that you are assured of reimbursement. You may submit the form either by putting it in the box on the wall in the Odyssey office. All requests must be accompanied with the purchase receipt(s).
Who do I talk to if I have a question about any of the above issues?
Answer: Contact the PTA Treasurer at firstname.lastname@example.org.