We normally rollover approximately $2,500, we usually raise approx. $10k-$15k per year.

Have you thought about making a purchases for the school? (example: smart boards)

I think you'll want to check with a CPA about this; there may be some tax liability to think about.

Meanwhile I sure wish we had your trouble! We expect to end the school year with only about $7K.

Is there a legal amount a parent group can roll over from year to year? We are carrying a rather large amount of money that resulted from being under budget for several years. Our yearly budget is typically around $16,000-$18,000.00 but we will have about $35,000.00 at the end of the year.

I should add we don't foresee any major purchases in the upcoming years.

Can we keep that much money just sitting in our account? I can't seem to find an exact answer anywhere. Just wondering if anybody knew the answer to this. Obviously, we need to keep some money in there to work with the following year. I just don't want to get in trouble for carrying too high of a balance.

Thanks for the help!