FIRST Financial System Problems

[ScottOliveira]

Originally Posted by Rosiebotboss

It's time to look at a reorganization of how your team handles the business side of the team. Many teams that I talk to have a simple check book with the team name on it and a parent or two or team lead / mentor as signers onthe account. Fundraising goes into that account, your profits from pasta dinners, golf tournaments, magazine sales, whatever your team does to fund itself. Sponsor money can still be in the school or FIRST account still, but that canbe earmarked for registrations only. At least with your a team checking account you will have some money in which to work with.

Our team relies primarily on corporate sponsors, who donate the money to the FIRST account. So there is no other money to put in the team checking account other than what comes from FIRST.