The PTA's fiscal year (annual budget cycle) runs from July 1 to June 30.
The draft budget is prepared by the Treasurer in spring of the preceding year. The Treasurer (or representative) presents the budget for approval to the full association's membership at the May PTA meeting.
The budget shows amounts the PTA expects to earn (income) and spend (expense) throughout the fiscal year in various categories. These amounts are subject to change; however, all changes are approved by majority vote of the Executive Committee.