Per the Hyde-Addison PTA Bylaws, the Audit Committee is a standing committee tasked with ensuring financial oversight and accountability. This committee is responsible for reviewing the PTA’s financial practices ensuring transparency, accountability and alignment with the approved budget. This committee must include at least two volunteer members of the Hyde-Addison community.

If the budget allows, they may hire an independent external auditor or conduct the audit internally. Per the Bylaws, an audit must be completed within 60 days after the end of the fiscal year, and at minimum, an audit is required once every three years.

The audit includes a review of the PTA’s budget and financial processes, evaluating whether funds have been managed in accordance with the approved budget and identifying opportunities to strengthen the PTA’s financial risk management. Following the audit, the auditor(s) will produce a written report with detailed findings and recommendations, which will be presented to the Executive Board. The Executive Board will ensure the report is available to any PTA member upon request.

Time Commitment: Because an audit is due this year, the committee will be more active than usual during the fourth quarter of 2025. Members should expect to meet regularly during this period to complete the audit, compile the written report and present findings to the Executive Board. After the audit is complete, the committee’s time commitment will be minimal for the remainder of the year.