[Busmanagers] (no subject)

[Tiltman, Ingrid G]

Hi Sheree,

A network group of special schools recently had a PD session on DGR's
and to quote from the DGR notes provided, under the heading DGR
Requirements ..... "Must maintain a Gift Fund.  Best evidenced by
separate Bank Account, but not specifically required by the ATO".
Provided you record your donation into a separate sub program should be
sufficient as I understand it, especially as it is such a small amount.

 

:-)

 

Ingrid Tiltman

Business Manager

Mt Evelyn Special Developmental School

Ph:  9736 2499

Fax:  9736 3034

tiltman.ingrid.g at edumail.vic.gov.au

 

 

 

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Jones, Sheree
C
Sent: Friday, 7 July 2006 9:07 AM
To: Business Managers' Mailing List
Subject: [Busmanagers] (no subject)

 

We have been given a donation of $30.49 from a Community Assist Program.
We are set up as a Deductible Gift Recipient with the ATO but to date
have not used it. Technically speaking we should open a separate bank
account as Building/Library Fund and use this solely for donations.  At
this point we do not have any other donations to be deposited and the
costs of opening this account for $30.49 just do not seem worthwhile as
this money is quickly going to be eaten up by bank fees.

 

Does anyone have any advice for me?

 

Sheree Jones

Upper Yarra Secondary College

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