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How are we funded?
General Fund
Nature of Activities - Fire Company
The East Whiteland Fire Company was incorporated in 1953. The company is a non-profit corporation organized under the laws of the Commonwealth of Pennsylvania. The company operates a volunteer fire company and an ambulance service that provides Basic Life Support (BLS). The fire company is funded by way of community contributions from both residents and businesses in addition to contributions both townships receiving services and by billable ambulance services.
Basis of Accounting
Audited financial statements are prepared each year on the cash basis of accounting. The means revenues and related assets are recognized when received rather then when earned and expenses are recognized when paid rather then when incurred.
Organization of Financial Statements
Financial statements include the accounts of the East Whiteland Fire Company and all its operations, including the fire company, the ambulance service and the administrative accounts.
Promises to give
Contributions are recognized when received by the organization.
Property and Equipment
It is the organizations policy to capitalize property and equipment costing in excess of $1000. Lesser amounts are expensed. Purchased property and equipment are capitalized at cost.
Relief Association
Nature of Activities
The East Whiteland Fire Company also operates the East Whiteland Volunteer Firefighter Relief Association which is a charitable, non-profit organization formed to afford financial protection to volunteer firefighters and to encourage individuals within the community to participate in the volunteer fire service. The relief association bylaws regulate the specific procedures by which the association assets are managed. The relief association is funded by the Foreign Fire Insurance Tax.. The tax is paid by fire insurance companies which do business in Pennsylvania but are not domiciled here. The State of Pennsylvania determines the amount of distribution to each municipality based upon the population of that municipality as well as the market value of real estate within the municipality. Upon receipt of the distribution, the municipality must allocate the funds to the relief association of the fire company or companies which are recognized as providing services to the municipality.
Basis of Accounting
Audited financial statements are prepared each year on the cash basis of accounting. The means revenues and related assets are recognized when received rather then when earned and expenses are recognized when paid rather then when incurred.
Property and Equipment
It is the organizations policy to capitalize property and equipment costing in excess of $1000. Lesser amounts are expensed. Purchased property and equipment are capitalized at cost.
Financial Management
The East Whiteland Fire Company Relief Association must abide by certain requirements in order to receive funds from the state. The leaders of the Association meet regularly to determine the uses of the funds that have been allocated and ensure that all purchase are made within the strict guidelines provided by the state. Examples of Relief Association purchases include PPE (Personal Protective Equipment) such as SCBA (Self Contained Breathing Apparatus), Bunker Gear (fire fighting clothing) and rescue equipment. Relief Association funds may also be used for major purchases such as Firefighting Apparatus (Engines, Ladder Trucks, Rescue Trucks etc.)
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