Brighton was told by our auditors that if the Town Fire Department has
any of its own funds--from fundraisers of any sort, for instance--they either
need to get a separate Federal ID number, or those funds need to come under
the control of the Town Treasurer. It had been the practice here for the
Fire Department to keep those funds separate, but since the Fire Department
operated under the town's ID number, it put the Treasurer in an awkward
spot. The way I understand it, the Treasurer is responsible for
tracking funds spent under the Town's ID number.
At the VMCTA Treasurer's Day seminar on June
15th, we were told that in order to be GASB compliant, the funds of
non-incorporated fire depts. and rescue squads needed to be under the control
of the town treasurer. Does anyone have any documentation/information on
this issue that can be brought before a selectboard to get them to understand
the seriousness of this?