Cumberland Goodwill Fire Rescue Ems Inc

“Cumberland goodwill fire rescue ems is structured under its bylaws as a membership organization with various classes of membership.”

“The president, vice president, and treasurer are elected by the governing board to two year terms. The chief is secretary of the organization and is an employee appointed by the executive board. One member at large is appointed for a two year term. The chief recommends the operational officers to the executive board which approves their appointment. The officers operate the company through the by-laws, policies, approved budget and standard operating guidelines.”

“A copy of the final draft 990 is reviewed with the board during a scheduled meeting. It is then discussed at that meeting and amended as appropriate with instructions to our accounting firm to finalize the form.”

“Directors, and officers disclose annually interests that could give rise to a conflict of interest.”

“The pay rate of all employees is determined by the executive board. This is normally done annually as part of the budget process. The existing pay rates are reviewed for competitiveness of each position wihin our operating region. Adjustments may be made individually by position and/or on percentage basis based on the company's ability to support the change. Periodically a salary survey is done to verify the positioning of our wage rate in the region. Interim changes in wage rate are approved by the executive board.”

“Copies of the by-laws and company handbook are provided to members or made available via the company intranet. Policies are available to both company members and employees and are available via the company intranet.”

“The organization's policy is to prepare its financial statements on a modified cash basis method of accounting that includes recording depreciation on long-lived assets, liabilities for the acquisition of long-lived assets and payroll withholdings. Under this basis, revenue is recognized when collected rather than when earned. Consequently, accounts receivable, accounts payable, and accrued expenses, other than those mentioned above, are not included in the financial statements. If expenditure results in the acquisition of an asset having an estimated useful life which extends substantially beyond the year of acquisition, the expenditure is capitalized and depreciated over the asset's useful life.”