Lake Silkworth Volunteer Fire Department

“Description: Interest income. Amount: 23. Description: Dividend income. Amount: 446. Total Included on Form 990-EZ, line 4: 469.”

“Description: Pool income. Amount: 1,440. Description: House signs. Amount: 15. Description: Insurance proceeds. Amount: 3,563. Total to Form 990-EZ, line 8: 5,018.”

“Description: Depreciation. Amount: 14,509. Description: Other Expenses. Amount: 3,813. Total to Form 990-EZ, line 14: 18,322.”

“Description: Fuel. Amount: 9,495. Description: Truck expenses. Amount: 5,245. Description: Insurance. Amount: 3,544. Description: Office expense. Amount: 169. Description: Interest expense. Amount: 1,014. Description: Miscellaneous expense. Amount: 1,567. Description: Supplies. Amount: 851. Description: Pool expenses. Amount: 338. Total to Form 990-EZ, line 16: 22,223.”

“Description: Unrealized loss on securities. Amount: -2,731.”

“Description: Investments. Beg. of Year Amount: 0. End of Year Amount: 60,490. Description: Other Depreciable Assets. Beg. of Year Amount: 44,737. End of Year Amount: 30,228.”

“Description: Due to ambulance company. Beg. of Year Amount: 516. End of Year Amount: 0. Description: Loans. Beg. of Year Amount: 35,490. End of Year Amount: 17,734.”

“The Company hereby adopts, for book and Federal income tax purposes, the following policy regarding capitalization expenses for the year beginning January 1, 2018. In accordancce with Internal Revenue Code Sections 167 & 168 and related regulations, the Company has determined that amounts whose individual costs (including tax, installation and delivery costs) does not exceed $2,500 will be deducted as incurred as an operating expense. Amounts exceeding this dollar limit will be examined individually to determine if their use or purpose requires capitalization under the betterment, adaption or restoration rules used by the Internal Revenue Service and will be capitalized or expensed as incurred as a result of the application of those rules.”