Danville Firemens Relief Association

“The associations membership consists of the members”

“Of the danville fire department. The danville fire”

“Department has active, honorary and beneficial members”

“From the friendship fire co no 1, washington fire and”

“Hose co no 2, continental fire co no 3 and goodwill”

“HOSE CO NO 4.”

“The fire companies within the fire department nominate”

“An individual to represent them in the association. When”

“That group gathers in january, they elect from their own”

“The officers of the board.”

“Any expenditures or investments in excess of $300 must”

“Be approved by the board of representatives. Any”

“Changes in policies and prodcedures must be approved by the”

“Board and then one or more of the judges of the”

“Court of common pleas of the county.”

“The governing body holds a quarterly meeting and any”

“Comittees hold meetings as needed for the comittees task.”

“There is a written record of the associations activities”

“And any action made in the prior quarter or planned”

“FOR THE FUTURE.”

“A copy of the return is placed in the treasurers office”

“For availability for at least one week prior to filing.”

“All of the governing documents and financial infor-”

“Mation is kept in the treasurers office. Any member”

“Of the public that wishes to see any of the documents must”

“Make a request to the board. The board will then make”

“Arrangements with the individual or individuals to”

“VIEW THE DOCUMENTS.”

“The taxpayer elects to make the de minimis safe harbor election under the Regulation 1.263(a)-1(f)”

“The taxpayer hereby adopts for book and Federal income tax purposes the following policy regarding capitalization expenses for the year beginning January 1, 2024. In accordance with Internal Revenue Code Sections 167 and 168 and related Regulations Danville Firemans Relief Association has determined that amounts whose individual cost (including tax, installation and delivery costs) does not exceed $2500 will be deducted as incurred as operating expense. Amounts exceeding this dollar limit will be examined individually to determine if their use or purpose requires capitalization under the betterment, adaptation 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.”

“Equipment maintenance 5742. 5742. 0. 0.”

“Training expenses 3041. 3041. 0. 0.”

“Fire prevention materials 2176. 2176. 0. 0.”