Harmony Fire District Relief Association

“Expenses insurance 14,193 non-investment depreciation 60,036 total 74,229”

“Book / tax depreciation difference 12,684”

“Fire vehichles 469,000 581,200 less accumulated depreciation 206,500 253,852 transportation vehicles 0 0 total 262,500 327,348”

“Pnc finance 198,395 227,422”

“Volunteer firefighters relief associations are separate legal organizations affiliated with volunteer fire companies and/or volunteer fire departments (herein referred to as fire company). The volunteer firefighters relief association (vfra) is a separate legal entity from the fire company. Vfras are funded by a statutory disbursement of foreign fire insurance tax funds. Disbursements are made to the vfras local municipality who then will forward the funds to the vfra. The purpose of the vfra is to encourage individuals to take part in the fire service as a volunteer and to provide funds for the protection of the volunteer firefighter and their heirs. According to act 118 of 2010, vfras may use their funds for the following purposes: to purchase investments to earn additional income. To pay costs to a member or a decessed members family for infirmity or other disability suffered in partcipation in fire service. To provide death benefits. To pay for safety training and safety equipment. To purchase fire hoses, nozzels, and safegaurds. To purchase fire prevention materials for public distribution.”

“The foreign fire insurance tax distribution law was passed as part of act 205 of 1984, the municipal pension plan funding standard and recovery act (commonly referred to as "act 205," 53 p.s. 895.101 et. Seq.). Specifically, chapter 7 of act 205 sets forth the provisions of the foreign fire insurance tax distribution law (53 p.s. 895.701-895.706). The source of the monies is a 2 percent tax on foreign fire insurance premiums. (the term foreign fire insurance means fire insurance written by an insurance company which is not incorporated in the commonwealth of pennsylvania.) the commonwealth allocation to volunteer firefighters relief associations is determined by a formula based on the population and the market value of real estate for each municipality.”

“The foreign fire insurance tax distribution law was passed as part of act 205 of 1984, the municipal pension plan funding standard and recovery act (commonly referred to as "act 205," 53 p.s. 895.101 et. Seq.). Specifically, chapter 7 of act 205 sets forth the provisions of the foreign fire insurance tax distribution law (53 p.s. 895.701-895.706). The source of the monies is a 2 percent tax on foreign fire insurance premiums. (the term foreign fire insurance means fire insurance written by an insurance company which is not incorporated in the commonwealth of pennsylvania.) the commonwealth allocation to volunteer firefighters relief associations is determined by a formula based on the population and the market value of real estate for each municipality.”