Cedarburg Firemens Park Inc

“The Cedarburg Firemens Park, Inc. is an all volunteer fund raising organization supporting the areas fire and rescue services. The fire and rescue services are a component of the City and Town of Cedarburg.”

“The Park owns part of the Ozaukee County fairgrounds (Purchased mid-1940). Because the land does not have an estimated value, it is excluded from the Statement of Financial Position (Part X). The grandstand and other smaller buildings are past their depreciable lives (acquired or constructed back to the 1940s) and have also been excluded from the Statement of Financial Positiion. Depreciatioon has not been recognized”

“Most of the Parks Net Assets are dedicated to the future needs of the fire and emergency services of the City and Town of Cedarburg and the Cedarburg Emergency Management Company (a sister 501c(3) organization). The primary dedicated reserve is for truck and equipment replacement. When vehicles are purchased(none in 2023)and certain operating expenses are incurred by the government, they are reimbursed to the City. The reserve is replenished by a contribution from the events ($104212 in 2023)”

“The governship of the park was changed in 2020. The Fire Chief is appointed by the Citys Police and Fire Commision. All Park officers are appointed by the Chief. Previously all were elected officers.”

“The Form 990 was discussed with the leadership of the Executive Board of the Department prior to its filing”

“Department policies are maintained by the Fire Chiefs office and are available to the public.”

“For many years, the volunteer firemen and women have purchased its firefighting and rescue equipment from its fund raising activities, including the park, not from property taxes.”

“Activity in dedicated liability accounts (paramedics, memorials, emergency management, etc,:”

“Net aditions to dedicated accounts 71,154”