Kensington Volunteer Fire Dept Inc

“No full governing body review is required, or will be conducted. The return is revewed by the treasurer and president and made available for other board members at their discretion.”

“Officers and directors are uncompensated positions. Employee salaries are determined by the Montomery County classification plan.”

“Monitoring is accomplished through training, direct inqyuiry, specific instructions, solicitation of comments at general meetings, and membership self-regulation. Although annual written documentation is not collected, the board believes the other procedures affirm independence is maintained.”

“No documents are made available to the general public as a general procedure. Documents are made available upon a request to the governing body, and then made available for inspection on-site.”

“Program Service Expenses 6,827, Grants and allocations 0, Revenue 0 Appraising community of fire prevention and preventative measures related to household and workplace accidents. Community education for fire prevention and first aid.”

“Capitalization Policy Taxpayer hereby adopts for book and Federal income tax purposes the followingpolicy regarding capitalization expenses for the year beginning July 1, 2024. Inaccordance with Internal Revenue Code Sections 167 and 168 and related RegulationsTaxpayer has determined that amounts whose individual cost including tax,installation and delivery costs does not exceed 2,500 will be deducted as incurred as anoperating expense. Amounts exceeding this dollar limit will be examined individually todetermine if their use or purpose requires capitalization under the betterment, adaptationor restoration rules used by the Internal Revenue Service and will be capitalized orexpensed as incurred as a result of the application of those rules.”