Lansdowne Volunteer Fire Association No 1 Inc.

“Significant program services: On Feb. 1, 2017, Lansdowne Volunteer Fire Department absorbed the facilities and equipment of an economically bankrupt sister volunteer fire station in the same general geographic region of Lansdowne, Maryland.”

“The company is comprised of members (Non-Stock). Voting rights are determined by Constitution and By-Laws.”

“As noted above in Pt III, There was a significant increase in assets acquired from a economically bankrupt sister volunteer fire station. Those assets included land and a building that were added to building assets at an appraised value; and equipment added to Fire and Equipment Vehicle assets at Fair Market Value determined by records of equipment maintained by the governing Baltimore County Fire Department Organization, which include decreases value of each piece of equipment yearly by depreciation.”

“Minutes of meetings are taken and maintained by the Secretary, and are approved by the membership.”

“The Form 990 for this year was prepared by a Certified Public Accountant who presented the full report and reviewed with the Company President and Treasurer. The return was reviewed with other officers, signed, and filed.”

“Company policies are monitored by the Board of Directors and by committees established by the board. Any member can serve on a committee or ask to meet with a committee or the board directly.”

“All of the governing documents, policies, financial statements and Form 990's are maintained at the Lansdowne Voluntire Fire station. They are available to the public and member review during business hours. Most policies and governing documents are also available to members through a website.”

“Financial Statements for 2017 were compiled by a Certified Public Accountant from accounting and other documents provided by the President and Treasurer of the organization. Due to the changes created by absorbing the assets of the sister station described above, significant adjustments had to be made to the existing financial reports to reflect the financial impact on the organization.”

“The company has no paid officers or directors. Expenses are maintained through a budget process. The fire company owns land and a building to house fire apparatus, hold meetings and allow members to man fire and emergency medical equipment. Assets are recorded at cost and have not been depreciated in the past, including 2017. When assets were sold or disposed of, they were removed from the books at cost, and any new or replacement assets recorded at cost.”