Poplar Springs Fire Service Area

“A completed draft form 990 is provided to all the commissioners for their review before filing the return.”

“Organization reviews conflict of interest policy at commissioner meetings and deals with any enforcement issues at that time.”

“Governing documents are made available to the general public upon request.”

“We strive to provide an adequate, cost effective level of fire protection and rescue services to the citizens of the poplar springs fire district by adhering to the following core values: core values family family comes first. Our individual families, and then the fire department family. Our families are the backbone of everything we do. Without the support of our families, we could not achieve our goals. Honor we will display loyalty, trust, honesty, and integrity through our actions. Respect we will gain the respect of each other, our neighboring departments and the communities we serve by treating everyone as we would like to be treated. Dedication we are dedicated to family, our department, and the communities which we serve. We are dedicated to excellence and providing the highest quality of fire and rescue services to the community. Professionalism striving to maintain a professional image through our actions and commitment to our core values. Customer service customers of the poplar springs fire service area will be treated as family.”

“Change in accounting principle the organization implemented gasb statement no. 68 "accounting and financial reporting for pensions - an amendment of gasb statement no. 27" ("gasb 68") and gasb statement no. 71 "pension transition for contributions made subsequent to the measurement date - an amendment of gasb statement no. 68" ("gasb 71- and collectively "statements") in the year ended june 30, 2017. The primary objective of these statements is to improve accounting and financial reporting by state and local governments for pensions. In addition, state and local governments who participate in a cost-sharing multiple employer plan are now required to recognize a liability for their proportionate share of the net pension liability of that plan. It is gasb's intention that these statements will provide citizens and other users of the financial statements with a clearer picture of the size and nature of the organization's financial obligations to current and former employees for past services rendered. In particular, these statements require the organization to recognize a net pension liability, deferred outflows of resources, and deferred inflows of resources for its participation in the south carolina police officers retirement system ("plan"), cost-sharing multiple-employer defined benefit pension plan, on financial statements prepared on the economic resources measurement focus and accrual basis of accounting (i.e., the statement of net position) and present more extensive note disclosures. The adoption of these statements had no impact on the organization's governmental fund financial statements, which continue to report expenditures in the amount of the contractually required contributions, as required by the south carolina public employee benefit authority ("peba") who administers the plan. However, the adoption has resulted in the restatement of the organization's net position as of july 1, 2016 for its government-wide financial statements to reflect the reporting of net pension liabilities and deferred outflows of resources for its qualified plan in accordance with the provisions of these statements. Net position of the organization's government-wide financial statements as of july 1, 2016 was decreased by approximately 556,000, reflecting the cumulative change in accounting principle related to the adoption of these statements. See note iv.a for more information regarding the organization's retirement plan. The organization has changed its financial statement reporting as a governmental entity instead of a nonprofit entity. Generally accepted accounting principles require that an entity for which the controlling majority of the governing body is appointed or approved by one or more state or local governments follow governmental reporting. A majority of the organization's commissioners are appointed by spartanburg county council and thus should follow governmental reporting. Generally accepted accounting principles requires the organization to prepare a management's discussion and analysis. Due to the difficulty in preparing a comparative management's discussion and analysis in this first year of reporting as a governmental entity, management decided to omit the management's discussion and analysis. Management plans to include the management's discussion and analysis in future years.”

“Loss on sale of assets reported as expense 23,034 loss on sale of assets reported as expense -23,034”