Massachusetts Fire District 7
By-Laws

(Update: September 23, 2010)

           ARTICLE V – FINANCIAL

Article V, Section 1.  Fiscal Year

            The fiscal year of District 7 shall be from July 1 to June 30.

Article V, Section 2.  Assessments

            Each member community shall be assessed a sum of money per year for the operation of District 7. The amount of the annual assessment shall be determined by a recommendation of the E-Board.  Approval of the assessment will be by majority vote of the membership at the November meeting. The assessment is listed in appendix “A”. The Treasurer shall bill each community during the month of July with payment due by November 30 each year.

Article V, Section 3.  Budget

            The E-Board shall prepare a budget of expenditures for each fiscal year and said budget shall be submitted for approval to the membership at full membership meeting
in May.

Article V, Section 4.   Disbursment of Funds

            Funds of District 7 will be held by in an account established for this purpose by the Treasurer and approved by the E-Board. Disbursement of funds will be by voucher approved as follows:

A.      Budget items – Signature of Treasurer

B.      Non-Budget items – Signature of the Secretary/Treasurer, and co-endorsed by an Officer of District 7, for sums up to $300.00.  Sums over $300.00 but not more than $1,000.00 requires approval of the E-Board at their next regular meeting. Sums over $1,000.00 requires a vote of the full body at a scheduled meeting.

Article V, Section 5.   Annual Report

An annual report outlining the activities for the year and containing the year end fiscal report shall be prepared and distributed to the members no later than the August following each year’s end

APPENDIX A
DUES
June 17, 2010

$1,000.00 = unlimited recruits in the training program.

$600.00 = two recruits in the training program and $350.00 each for additional recruits.

$100.00 = associate members.  Associate members pay $350.00 for each recruit.

Note; associate members may opt to pay any of the above stated dues structures for the benefit of the recruit package. Associate members still fall under the associate membership status for all other privileges.