§ 115.06 ESTABLISHMENT OF FOREIGN FIRE INSURANCE FUND.
   There is hereby established a Foreign Fire Insurance Fund to be managed and administered by the Foreign Fire Insurance Board in accordance with § 33.092 of this code. The Foreign Fire Insurance Fund shall be operated on a fiscal year from January 1 to December 31. Each year, the Village Treasurer shall transfer any Foreign Fire Insurance license fees collected by the village into the Foreign Fire Insurance Fund. As part of the annual village audit, the funds in the Foreign Fire Insurance Fund shall be audited to verify that the funds have been expended by that Foreign Fire Insurance Board only for the maintenance, use, and benefit of the Fire Department.