(A) Preliminary budget.
(1) The Foreign Fire Insurance Board shall develop and maintain a listing of those items that the Board feels are appropriate expenditures under this subchapter, and shall approve a preliminary budget for the expenditure of the Foreign Fire Insurance Company fees collected by March of each year. Said budget shall prescribe the purposes for which foreign fire insurance fees will be expended for the maintenance, use and benefit of the Village Fire Department for the upcoming fiscal year (May 1 through April 30).
(2) The items and purposes may include the following:
(a) Purchase of safety equipment;
(b) Training and materials and equipment;
(c) Attendance at training schools subject to approval by the Fire Chief;
(d) Station furnishings and equipment;
(e) Emergency medical and fire suppression equipment;
(f) Membership assessments for the Community Firefighters Association Death Benefit Fund and Illinois Firefighters Indemnity Fund;
(g) Rescue dive equipment; and
(h) Audit expense.
(B) Final budget. The Foreign Fire Insurance Board shall, by May of each year, prior to the start of the fiscal year, adopt a final budget for the collection and payment of the Foreign Fire Insurance Company fees. The final budget shall be approved by the Village Board of Trustees in the same fashion as any other regular village ordinance.
(C) Budget amendments. The Foreign Fire Insurance Board budget referred to in division (B) above may be amended at any time by the unanimous vote of the Foreign Fire Insurance Board and a majority vote of the Village Board of Trustees.
(2000 Code, § 33.40) (Ord. 4034, passed 2-1-2010)