A. The board shall make all necessary rules and regulations with respect to the board and/or the management of funds appropriated to the board.
B. The board shall develop and maintain a listing of those items that it determines are appropriate expenditures for the maintenance, use, and benefit of the fire department. The funds received by the village pursuant to this article shall be appropriated to the board annually by the village board and set apart as a separate fund.
C. All expenditures by the board shall be in accordance with the village's ordinances, rules, procedures and policies concerning the expenditure of municipal funds.
D. The funds of the board shall be annually reviewed as part of the village audit. The audit shall verify that purchases by the board are for the maintenance, use and benefit of the fire department, as described in section 5.1606 of this article.
E. The treasurer of the board shall give a sufficient bond to the village in the amount set forth in appendix A, division I of this code. The bond shall be conditioned upon the faithful performance by the treasurer of his duties under statute, the provision of this article, and the rules and regulations adopted by the board.
F. The treasurer of the board shall receive funds appropriated by the village, and shall pay out such funds and/or otherwise make expenditures upon the order of the board, in accordance with current village purchasing policies. Any expenditure made by the treasurer, pursuant to the order of the board, shall be solely for the maintenance, use and benefit of the fire department, as described in section 5.1606 of this article. (Ord. 6149, 8-5-2014)