(A) That the Village of Posen's annual appropriation for the Fire Department Reimbursement Training Program "incentive point system" be disbursed in twelve (12) monthly installments. Each installment will be due on the first working day of each month.
(B) That the Posen Fire Department incentive point system be governed by the policies and procedures adopted by the Posen Fire Department and approved by the President of the Village Board of Trustees.
(C) The determination of the point value of any given month will be calculated by dividing the total monthly installments by the total number of accumulated points of all participating members.
(D) The determination of each individual member's reimbursement will be calculated by multiplying the total points earned for the month by the point value of that month.
(E) The monthly installment will be as provided for and approved by the village president and board of trustees from time to time.
(F) The disbursement and control of the incentive point system shall be the responsibility of the fire chief of the Posen fire department. (Ord. 90-14, 8-14-1990)