The Tennessee Comptroller’s division of Local Government Audit has launched a new resource designed to improve and emphasize the importance of good financial management within Tennessee’s hundreds of volunteer fire departments.
The first edition of the Volunteer Fire Departments Financial Reporting and Procedures Manual offers clear guidance to developing policies and procedures that help mitigate risks around activities such as fundraising, purchasing, the sale of surplus property, grant expenditures, and many more.
The new manual also reminds each volunteer fire department that receives government money of the requirement to file an annual financial report with the Tennessee Comptroller of the Treasury and each local government body from which the department receives appropriations.
In addition to the new manual, the Comptroller’s Office has also created a training video to help volunteer fire departments implement financial best practices and recommended internal controls.
To view the new volunteer fire department resources, go to tncot.cc/vfd.
