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Selectboard approves changing fire-department CD tax ID to department EIN
Summary
The board voted to change the tax identification on a $30,000 fire-department equipment CD to the fire department's EIN and instructed staff to coordinate with the fire treasurer on details.
At the Jan. 6 meeting the Selectboard approved a motion to change the tax identification number on a fire-department equipment certificate of deposit to the fire department's EIN. The motion was made, seconded and carried by voice vote. Staff were instructed to confirm operational details with the fire department treasurer so the account remains properly controlled and to clarify whether any checks to the department are required.
Board members noted the account balance is roughly $30,000 and discussed the long-term capital needs for apparatus; one member noted that engine replacement costs may be substantial in coming years. Staff will confirm whether the change requires drawing funds to the department or reissuing administrative controls. The motion passed by voice vote with no roll-call tally recorded.
