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Township explains foreign fire insurance premium tax passthrough and reviews fire funding lines

Gilpin Township Board · November 14, 2024
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Summary

Chair explained $12,000 labeled as foreign fire insurance premium taxes is a revenue passthrough that is then paid out to the fire relief association; supervisors also discussed other township contributions to the fire department.

During the budget review, supervisors examined the township’s emergency‑services funding and clarified that the line labeled 'foreign fire insurance premium taxes' represents passthrough revenue the township receives and forwards to the fire department relief association.

Chair explained the mechanics: the township records the roughly $12,000 as revenue and the same amount as an expense paid to the relief association. The board also discussed additional annual support and items billed through the township for the volunteer fire department (including some auto insurance and workers’ health insurance), and a supervisor asked for updated fire department expense detail for the budget record. Chair agreed to request more detailed expense information from the department before final budget adoption.