Board of Fire Commissioners accepts TMFPD and SFPD Fiscal Year 2016 Audit Reports

Truckee Meadows Fire is financially sound. Sierra Fire Protection District has merged with TMFPD.

Reno, Nevada. Dec. 13, 2016. At Tuesday’s Board of Fire Commissioners meeting, the Board accepted the Truckee Meadows Fire Protection District (TMFPD) and Sierra Fire Protection District (SFPD) Fiscal Year 2016 audit reports.

The highlights of the TMFPD Audited Financial Statements for the Fiscal Year Ended June 30, 2016 are as follows:

• Total General Fund revenues were $26,630,645 while total expenses were $24,435,890. This resulted in an increase in net position of $2,194,755.    
• The General Fund’s fund balance for FY 15-16 was $10,619,291 which represents an increase ending fund balance that anticipates labor negotiations, additional suppression staff and additional capital projects.
• $4 million dollars was transferred to the capital projects fund in anticipation of construction of a new Station 14 which will be located at the southern end of the district.

“The external audits confirm the District’s sound financial position and our ongoing commitment to financial stewardship and sustainability of our service levels in both the short and long term,” said TMFPD Chief Charlie Moore. “I am proud of what the District has accomplished in the past four years, which includes District-wide paramedic emergency medical services, upgrading our fleet of fire engines with modern equipment, replacing aging fire stations and hiring additional firefighters. We are in a good financial position to meet the demands of a growing region.”

The highlights of the SFPD Audited Financial Statements for the Fiscal Year ended June 30, 2016 are as follows:

• The General Fund's fund balance as of June 30, 2016 was $2,096,972, an increase of 15 percent from the previous year.
• The total General Fund expenditures were $6,849,553 of which $6,681,780 was payment to TMFPD for fire administration and operations.
• The total expenditures were under budget by $699,337 or by 10.2 percent. 
• This audit is the final audit for SFPD as the District was dissolved and has merged with TMFPD.  

Note: The auditor's opinion of the financial statements is an "unqualified" opinion, which means the financial statements present fairly, in all material respects, the respective financial position of the Districts’ governmental activities.

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