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3 <br /> /4 +i <br /> July 19, 2012. <br /> Efiand Volunteer Fire Co., Inc <br /> PO Box 39 <br /> Efland, NC 27243 <br /> Orange County Budget Office <br /> PO Box 8181 <br /> Hillsborough, NC 27278 <br /> Re:Accumulated Fund Balance <br /> As Chairman of the Board of Directors of the Efland Volunteer Fire co, Inc. I am <br /> requesting that all of the June 30, 2012 fund balance be released to our fire department <br /> as soon as possible. This money will be used to offset the cost of a new rescue/pumper. <br /> which we are in the process of ordering. We expect to take delivery sometime,in <br /> October of 2012. This truck has a contract price of$408,941.00 which we plan to pay <br /> for with the fund balance, accumulated reserves and a loan for the balance of$250,000. <br /> This truck will supplement our truck inventory keeping it up to date and enhance our <br /> ability to perform vehicle rescue operations. <br /> Because the well being of the citizens of Efland fire district and the safety of the <br /> fire fighters are of the utmost importance to the Board of Directors, we respectfully <br /> request the fund balance for the purchase of the rescue/pumper. Be receiving the fund <br /> balance, the amount of the loan necessary to pay for the balance of the truck will be <br /> reduced. This will enable the department to continue to run on a solid financial base <br /> with their regular operating budget. <br /> Thank you in advance for your time in this matter. <br /> Sincerely, 7 (2 <br /> Ronnie L. McAdams, Sr <br /> Chairman, Board of Directors <br /> Efland volunteer Fire Co, Inc. <br /> 4 <br />