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<br />Efland Volunteer Fire Department <br />PO Box 39 <br />Efland, NC 27243 <br />April 13, 2007 <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 Efland Volunteer Fire Co., Inc. <br />I am requesting that $40,000 of the June 30, 2006 fund balance be released to <br />our fire department as soon as possible. This money will be used to offset the <br />cost of a new pumper/tanker, which we are in the process of ordering and expect <br />to accept delivery on in July of 2007. This truck has a contract price of <br />$205,000.00 which we plan to pay for with the fund balance, accumulated <br />reserves and a loan for the balance of $105,000. This truck will supplement our <br />truck inventory and be in place when the new substation is completed in 2008. <br />Because the well being of the citizens of the Efland fire district, as well as <br />the safety of the fire fighters, is of the utmost importance to the Board of <br />Directors, we respectfully request the fund balance for the purchase of the <br />pumper/tanker. By receiving the fund balance, the amount of the loan necessary <br />to pay for the balance of the truck will be reduced. This will enable the <br />department to continue to run on a solid financial base with their regular <br />operating budget. <br />Thank you for your time and considerations to this matter. <br />Sincerely, l -:,,,~ <br />Ronnie L. McAdams, Sr. <br />Chairman, Board of Directors <br />Efland Volunteer Fire Co., Inc. <br />