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  1. #1
    MembersZone Subscriber nuke911's Avatar
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    Mar 2002
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    Hampstead, NH
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    Cool Direct Deposit Money ?

    Where does the direct deposit money have to go into Town account or can it go into Fire Dept. Association account ?


  2. #2
    Forum Member
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    Nov 2005
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    Kansasville Wisconsin
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    Default my suggestion

    I went to the bank and created a seperate account named Grant account and then updated my 1199a to show that account. It make for easy tracking of payments and deposits. It also keeps the town fingers away from it and often times they dont know it is even there . It also gave me peice of mind that the money would always be there when I would make payment.

  3. #3
    Forum Member islandfire03's Avatar
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    Default

    Quote Originally Posted by nuke911 View Post
    Where does the direct deposit money have to go into Town account or can it go into Fire Dept. Association account ?
    That would depend on whether you have a separate duns # and EIN # for the fire dept association. Which entity applied for the grant ? the town or the dept association?

  4. #4
    Forum Member
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    Nov 2006
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    Default

    You should use the Town tax id number to create an account for these $$$s. Your association auditors won't like the money going through there any more than FEMA.

  5. #5
    FH Mag/.com Contributor
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    Feb 2002
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    Cypress, TX
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    Default

    DHS doesn't care where it goes, as long as the account is tied to the organization somehow. I've had a few clients where the town/city/county paid the matching for the department (separate EIN) and because they had to account for the funds they ran it through their accounts.

    Other than having it in black and white how much went in and out there's no need to create a separate account, but it does simplify tracking.

  6. #6
    Forum Member jmkfire's Avatar
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    Riley, Kansas
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    Default

    When we started applying for these, the accounting firm that does the annual city budget recommended a seperate account just for this grant. It has worked well and makes it much easier to keep track of funds and is easier for our city clerk as well. We're a small community so this works well for us. It may not for someone else.

    "Just remember. No matter where you go. There you are!"

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