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Alternative Sources of Funding in the Fire Service During Difficult Economic Times - Research Proposal Example

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The objective of this research is to find out the alternative funding strategies of the Fire Service Department in the economic downturn. Another objective is to look for some other prospective strategies the fire service department can take to enhance their funds in troubled times. …
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Alternative Sources of Funding in the Fire Service During Difficult Economic Times
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Download file to see previous pages Limited by a stipulated budget, the fire department in the United States are trying to capitalize on a wide range of fundraising approaches beyond the conventional methods (US Fire Administration, n.d.). The fundraising strategies can vary from small fees to large sources of the fund as benefit assessments. Sometimes these major funding sources pay off as much as 40 percent of the service budget. Development fees and subscription charges are two of its major alternative funding strategies. These are the fees which the private investors pay for constructing a new fire station and buying related apparatus. Subscription charges are paid by the households and are a part of the emergency medical services availed by them (US Fire Administration, n.d.).
Some fire divisions have suggested, keeping these fees specific for small household fires. According to them, an additional service charge must be paid for dealing with emergency services. Few fire departments, though aware of the fact that the housing insurance policies do cover up a few thousand dollars for fire protection fees, would still like to charge for fire prevention services. Some other departments charge almost for everything, starting from simple services to the special emergency ones (US Fire Administration, n.d.). The payment can be in two ways; either by subscription fee or by service fees for each of the services.
The major source of funding comes from emergency incidents. Some services which were free earlier are charged these days. Some local funding strategy includes tax revenue, borrowing, leasing, benefit assessment charges, fees, strategic alliances, cost sharing and consolidations, fines and citations, sales of assets and services, subscriptions and impacts development fees (US Fire Administration, n.d.).  ...Download file to see next pagesRead More
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