StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

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

Comments (0) Cite this document
Summary
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. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Alternative Sources of Funding in the Fire Service During Difficult Economic Times
Read TextPreview

Extract of sample "Alternative Sources of Funding in the Fire Service During Difficult Economic Times"

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
Cite this document
  • APA
  • MLA
  • CHICAGO
(Alternative Sources of Funding in the Fire Service During Difficult Research Proposal, n.d.)
Alternative Sources of Funding in the Fire Service During Difficult Research Proposal. Retrieved from https://studentshare.org/macro-microeconomics/1562979-what-are-alternative-sources-of-funding-in-the-fire-service-during-difficult-economic-times
(Alternative Sources of Funding in the Fire Service During Difficult Research Proposal)
Alternative Sources of Funding in the Fire Service During Difficult Research Proposal. https://studentshare.org/macro-microeconomics/1562979-what-are-alternative-sources-of-funding-in-the-fire-service-during-difficult-economic-times.
“Alternative Sources of Funding in the Fire Service During Difficult Research Proposal”, n.d. https://studentshare.org/macro-microeconomics/1562979-what-are-alternative-sources-of-funding-in-the-fire-service-during-difficult-economic-times.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Alternative Sources of Funding in the Fire Service During Difficult Economic Times

Report on Various Funding Sources

... equity (investments) (Nolo 2007): Table Source: Nolo 2007 D. Different Kinds of Debt and Equity Financing The most common type of debt financing for companies is what is called Senior debt, so called because it takes the highest precedence for payments among other kinds of debt as well as equity financing. This in contrast to what is called subordinated debt. Senior debt is backed up by collateral, in the form of company assets, including cash flow and physical assets, as well as other funding sources from the company whenever cash flow is not enough to service debt payments. Senior debt is often cheap, and cheaper than other forms of debt financing and equity financing (DCA Partners n.d., p. 2). A notch below senior debt is mezzanine debt...
12 Pages(3000 words)Dissertation

Alternative Energy Sources

... (Dell and Rand, 2004:240). Another significant factor is transaction costs. Alternative energy source projects are relatively smaller than those of conventional sources are, primarily because of their unfamiliarity or uncertainty in performance. Consequently, transaction costs for alternative energy sources, including assessment, permitting, power-purchase contract negotiations, and financing packages assembly, result to enormous per-kilowatt capacity basis than conventional energy sources. Higher transactional costs are not an economic distortion barrier, but rather another way of making alternative energy sources extremely expensive. The last notable sub-category is environmental externalities. The conventional energy sources have real...
4 Pages(1000 words)Essay

Leadership in Difficult Times

...? HR Leadership in Difficult Times: A Story of Saving Mountain Deer of the Ranch Parker and Clara Wolmington were sitting in their home. It was afternoon and they were expecting a few guests from Illinois. These guests were not someone they knew. Instead, they will be occupying their guest rooms for the next few days and also moving around their ranch to hunt their precious deer. This is the year 1955 when Parker and Clara Wolmington laid down the foundation of a Deer Christian Ranch which was later renamed as Deer Valley Ranch (“History”, 2012). A beautiful landscape comprising of Colorado Mountains: Mt. Antero, Mt. Princeton and Chalk Cliffs, surrounds the Ranch which increases the attraction of the place. The Wolmingtons have been...
6 Pages(1500 words)Research Paper

Alternative Energy Sources

.... Summary Thus, it can be summarized that the use of alternative energy resources such as solar power, wind power, hydel power, and geothermal power as a means of helping to create a sustainable world can be supported on certain grounds. These include claims that these resources are more diverse, renewable and less polluting compared to fossil fuels. On the other hand, arguments that alternative energy sources cannot be depended upon for reliable and uninterrupted power supply, create social and environmental problems of their own, and are not economically efficient drive some people to oppose the idea. References Demirbas, A. (2010). Biorefineries: For Biomass Upgrading Facilities. Springer. Gamboa, G., Munda, G., & Russi, D. (2008...
6 Pages(1500 words)Research Paper

Alternative Energy Sources

... extent by converting coal to oil and gas. The liquefaction and gasification processes for coal may soon be as economical as obtaining liquid and gaseous fuels from conventional sources, and both processes seem likely to be used commercially within the 1970s. Reliance on coal for all fossil fuel needs would of course shorten the life expectancy of our coal reserves considerably. One possible alternative is the oil shelf, which constitute a potential energy resource much larger even than coal. Hydroelectric energy and the energy of the wind and tides will always be available (Manwell and Rogers 41). The rate at which these energy sources can be exploited, however, is limited by the global flow of energy in the form of falling water, wind...
2 Pages(500 words)Essay

House during hectic times

Getting things done around the house can really be very challenging. With the children and the spouse around, you can’t seem to get things done at all. My son Chance think that housework is a kind of game so he usually follows me around while I go about my housekeeping. When I start sweeping the floor, he would playfully unplug the cord of the sweeper and run from me smiling. He also has an affinity for the mop and the bucket of water that I use in cleaning the floor. Before I know it, he had already emptied the bucket of water on the floor creating such a big mesh!
After what seems like forever, I finally get the house straightened out. Do get to rest after all the sleeping and mopping? No. By the time I am done with the clea...
4 Pages(1000 words)Essay

Construction Projects Funding Sources

...Construction Projects Funding Sources A construction contract is an arrangement between two or more organizations, where one organization constructs for another organization (the client) in exchange for payment. Construction Contracts are usually in written form, whereby, if one party fails to reach its end of the agreement, then the contract is broken. The construction contract is usually very expensive and ranges from simple projects to complex ones. There are different clients in these types of contracts, and they can either be commercial or residential. Different clients have different requirements that determine what is always included in the construction contracts (Cleland, 2006). Funding of construction projects may be approached...
5 Pages(1250 words)Essay

Alternative Energy Sources

...Alternative energy sources Alternative energy sources Energy needs around the world grows as population increases. This has put a strain on existing non-renewable energy sources and raised the need to develop renewable sources to tap wind energy, solar energy, geothermal energy and nuclear energy, Ronney Kitter (2003, p. 18). Renewable energy provides benefits such as helping to maintain the energy infrastructure. The growing energy demands, increase in cost of energy and rising concern over global climate changes have aroused interest in exploiting renewable energy. A free market approach would promote increased efficiency in the sector this would allow states to purchase or production decisions i.e. export or import based on competitive...
4 Pages(1000 words)Essay

Funding Sources for Terrorist Organizations

... Funding Sources for Terrorist Organizations Terrorist organizations, like any other organization require funds to run its operations. However, for an organization to acquire funds there must be a source or a means of generating those funds. Research by the U.S. government, in their fight against terrorism, reveals the different methods through which terrorist make and channel funds for terror activities (Kaplan, 2006). They include; drug trafficking, extortion, donations, money laundering, and prostitution. They use the funds for maintaining their networks, recruiting, planning, buying weapons, finance their supposedly legitimate businesses, and build infrastructure in areas of operation. According to Ehrenfeld (2002), terrorist...
1 Pages(250 words)Essay

Renewable Sources of Energy in the Green Computing

With most of the corporate these days giving due consideration to their energy bills, green computing has found its place in the priority list for most of the CEOs. Apart from this, another important reason for the application of green computing goes to the increased carbon emission that the world is facing due to a surge in the consumption of non-renewable sources of energy.

Green computing is the latest buzz in the world of computing in order to protect the globe from the lethal attack of global warming. We first have a look at the phenomenon of global warming. Global warming is a dramatic and unexpected surge in the temperature of the earth, which is a common abode for many different species and not just human beings...
7 Pages(1750 words)Report

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Economic Models: The Free Market and The State Owned System

The free market concept is mainly a theoretical concept as every country, even capitalist ones place some restrictions on the ownership and exchange of commodities (Free market economy). Therefore, the term free-market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. It gives the buyers and sellers the power to do business without being afraid of any regulations and intervention by the state. Hence, a free market gives the absolute power to prices to determine the allocation and distribution of goods and services (Free Market Economy). The pricing mechanism is in turn, driven by the forces of demand and supply of goods and services. Demand and supply of...
9 Pages(2250 words)Case Study

Economic Analysis on BMW Cars in the US Car Industry

Mini and the 1-series rapidly grew at a much higher rate through 2008. Since the early days of the new millennium, BMW has been one of the first automakers to utilize flexible factories in which more than one vehicle model could be produced at the same time. This enabled the company to meet shifts in market demand more effectively than BMW’s competitors could. BMW challenges to retain its market position in the international market for luxury cars. Many automakers, such as Hyundai with its Genesis sedan or Nissan's Infiniti brand are increasingly successful in realizing higher margins earned on luxury vehicles. BMW is rated behind luxury brands such as Lexus, Porsche, Mercedes, and Infiniti for these reasons

1. Th...
7 Pages(1750 words)Case Study

Analysis of Davis Service Group

It offers a detailed set of recommendations with an implementation plan along with the 7’Ps. Complete with a discussion about the budgetary requirement and the control mechanism, milestones and the corrective actions to be taken have also been dealt with in this plan.

The Davis Service Group, an 80-year-old British multinational company operating in the UK, EU, and the USA with rendering hire services as its primary business. A conglomerate with over 1500 million GBP net worth and a constituent of and is a constituent of the FTSE 250 Index.

The company founded in 1920 by Godfrey Davis renting out automobilesiii, over the years, has grown to be a leader in textile maintenance services. In...
12 Pages(3000 words)Case Study

Multiculturalism: Socio-economic Impacts on Modern States

This paper tends to argue that multicultural policies have promoted social segregation and economic insecurity in modern states. As the most relevant example, it will also evaluate how multicultural policies have evolved to be the most recent threat to the nationality and cohesion of Australia and the United Kingdom.

To begin with, many of the policies enacted on citizenship and immigration have brought about incessant controversy in Australia. In addition, the exceeding emphasis put on the multicultural policy has given rather unfavorable outcomes to both Australia and the UK. Policies that are intended to ensure equal representation and opportunities often create frustration and disappointment among certain interest g...
6 Pages(1500 words)Case Study

Energy Expenditure During Walking and Jogging

Although walking is frequently dismissed as too easy or not difficult enough by fitness experts, the exercise itself bestows just as much benefit to the exerciser as jogging or running, with less of the jarring effects of more intense locomotion. This leads to a dramatically lower dropout rate of participants, meaning staying motivated is simpler on a walking regimen. Jogging, in contrast, requires additional effort without statistically significant improvements in time used in the workout, which leads to questions of whether walking or jogging is the more beneficial activity given the same resources. Based on the evidence that negates claims of an advantage for jogging, and evidence that jogging can lead to damage of body structu...
7 Pages(1750 words)Assignment

The 1846 Invasion into Mexico by the U. S.: The Political and Economic Forces that Brought about the Invasion

Some of the territories led to a war with Mexico from which the United States emerged victorious, expanding its territories and decisively establishing its dominance in North America.

President Andrew Jackson led an example of an administration that set the stage for the way in which James Polk would lead. In 1817, as a still yet military leader, Jackson led the United States into the first of three conflicts with the Seminole Indians from which the acquisition of Florida from Spain would be negotiated and finalized. The situation with Spain was tenuous and should have been dealt with in a diplomatic and cautious manner, but in 1817 President Monroe wrote a letter to General Jackson stating that “Great interests...
8 Pages(2000 words)Article

How Do Customers Assess Service Quality of Retailing Websites

Given the emergent nature of online commerce, it is a tough task for retailers to develop a website that meets all expectations from consumers. This view is supported by a survey conducted by the UK’s largest e-consultancy Cap Gemini. The survey identified several key disadvantages for online shoppers. Some of these include “’ Availability’, ‘Can’t be in to receive delivery’, ‘Premium charged for delivery’, ‘Can’t see or feel the merchandise’, etc.” (Quader & Quader, 2008) These are not trivial complaints by any means and despite the e-retailing industry setting foot into its third decade in existence, there are no satisfactory solutions found for th...
6 Pages(1500 words)Literature review

Economic and Social Impact of Globalization

Global corporations are heightening their awareness of the nature of their business relationships with diverse governments considered of primary importance to manage factors influencing their performance. From among the elements that global organizations closely and continuously evaluate, the social and economic impacts are considered of significant importance. As the components and diverse perspectives of globalization affect both the host organizations and those nations they do business with, this research aims to proffer significant social and economic issues that impact global strategies.

The concept of globalization encompasses theories beyond the traditional view that global corporations merely do business abroad....
7 Pages(1750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Proposal on topic Alternative Sources of Funding in the Fire Service During Difficult Economic Times for FREE!

Contact Us