Firefly Admin Inc.

EARNING SERVICE CREDIT – 50 POINTS IS THE ONLY REQUIREMENT

April 29, 2022

Long before there was LOSAP, fire departments had by-laws that outline membership requirements. 50 years ago, those by-laws were usually strictly enforced, because there was often a waiting list of people waiting to become a member. So firefighters had incentives to meet those requirements, otherwise risk being dropped as an active member. That is also…

LOSAP PAYMENTS IN NEW YORK DO NOT QUALIFY FOR FEDERAL TAX EXEMPTON UNDER VRIPA

March 31, 2022

It has just recently come to our attention that the National Volunteer Fire Council (NVFC) sought clarification from the Internal Revenue Service (IRS) about the application of the Volunteer Responder Incentive Protection Act (VRIPA) to LOSAP. Here is a link to the article on the NVFC website, which summarizes the response, as well as a…

FIREFLY ADDS NEW MEMBER TO THE TEAM

February 21, 2022

Firefly Admin Inc. is guided by six core principles – serve, trust, value, teach, collaborate, and grow. You can read more about what these mean to us at www.fireflyadmin.com/core-principles/ This past week Firefly has grown with the addition of Connie Tyrrell to the Firefly team! Not only have we grown in number but in knowledge and expertise.…

AWARDING POINTS FOR COMMITTEES

January 28, 2022

A common question and topic of conversation when discussing point systems is how to award points to committee members and for committee meetings. The two most common mistakes we see in point systems are: Both, in our opinion, are incorrect. A committee member, or the committee chairperson, is not an Elected or Appointed Position as…

LOSAP & JUNIOR FIREFIGHTERS

December 27, 2021

In the latest issue of The Volunteer Firefighter, the official publication of the Firemen’s Association of the State of New York, there was an article by FASNY General Counsel Timothy Hannigan about junior firefighters. You can read the article here: FASNY ARTICLE Mr. Hannigan extensively covers the risks and rewards of having a restricted member firefighter program.…

GASB & LOSAP – PART 4 OF 4

November 4, 2021

This post concludes our look at the Government Accounting Standards Board (GASB) and how it has impact the reporting of LOSAP on governmental financial statements. First, we outlined just what the GASB is, and how the Office of the State Comptroller plays a roll in this, and just how the finances of LOSAP work in…

GASB & LOSAP – PART 3 OF 4

October 26, 2021

Today we will take a closer look at GASB Statement 84. For the first two parts of this look at GASB & LOSAP, click here. Here is what you need to know about GASB Statement 84:

DEPARTMENT RESPONSES POINT SYSTEM CATEGORY AMENDED

October 12, 2021

Governor Hochul has signed bill S1210 / A6401 as Chapter 462 of the laws of 2021. Essentially, this new section of the General Municipal Law (GML) allows a LOSAP sponsor to adjust the department responses category of its point system to recognize that some groups of volunteers may be restricted from responding to certain types…

GASB & LOSAP – PART 2 OF 4

October 5, 2021

There are currently two GASB pronouncements that have a significant bearing on the reporting of LOSAP on the municipal sponsors financial statements. In this second part of our look at GASB and LOSAP, we’ll highlight GASB Statement 73. Notes about GASB Statement 73: Next we will highlight GASB Statement 84.

GASB & LOSAP – PART 1 OF 4

September 28, 2021

Here in New York, the implementation of GASB Statement No. 84 has created some confusion! We thought it might be helpful to unpack the relationship between LOSAP and the GASB over a series of articles. We’ve consolidated this information into a newsletter – if you would like a copy, please contact our office. Since the…