The Lawrence Fire Department is established with volunteer membership within the Town of Lawrence, funded by the Town of Lawrence and established under § 60.55(1)(a)1, Wis. Stats.
A. 
Definitions. As used in this article, the following terms shall have the meanings indicated:
FIRE VOLUNTEER FUNDS
A separate account for the Municipal Fire Department for "Fire Volunteer Funds" established in accordance with § 66.0608, Wis. Stats. "Fire Volunteer Funds" are funds raised by the employees of the municipality's Fire Department, by volunteers or by donation to the Fire Department, for the benefit of the municipality's Fire Department.
FIRST RESPONDER VOLUNTEER FUNDS
A separate account for the municipal first responders for "First Responder Volunteer Funds" established in accordance with § 66.0608, Wis. Stats. "First Responder Volunteer Funds" are funds raised by the municipality's first responders, by volunteers or by donation to the first responders, for the benefit of the municipality's first responder program.
B. 
Separate accounts. The Fire Department and first responders shall be allowed to maintain separate banking accounts in the name of the Fire Department and/or first responders in any public depository which has been approved by the Town of Lawrence, and those departments shall have exclusive control over the deposit and expenditure of any volunteer funds, pursuant to the authority and guidelines granted in this article by the Town Board.
C. 
Ownership of funds. Per § 66.0608(4), Wis. Stats., notwithstanding this ordinance created to authorize Fire and First Responder Volunteer Funds, any such volunteer funds shall remain the property of the Town of Lawrence until the funds are disbursed.
D. 
Investments. Any investments of Fire or First Responder Volunteer Funds shall be limited to allowable municipal investments as outlined in Town ordinances, Town investment policy, and Wisconsin statutes. Any investment shall be approved by the Town Clerk/Treasurer prior to opening any investment account to verify that such an investment account adheres to any requirements as may be outlined in Town ordinances, Town investment policy, and Wisconsin statutes.
E. 
Limitations. There are no limitations on deposits/donations/contributions and withdrawals are limited to $1,000 per transaction and any exceeding withdrawal/disbursements are to be approved by the Town Board, as is allowable under § 66.0608, Wis. Stats.
F. 
Authorized individuals for the funds. The Fire Chief and Assistant Fire Chief shall have the exclusive authority to deposit and withdraw funds from these separate banking accounts established for Fire and First Responder Volunteer Funds. Each person identified shall have the authority to deposit funds and withdraw funds from this account in the scope of their official and assigned duties as designated, required or allowed by the Town Board.
G. 
Reporting requirements.
(1) 
The Fire Chief shall provide a monthly report of the activity of the Fire and First Responder Volunteer Funds banking accounts to the Town Clerk/Treasurer. The monthly report, of the prior month account activity, shall be submitted to the Town Clerk/Treasurer by the eighth day of every month.
(2) 
The Town shall require an annual audit of the Volunteer Funds by both the Town Clerk/Treasurer and the Fire Chief, and as Town-owned funds, these Volunteer Funds shall also be subject to the regular annual audit of all Town funds.
H. 
Penalty provisions. Violation of any provision of this article could result in elimination of the privileges granted to maintain such a separate account for the Fire Department and first responders under this article. Any violation regarding the misuse or misappropriations of any Volunteer Funds shall result in the automatic elimination of the privileges granted under this article.