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Committee: Finance Committee

Contact: Wayne Kewitsch, Chair - [email protected]

2023 Mission: The mission of the Finance Committee is to provide a measure of control to the overall financial condition of the Minnesota State Fire Chiefs Association (MSFCA). We review the short- term and long-term finances of the MSFCA to investigate alternative and innovative financing methods. We do this to ensure stability in the solicitation of revenues and to monitor and review the annual budget.

2023 Report:
I am pleased to report that the MSFCA ended 2022 with a positive cash flow and navigated the pandemic without needing to access our reserve/investment account.

Revenues are beginning to rebound to pre-pandemic levels. The primary driver of revenue to the MSFCA is conference attendance, followed by the vendor Bugle Sponsorship program and magazine advertising. While attendance is increasing, it is still not at pre-pandemic levels. Our association management firm, Association Resource Center, continues to do an excellent job of making sure expenses stay in line with revenue.

In January 2023, the board adopted the annual budget, which aligned with the 2022 budget. There were no changes in revenue or expense projections. The committee has informed the board that they must begin searching for ways to increase MSFCA revenue.

Our reserve/investment account continues to be in a positive position.

Since the MSFCA’s total annual revenue did not meet the threshold triggering an audit, they contracted with Wegner CPAs to conduct a financial review for 2022. We are pleased to report that the review was clean. There were no findings regarding our financial operations, and our tax returns were filed on time.

The committee will begin developing a budget for 2024 in the coming months, with anticipated approval by the board at their meeting in December 2023 or January 2024.

Finance Committee:

  • Chair: Wayne Kewitsch, Fire Chief (Ret.), Richfield

  • Vice Chair: Dale Johnson III, Fire Chief, Tracy

  • Paul Goettl, Fire Chief, Lutsen

  • Tom Oble, Fire Chief (Ret.), Le Suer

  • Kip Springer, Deputy Chief, Eagan

Finance Committee File Library