Summarized Financial Statement Year Ended December 31, 2016

The primary purposes of the Virginia Beach Rescue Squad Foundation’s Investment Committee are to assist its Board in reviewing the Foundation’s investment policies, strategies, transactions and performance, and to oversee the Foundation’s capital and financial resources.

The Committee is composed of at least 8 members of the board, appointed annually by said board. All financial activities are in compliance with the relevant provisions of the federal Sarbanes-Oxley requirements.

The Foundation seeks to invest 60 percent of its assets in domestic and international equity securities, 40 percent in fixed income securities with the remaining assets in alternative investments.

This 2016 summarized financial statement reflects the strict accounting procedures overseen by the Foundation’s board.

Financial Statements

These summarized statements do not include all disclosures or the format required by generally accepted accounting principles.

A complete audited financial statement, which includes footnotes, is available here.

Screen Shot 2017-07-17 at 11.17.38 AM