Turkey's Investment Incentives System Overview
Turkey's Investment Incentives System offers four different schemes for local and foreign investors: General Investment Incentives Scheme, Regional Investment Incentives Scheme, Large-Scale Investment Incentives Scheme, and Strategic Investment Incentives Scheme. The system, effective since January 1, 2012, provides support for projects meeting specific capacity and investment requirements regardless of the region. Major incentives include exemption from taxes, grants, low-interest loans, and more.
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Presentation Transcript
NFPD Balance Sheet November 2023 1000 Bank Accounts 397,866.36 1025 Colotrust - Gen Op Fund Total 3010 Capital Reserve 6580.22 205,636.97 1028 Colotrust - Reserve Fund Total 3012 Grant Match Reserve 20000.00 28,553.41 1027 Colotrust - Apparatus Fund Total 3014 Reserved for Payroll/Operating 106902.33 42,496.49 1026 Colotrust - Pension Fund Total 3016 Reserved for Sick/Vac 37300.39 22,796.45 1010 Checking-7493 Total 3018 Reserved for Water Systems 5000.00 118,833.19 1015 Savings/Regular-4453 Total 3020 Reserved for Tabor 29760.00 816,182.87 Total 1000 Bank Accounts Note: Reserved amount differs from Acct 1028 by $94.03, interest to be accrued in Gen Op Fund Accounts Payable Accounts Receivable -5,156.32 2000 Accounts Payable 550.00 1100 Accounts Receivable -5,156.32 Total Accounts Payable 64,723.75 1110 Wildland Fire Billing Other Current Liabilities 2,525.00 1115 Accts Receivable Inspection 467.38 WildFire Payable Total Unreserved Funds $611,983.69 Items of note: 1) Total Unreserved = (Total Bank Accounts, Receivables) (Reserve Fund, Apparatus Fund, Pension Fund, Payables) 2) Last year in November 2022: a) Total funds = $606,473.01 b) Total unreserved funds = $420,906.84
NFPD Income November 2023 Nov 23 Budget $ Over Budget % of Budget Income 0.00 0.00 0.00 0.0% 4015 DDA-Share 0.00 0.00 0.00 0.0% 4020 Donations 3,743.54 0.00 3,743.54 100.0% 4025 Interest Income 42,969.12 0.00 42,969.12 100.0% Total 4100 Tax Rev 46,712.66 0.00 46,712.66 100.0% Total Income 4300 Other Income 4380 Fire Inspection 1,000.00 4384 Scholarships, Grants & Donation 1,000.00 Total 4380 Fire Inspection 4360 Medical Training 550.00 4363 CPR/BLS 550.00 Total 4360 Medical Training 150.00 0.00 150.00 100.0% 4310 Fire Inspection Billing 4400 Wildland Fire Fighting Reimburs 48,832.75 4410 Wildland Labor Volunteer 21,547.16 4420 Wildland Fire Staff 4,790.15 4430 Wildland Exp Reimb 640.88 4480 Billable overhead 75,810.94 Total 4400 Wildland Fire Fighting Reimburs 77,510.94 0.00 77,510.94 Income BVA Actual Accrual 100.0% Total 4300 Other Income Income BVA Monthly 400000 1500000 300000 1000000 200000 500000 100000 0 0 Budget Accrual Actual Accrual Budget Actual To date received $1,253,673 in tax revenue + $1,852 (donations) + $2,124 (uncategorized) + $4,200 (medical training) + $27,660 in interest income $46K is bookkeeping adjustment required by Audit (offset in Expenses) Other Income received in November, $77,511 (most Wildland Fire billing received) District has received 104% of total 2023 income through November (~$51K delta)
NFPD Expense November 2023 Nov 23 Budget $ Over Budget % of Budget Expense 70,328.77 0.00 70,328.77 100.0% Total 6000 ADMINISTRATION 0.00 0.00 0.00 0.0% Total 6670 COMMUNICATIONS 1,208.38 0.00 1,208.38 100.0% Total 6680 EMERGENCY MEDICAL SERVICES 2,531.82 0.00 2,531.82 100.0% Total 6700 FIRE FIGHTING 26.49 0.00 26.49 100.0% Total 6850 Fire Inspection Program 9,697.41 0.00 9,697.41 100.0% Total 6860 MEMBERSHIP 2,958.99 0.00 2,958.99 100.0% Total 6890 Training 86,751.86 0.00 86,751.86 100.0% Total Expense Other Expense 8200 Grant Expenses 1,349.00 EMSAC Conference Scholarships 1,349.00 Total 8200 Grant Expenses 8300 Other Expenses 15.98 8320 UTV (5630) 8400 Wild Fire 36,769.17 8420 Wildland Fire Fighting-Payroll 4,446.10 8430 Volunteer/Employee Direct Costs 1,731.35 8400 Wild Fire - Other 42,946.62 Total 8400 Wild Fire 111.46 8300 Other Expenses - Other 43,074.06 Total 8300 Other Expenses Expenses BVA Monthly Accrual Expenses BVA Monthly 1500000.00 150000.00 100000.00 1000000.00 50000.00 500000.00 0.00 0.00 Budgeted Current Budget Accrual Current Accrual Other Expenses mostly related Wildland expenses $12.3K underspent for November YTD underspent by ~$79K
NFPD Finance November Summary NFPD should expect to leave 2023 with a budget surplus of ~ $200K Including the retained earnings from 2022 of $247,013, we should have a total surplus of ~ $447K Need to move $74.5K - $13,073 (Command Vehicle payment) to the Colotrust Apparatus Fund. This is the minimum through November but should move more at end of 2023 to have funds for initial new vehicle payments. (for Board visibility) Nederland Fire funds are in good shape for month ending November 2023
