Lone Oak Volunteer Fire Department
2026 Executive Budget Summary
(Community & Donor Overview)
🚒 Our Mission: Protecting Lone Oak with Integrity and Stewardship
The Lone Oak Volunteer Fire Department (LOVFD) remains fully committed to protecting the lives, homes, and businesses of our community through responsible financial management, strategic planning, and strong community partnerships.
The 2026 budget reflects disciplined spending, transparency, and continued investment in safety and readiness .
📊 2026 Financial Snapshot
Total 2026 Approved Budget: $122,772
- Operating Expenses: $47,050
- Requested Grant Project Spending: $75,722
- Projected Revenue: $123,772
- Projected Net Income: +$1,000
This balanced budget demonstrates prudent planning and fiscal responsibility.
💰 Strong Financial Position
As of December 31, the department maintains healthy reserve balances :
- Main Money Market: $118,433
- Sundry Money Market: $20,433
- Operating Fire Engine Fund: $41,397
- General & Sundry Accounts Combined: $14,207
These reserves ensure:
- Emergency preparedness
- Equipment replacement planning
- Financial stability during unexpected events
- Long-term sustainability
🛠 Responsible Operating Budget
The 2026 operating budget of $47,050 focuses on essential services :
- Truck & Equipment Maintenance
- Fuel & Utilities
- Insurance & Compliance
- Training for Volunteer Firefighters
- Uniforms & Safety Gear
- Facility Maintenance
Spending has been adjusted based on 2025 actual results, reflecting conservative and realistic planning.
🔥 Grant-Funded Improvements
LOVFD secured significant grant support through the VFEAT program:
- Approved VFEAT Grant: $69,771
- 2026 Project Spending Planned: $75,722
These funds are dedicated to:
- Equipment upgrades
- Firefighting readiness improvements
- Community safety enhancements
Grant funding allows the department to improve service without placing additional burden on local taxpayers.
🤝 Community Support Matters
2026 projected revenue includes :
- Auxiliary Fundraisers: $16,500
- Community Donations: $6,500
- Sequatchie County Support: $25,000
- VFEAT Grants: $75,722
While grants provide capital improvements, community donations and fundraisers fund daily operations. Your support directly impacts:
- Response readiness
- Fuel for emergency vehicles
- Safety equipment
- Training for volunteers
📈 Financial Transparency & Oversight
The 2026 budget was formally approved by the Board of Directors and reflects:
- Conservative revenue estimates
- Controlled expense growth
- Maintenance of reserve accounts
- Long-term equipment planning
LOVFD operates with accountability, clarity, and responsible stewardship of every dollar entrusted to us.
❤️ Why Your Support Makes a Difference
LOVFD is 100% volunteer. Every dollar donated:
- Stays in the Lone Oak community
- Supports lifesaving equipment and training
- Protects your neighbors, homes, and families
- Strengthens emergency response capabilities
Your continued support ensures that when the call comes, we are ready.