VCAF Committee Members
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||Area of Responsibility
|John Gatton, Sr.
What are the Responsibilities of the VCAF Committee and Its Representatives?
The VCAF committee is an extremely active committee providing all of the customer interface services up to the point of the VCAF loans and/or grants being closed, and even than the committee area representative are directly involved providing administrative support.
The Committee is charged with performing the general fiduciary responsibility of the MSFA to ensure Fund integrity (approx $20M) and administering due diligence to ensure borrower financial wherewithal, and conformance with all governing rules, regulations and laws.
VCAF committee members have a host of duties and responsibilities and the following information is provided for transparency and assurance MSFA member companies know what to expect as customers from MSFA Volunteer Company Assistance Fund committee members:
Volunteer Company Assistance Fund (VCAF) Representatives are responsible for all functions related to the VCAF Committee. Functions include, but are not limited to; a) marketing the Fund to ensure MSFA member companies are aware of the VCAF; b) meeting with member company leadership to educate them on loan and grant eligibility; c) assisting member company representatives with completing the application process and assuring correctness and completeness; d) validating that the member company is a Company in Good Standings with the MSFA with annual dues paid in full; validating that the member company has a current and complete statistical report on file with the MSFA; e) and ensuring that the application is submitted to the VCAF Secretary in accordance with MSFA application guidelines and Maryland Military Department requirements as prescribed by Maryland Code, PUBLIC SAFETY, TITLE 8 - FIRE AND RESCUE FUNDS, Subtitle 2 - Volunteer Company Assistance Fund.
VCAF Representatives also attends county Association meetings in their area(s) of responsibility to market the Fund and answer questions about the various components of the program, to include eligibility, the application process, and settlements. VCAF Representatives, as part of their fiduciary responsibility of the MSFA, will ensure the Fund is managed professionally, and ensure due diligence is done with regard to the borrower's financial wherewithal, and conformance with all governing rules, regulations and laws, review all applications submitted to the VCAF Committee and will recommend to the Committee appropriate program support. The Committee convenes 4 to 6 times per year, throughout the State of Maryland to hear testimony from applicants (Company representatives), to deliberate as a Committee, and for VCAF Committee members to cast their vote in favor of, or to oppose recommending applications go forward to the MSFA Executive Committee for Association approval to the Maryland Board of Public Works (Governor, Treasurer and Comptroller) for final approval and award.