2-6-4: PERPETUAL CARE FUND; OPERATING FUND:
The city council shall establish two (2) monetary funds for the Baxter City Cemetery:
   A.   Perpetual Care Fund: Shall be established by the city council pursuant to Minnesota statutes. The investment earnings from the perpetual care fund shall annually be transferred to the operating fund.
   B.   Operating Fund: The city council shall establish an operating fund and shall use such monies for the management, maintenance and care of the Baxter City Cemetery. Such funds shall also be used for capital improvements as needed. (Ord. 2016-009, 4-19-2016)