(a) As each lot or grave space is purchased, the entire amount of money received by the city for the purchase of said lots shall be deposited in the cemetery fund. As interment fees are collected (opening and closing graves), the entire amount received by the city for said interments shall be deposited in the cemetery fund. In addition, 100 percent of the monument privilege fee shall be deposited in the cemetery fund.
(b) Funds that have previously been placed in the cemetery permanent care fund shall remain there forever. Interest earned on the principal in the cemetery permanent care fund shall be transferred to the cemetery fund for general maintenance and operation of the cemetery.
(c) The allocation of revenue between the cemetery fund and the cemetery permanent care fund may be adjusted from time to time when it is determined by the city council that the adjustment of such allocation of revenue should be made in order to ensure the financial stability and efficiency of operations of the permanent care cemetery.
(Prior Code, § 6-8; Ord. of 9-23-1980; Ord. of 9-23-2003)