All permanent care funds shall be invested in a manner consistent with the duly authorized and adopted investment policy of the city. Additionally, a permanent record shall be kept by the director of finance showing that the principal of the cemetery permanent care fund has been maintained, as well as permanent records reflecting interest earnings and transfers of same to the cemetery fund.
(Prior Code, § 6-9; Ord. of 4-12-1966; Ord. of 9-23-2003)