(A) The Treasurer shall have the custody of all money and property received in trust by the Cemetery Board, and shall pay out the same only upon the written order of the Board, signed by at least two of them, and he or she shall keep permanent books of record of all such trust funds and of all receipts and disbursements thereof and for what purposes received and disbursed.
(B) The Treasurer shall annually make a written report to the Cemetery Board, under oath, showing balances, receipts and disbursements, including a statement showing the amount and principal of trust funds on hand and how invested. This report shall be audited by the Board, and if found correct, shall be transmitted to the City Council, at the same time that the Treasurer is required by law to make his or her report, to be approved and preserved in the same manner, if found to be correct.
(Prior Code, § 9-1-4)
Statutory reference:
Related provisions, see 65 ILCS 5/11-52.1-2