(A) Of all monies received by the city from the purchase of individual cemetery plots, 85% shall be placed in the General Fund and 15% shall be placed in the Cemetery Perpetual Care Reserve Fund to be used for maintenance and care of the cemetery and other expenses connected to the cemetery.
(B) The Cemetery Perpetual Care Reserve Fund shall be capped at $50,000 with interest earned, and after capped, interest earned shall be placed in the General Fund.
(Prior Code, § 14.04.070) (Ord. 1, passed 1-17-1980; Res. 832, passed 9-2-1986; Ord. 112, passed 6-18-2007; Ord. 160, passed 4-4-2016)