The Finance Director is authorized and directed to establish a Glenview Cemetery Endowment Care Fund. Said Fund shall be established as a nonexpendable trust fund in order to provide for the perpetual care of the Glenview Cemetery. The following amounts shall be deposited into the Endowment Care Fund:
(a) Grave Sales.
(1) Fifteen percent of all amounts received from graves sold through December 31, 2000.
(2) Twenty percent of all funds received from graves sold between January 1, 2001, and December 31, 2002.
(3) Twenty-five percent of all funds received from graves sold on or after January 1, 2003.
(b) Foundation Surcharge. Sixty-six percent of all foundation fees. Thirty-four percent of foundation fees shall be paid into the Cemetery Operating Fund.
(c) Monetary Donations. All monetary donations to the Cemetery.
(Ord. 12-97. Passed 6-23-97.)