(A) Cemetery Fund. The purpose of this fund is to account to the citizens for the income and expenses associated with the cemeteries.
(1) The City Manager shall cause the establishment of the Cemetery Fund, which will be distinct and separate from any other fund.
(2) This fund will show all receipts of funds for fees, permits, land sales, services, or materials associated with the city's cemeteries. Also this fund will show money transferred to it from the General Fund in order that the operating losses can be identified.
(3) This fund will show all expenses incurred by the operation of the city's cemeteries.
(B) Cemetery Perpetual Care Transfer Fund. The purpose of this fund is to account to the Cemetery Board of Managers the money received by the city in payment for perpetual care per the prior provisions of this chapter.
(1) The City Manager shall cause the establishment of the Cemetery Perpetual Care Transfer Fund, which will be distinct and separate from any other fund.
(2) This fund will show all receipts by the city designated by this chapter for perpetual care.
(3) This fund will show all expenses associated with moneys turned over to the Cemetery Board of Managers for investment purposes.
(4) At each meeting of the Cemetery Board of Managers, the City Clerk will provide to the Board the balance and receipts of this fund from the last Board meeting.
(5) Within 30 days of each Cemetery Board of Managers meeting, the Board Treasurer will, in cooperation with the City Clerk, withdraw money from this fund and invest such money per this code and the statutes of the State of Illinois.
(C) The proceeds from the sale of crypts purchased by the city in the mausoleum, together with all fees and assessments received in the sale, resale, transfer or use of said crypts, shall be placed in the Cemetery Perpetual Care Transfer Fund by the City Clerk for eventual investment by the Cemetery Board of Managers as specified in this code.
('71 Code, § 9-4-11) (Ord. 1271, passed 2-6-50; Am. Ord. 2793, passed 8-24-92)