(a) The Cemetery Fund is a Special Revenue Fund generating monies for the operation of the Cemetery. (Ord. 26-06. Passed 6-12-06.)
(b) The Cemetery Pre-Interment Fund is a fund for the pre-interment monies paid in advance for interment.
(1) The investment of the fund shall be managed by the City Investment Committee.
(2) The fund is to be used for operating expenses or capital improvements within the Cemetery Department.
(3) The money shall be appropriated to the Cemetery Department only after the actual interment has occurred.
(Ord. 21-12. Passed 12-3-12.)
(c) Cemetery Perpetual Care Fund is a fund created for the perpetual care of the City cemeteries.
(1) Twenty percent (20%) of the sale proceeds of cemetery lots shall be credited to the Cemetery Perpetual Care Fund.
(2) The Fund shall be managed by the City Investment Committee.
(3) The Fund balance shall not be used for operating expenses. The interest from the Fund balance may be used for operating expenses of the Cemetery Department annually.
(4) The balance of the Fund may be used for critical capital cemetery improvement projects with the approval of City Council. Said Fund balance shall be safeguarded by Council to ensure the perpetual nature of the Fund. (Ord. 22-12. Passed 12-3-12.)