(a) There is hereby established a Cemetery Maintenance Fund (which shall be a Special Revenue Fund) for the purpose of accumulating funds for current and maintenance of cemeteries, which fund will be non-expendable and held for investment only.
(b) Amounts to be deposited in the fund in subsection (a) shall be:
(1) From each resident grave sold, two hundred dollars ($200.00);
(2) From each nonresident grave sold, four hundred dollars ($400.00);
(3) From each baby grave sold, twenty-five dollars ($25.00);
(4) From each upright stone endowment, one hundred fifty dollars ($150.00);
(5) From each single mausoleum unit sold, five hundred dollars ($500.00);
(6) From each companion mausoleum unit sold, seven hundred fifty dollars ($750.00);
(7) From each niche mausoleum unit sold, one hundred dollars ($100.00).
(c) Monies in the Cemetery Maintenance Fund shall be deposited in the general bank account and commingled with other funds for investment purposes. Once a month, a portion of the interest on General Treasury Investments will be allocated to a separate interest revenue account in the General Fund based on the average daily balance of the Cemetery Maintenance Fund. These monies shall be used, along with other monies in the General Fund, for maintenance and upkeep of City cemeteries.
(Ord. I-02. Passed 7-15-02.)