COG Comprehensive Annual Financial Report

Perpetual Care Fund

Perpetual Care Fund The purpose of this fund is to account for monies to be used in the maintenance of the City’s cemeteries. A contribution of one-fourth of all lot sales from the Cemetery Fund is the only funding source of this fund. Income earned from the investment of the assets of this fund is credited directly to the Cemetery Fund to partially defray the costs of cemetery operations under provisions of the City Code of Ordinances. No part of the principal may be expended from this fund, which classifies this fund as a Permanent Fund. No expenses were recorded in this fund during the current year. This fund can be found on the Combining Balance Sheet, page 46 and the Combining Statement of Revenues, Expenditures and Changes in Fund Balances, page 55.

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