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HomeMy WebLinkAbout149 - 11/06/1979 - ESTABLISHING A CEMETERY FUND, SETTING FORTH THE PURPOSE, SOURCE OF REVENUE, AND MANNER OF EXPENDITUR ORDINANCE NO. 149 , 1979 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING A CEMETERY FUND, SETTING FORTH THE PURPOSE, SOURCE OF REVENUE, AND MANNER OF EXPENDITURE FROV SAID FUND BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS: Section 1 . That pursuant to Section 27 of Article V of the Charter of the City of Fort Collins, there is hereby created a fund to be known as the Cemetery Fund. Section 2. The purpose of' said fund shall be to establish an enter- prise fund for cemetery operations. Section 3. Revenues for the fund shall be derived from cemetery fees, charges, interest income, and a subsidy from the General Fund of the City of Fort Collins. Section 4. Expenditures from the fund shall be made for approved purposes in connection with lawful cemetery operations. Section 5. Monies in the fund herein created shall be in the custody - of and managed by the Director of Finance. -The Director of Finance shall maintain accounting records and account for all of said monies as provided by law. Monies in the fund shall be invested or deposited by the Director of Finance in accordance with the provisions of law. All income from the assets of the fund shall become a part of the fund and shall be used for the purpose for which such fund was created; provided, however, that except as otherwise provided in this Ordinance or by other ordinances or laws or by the Charter of the City, the City Council may transfer out of the fund any amount at any time to be used for. such purposes as the Council may direct. Introduced, considered favorably on first reading, and ordered pub- lished this 16th day of October 1979, and to be presented for final passage on the 6th day of November 1979. 'ay r 61� EST: M y Clerk: Passed and adopted on final reading this 6th day of November. 1979. r� or T: City Clerk -2-