| | | | | | | | | REQUEST FOR COUNCIL AGENDA The City of Hartsville | Agenda Date: 8/9/2022 | To: City Council | From: City Manager |
Ordinance Number: Resolution Number: 08-22-01 - REGULAR MEETING | | | |
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ORDINANCE/RESOLUTION CAPTION: | Approval for transfer of cemetery revenue to perpetual care investment trust fund. |
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BACKGROUND SUMMARY: | The City is responsible for the perpetual care of Magnolia Cemetery and Greenlawn Cemetery. City Council has determined that 10% of the cemeteries lot sales revenue should be invested in the Perpetual Care Investment Trust Fund on an annual basis. |
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IMPACT IF DENIED: | There will be no additional revenues invested in the Perpetual Care Investment Fund for the upkeep of Magnolia and Greenlawn cemeteries. |
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IMPACT IF APPROVED: | $8,451 will be transferred to the Perpetual Care Investment Trust Fund for the upkeep of Magnolia and Greenlawn cemeteries. |
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FINANCIAL IMPACT: | $8,451 will be transferred into the Perpetual Care Investment Trust Fund. |
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