| | | | | | | |  | REQUEST FOR COUNCIL AGENDA
The City of Hartsville | Agenda Date:
8/8/2023 | To: City Council | From: City Manager |
Ordinance Number: Resolution Number: 08-23-01 - 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: | | $4,522 will be transferred to the Perpetual Care Investment Trust Fund for the upkeep of Magnolia and Greenlawn cemeteries. |
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| FINANCIAL IMPACT: | | $4,522 will be transferred into the Perpetual Care Investment Trust Fund. |
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