City of Jonesboro - File #: ORD-05:176

• File #: ORD-05:176
• Version: 1
• Name: Authorization to spend interest earnings from Perpetual Care Fund
• Type: Ordinance
• Status: Passed
• File created: 10/27/2005
• In control: Finance & Administration Council Committee
• Final action: 11/15/2005
• Title: AN ORDINANCE TO AUTHORIZE THE EXPENDITURE OF PERPETUAL CARE FUND INTEREST EARNINGS
• Indexes: Budget amendment
• Related files: MIN-05:125

Date	Ver.	Action By	Action	Result
11/15/2005	1	City Council	Passed	Pass
10/27/2005	1	Finance & Administration Council Committee	Recommended to Council	Pass

title                     

AN ORDINANCE TO AUTHORIZE THE EXPENDITURE OF PERPETUAL CARE FUND INTEREST EARNINGS

body                                          

WHEREAS, the City of Jonesboro owns and maintains City Cemetery, Oaklawn Cemetery, Nettleton Cemetery, and Knight of Pythias Cemetery.

WHEREAS, the City of Jonesboro has accumulated, in a Perpetual Care Fund, $948,859.60 from the sale of cemetery spaces (Fund Number 17)

WHEREAS, increased costs of maintaining and operating the cemeteries warrant spending the annual interest generated by the Perpetual Care Fund

NOW, THEREFORE BE IT ORDAINED, by the City Council of the City of Jonesboro, Arkansas, that:     

SECTION 1: The City of Jonesboro Department of Parks, Recreation and Cemeteries is authorized to spend the annual interest generated by the Perpetual Care Fund for the purpose of maintaining and operating the Jonesboro cemeteries.

PASSED AND ADOPTED this 15^th day of November, 2005.