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<br />'TRUST FORDS <br /> <br />LIBRARY MEMORIAL <br /> <br />CEMETERY PERP CARE <br /> <br />CEMETERY FUND <br /> <br />from the Department of Labor was received to be used as the city's <br />10% match for a FAA grant. The city is allowed to keep the first <br />$100 of interest earned on this fund. The rest must be remitted <br />to the state. <br /> <br />The donations from citizens for library use is accounted for in <br />this fund. The unappropriated fund balance ($28,292.34 at <br />9/30/88) is deposited into an interest bearing money market <br />account. <br /> <br />The cash in this fund is derived from payments made by purchasers <br />of cemetery lots for perpetual care. The unappropriated fund <br />balance ($340,105.36 at 9/30/88) can be invested up to two years. <br />All interest earnings in thin fund are transferred to the Cemetery <br />Operating fund for maintenance and upkeep of the cemetery. <br /> <br />The cash in this fund is derived from the sale of cemetery lots <br />and permits and burial fees. A operating subsidy from the General <br />fund is also made. The expenditures and revenues in this fund <br />occur on an even basis thus no funds are available for investment <br />purposes. <br /> <br />16 <br />