§ 105-4. Cemetery Fund.

A. 

There is hereby created a Cemetery Fund. There shall be paid into the Cemetery Fund all proceeds from the sale of gravesites and service fees and charges resulting from cemetery operations. There shall also be paid into such fund amounts which the Town Council may, from time to time, authorize to be transferred thereto from the general fund, provided that such transfers are authorized by means of annual budget appropriations or by special appropriations authorized in accordance with the Town Charter.

B. 

The Finance Committee may authorize transfers from the Cemetery Fund to the general fund to defray the cost of cemetery operations and/or debt reduction costs attributable to cemetery development, provided that such cost(s) were funded by the General Fund.

C. 

Upon the effective date of this chapter, all moneys presently in the hands of the Cemetery Association shall be immediately transferred into the Cemetery Fund.