OR 2011-1287 Revenue fund for the Rolling Oaks Memorial Center Operations.
ORDINANCE NO. 2011-1287
AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, APPROVING
THE ESTABLISHMENT OF A SPECIAL REVENUE FUND FOR THE
PROCEEDS RECEIVED FROM THE ROLLING OAKS MEMORIAL
CENTER OPERATONS, AND AUTHORIZING THE MAYOR TO SIGN.
WHEREAS,
the City of Coppell constructed and opened the Rolling Oaks Memorial Center
in 2008 and 2009; and
WHEREAS,
the City Council deems it to be in the public interest to establish a special
revenue fund for the proceeds received from cemetery lot sales, niche sales, and other services
provided by the Rolling Oaks Memorial Center
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS:
SECTION 1
. There is hereby established a special revenue fund to be known as “Rolling
Oaks Memorial Center Fund” which shall be maintained in the City’s financial records as such. All
proceeds received from cemetery lot sales, niche sales, and other revenue as designated shall be
deposited as collected into the Rolling Oaks Memorial Center Fund.
SECTION 2.
Money in such fund shall be invested according to the City’s Investment
Policy, and the revenue received from such investments shall become part of the fund.
SECTION 3.
Proceeds generated by the Rolling Oaks Memorial Center shall be used only
for operation of the Center.
DULY PASSED and adopted by the City Council of the City of Coppell, Texas, on the' - day
of U 2011.
APPROVED:
MA
ATTEST:
APPROVED T FO
CITY ATTORNEY