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Coats board dissolves Cemetery Fund, transfers $71,553.27 to General Fund
Summary
The Town of Coats Board of Commissioners unanimously approved transferring the Cemetery Fund balance of $71,553.27 into the General Fund and adopted an ordinance to dissolve the Cemetery Fund after staff said no further plot-sale revenue is expected.
The Town of Coats Board of Commissioners unanimously approved a budget amendment to move the Cemetery Fund balance of $71,553.27 into the General Fund and adopted an ordinance to dissolve the Cemetery Fund.
Finance Director and Town Clerk Connie Lassiter told commissioners that the town’s FY2024–25 budget now includes cemetery upkeep under the General 1 Services/Appearance Department because there are no longer plots available for sale and therefore no dedicated revenue to offset expenses. Lassiter said the Local Government Commission and the town’s auditor had been consulted and agreed with staff’s recommendation to close the fund.
The board’s motion to transfer the balance and dissolve the fund was made by Mayor Pro Tem Marc Powell and seconded by Commissioner Shirley Allen; the vote was recorded as unanimously approved.
The ordinance adopting the dissolution was also approved unanimously. The transfer will move the $71,553.27 balance into the General Fund to cover cemetery upkeep going forward.
