WAC 98-12-040   Records of endowment care funds.  Any cemetery authority maintaining an endowment care fund shall maintain a current accounting system in accordance with generally accepted accounting principles. The system shall track sales, receipts, and disbursements and include the following:

     (1) An individual contract or agreement with each individual purchasing a right of interment with reference numbering.

     (2) A record of:

     • Payments received and the amount due or paid to the endowment care fund.

     • Reconciliation of payments to and from the fund.

     • All supporting bank and investment statements.

     All records required to be maintained pursuant to this rule and Title 68 RCW, whether maintained manually or by computer, shall:

     • Be retained and available for inspection for a period of seven years.

     • Be understandable to the cemetery board examiner or other persons reasonably having cause to access them.



[Statutory Authority: RCW 68.05.105 and chapter 34.05 RCW. 07-11-088, § 98-12-040, filed 5/15/07, effective 6/15/07. Statutory Authority: RCW 68.05.100. 83-02-063 (Order 106), § 98-12-040, filed 1/5/83.]