1. (a) During January of each year, a cemetery board shall make a report to the legislative body of the municipality. The report must:

   1. (1) provide information on:

      1. (A) the financial condition of the cemetery board; and
      2. (B) the business done by the cemetery board during the previous year; and
   2. (2) include a statement showing the receipts and expenditures of the cemetery board for the year.
2. (b) A cemetery board shall annually prepare a budget for the cemetery or cemeteries under its control in the same manner as other offices and departments of the municipality prepare budgets. The budget of the cemetery board is subject to review under the budget statutes applying to municipalities.

3. (c) A cemetery board may not expend funds without prior appropriation by the legislative body of the municipality. If the revenues of the cemetery board are not sufficient to meet the:

   1. (1) current operating expenses; and

   2. (2) amounts to be paid for the purchase of cemetery lands or other property;

      the deficiency in the revenues may be resolved through an appropriation from the general fund of the municipality.

As added by P.L.52-1997, SEC.39.