WAC 308-50A-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: (a) Payments received and the amount due or paid to the endowment care fund; (b) Reconciliation of payments to and from the fund; and (c) All supporting bank and investment statements. (3) All records required to be maintained pursuant to this rule and Title 68 RCW, whether maintained manually or by computer, shall: (a) Be retained and available for inspection for a period of seven years; and (b) Be understandable to the cemetery board examiner or other persons reasonably having cause to access them.