WAC 308-50B-060. Annual reporting requirements for total return distribution method

The cemetery authority will provide the board with a report that includes the average fair market value used to determine distribution for the following year and maintain a record of the fair market value each year while using the total return distribution method. As part of the cemetery endowment care annual report required by RCW 68.05.180 and 68.05.235 , cemetery authorities approved to use the total return distribution method must file an addendum to the annual report which details the following: (1) The asset allocation; (2) The annual distribution to the cemetery authority; (3) Any changes to the investment and distribution policy; (4) Calculation of the average fair market value to determine the current year's distribution and supporting documents; and (5) Any other information the board deems pertinent.