How often must an Endowment Care Examination be conducted?

An Endowment Care Examination must be conducted every five years in order to ensure that the financial resources designated for the care of the cemetery are sufficient and appropriately managed. This timeframe allows for a thorough review of the endowment funds and their performance, ensuring fiscal responsibility and long-term sustainability for the maintenance and care of cemetery grounds and facilities.

Regular examinations every five years help cemetery managers identify any financial issues, assess the adequacy of the endowment, and make necessary adjustments or improvements. This practice not only supports compliance with regulations but also instills public trust and confidence in the management of the cemetery's financial affairs. Hence, the five-year interval strikes a balance between allowing time for meaningful growth and assessment of funds while ensuring proactive management and not allowing significant problems to develop unnoticed.