157.62 Reporting; record keeping; audits.

456 words·~2 min read·/wi/chapter-157/157-62

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Cemetery associations.

(a)Except as provided in par.

(b)and s. 157.625 , every cemetery association shall file an annual report with the cemetery board. The report shall be made on a calendar-year basis unless the cemetery board, by rule, provides for other reporting periods. The report is due on the 60th day after the last day of the reporting period. The annual report shall include all of the following:

1. The name of the cemetery association and the address of its principal office.

2. The name, residence address and business address of each officer, director and trustee of the cemetery association.

3. The name, residence address and business address of each shareholder who beneficially owns, holds or has the power to vote 5 percent or more of any class of securities issued by the cemetery association.

4. The dates and places of all meetings and elections.

5. A statement of whether the cemetery association engaged in the operation of a cemetery during the previous calendar year.

(b)Paragraph

(a)does not apply to any person required to file a report under s. 180.1622 or 181.0214 .

(c)The cemetery board may prescribe and furnish forms for reports required under this subsection. If the cemetery board prescribes forms under this paragraph, the cemetery board shall mail the forms to cemetery associations required to file under par.

(a)no later than 60 days before the reports are due.

(2)Cemetery authorities.

(a)Except as provided in ss. 157.625 and 157.63

(1), every cemetery authority shall file an annual report with the cemetery board. The report shall be made on a form prescribed and furnished by the cemetery board. The report shall be made on a calendar-year basis unless the cemetery board, by rule, provides for other reporting periods. The report is due on the 60th day after the last day of the reporting period.

(b)The cemetery authority shall include all of the following in the annual report required under par.

(a):

1. A copy of any report required under sub.

(a)or s. 180.1622 or 181.0214 .

2. If the cemetery authority is required to file a report under s. 180.1622 or 181.0214 , the information specified in sub.

(a)3.

3. An accounting of amounts deposited in, amounts withdrawn from, income accruing to and the balance at the close of the reporting period of any preneed trust funds of the cemetery.

4. An accounting of amounts deposited in, amounts withdrawn from, other income accruing to and the balance at the end of the reporting period of care funds of the cemetery, including the funds in ss. 157.11

(a), 157.12

(3)and 157.125 .