On January 12, 2017, the Cemetery Board published a revised version of its annual financial reporting form. The new form, available on the Division of Cemeteries website, significantly eases the filing requirements for cemeteries with less than $50,000 in total assets or less than 15 burials per year. As a result, nearly half of cemeteries will have their reporting requirement reduced from twelve pages to three.
Notably, all cemeteries are required to file the new annual financial reporting form. This includes cemeteries that are required to submit CPA-reviewed or audited financial statements, and as a result were previously exempt from the additional filing the annual financial reporting statement.
The Cemetery Board has also announced that it will hold a series of informational meetings in February and March to discuss the changes with cemetery officials. Based upon the feedback received, it may further amend the form to address any unforeseen issues. The full meeting schedule can be found in the Board's 2017 bulletin