HomeMy WebLinkAbout130-93RESOLUTION NO. 130-93
APPROVING FINAL ADJUSTMENTS TO THE 1992-93 FINANCIAL PLAN
AND ACCEPTING THE YEAR END AUDIT REPORT
WHEREAS, Maze and Associates, the Town of Danville's independent auditors, have
completed their annual examination of the Town's financial statements and have issued
a draft report with a clear opinion as to their accuracy; and
WHEREAS, final transfers are required between the General Fund and the Capital
Improvement Fund; and
WHE~, there is $361,976 in General Fund unreserved fund balance that may be
appropriated for other purposes; now, therefore, be it
RESOLVED, by the Town Council of the Town of Danville, that $266,903 be transferred
to the Capital Improvement Fund as the General Fund's contribution to capital projects
and that $491,588 in repaid home loans be transferred to the Capital Improvement Fund
from the General Fund and that the Capital Improvement Fund use the $491,588 to
reduce advances due from the Community Development Fund; and be it
FURTHER RESOLVED, that $60,000 from the $361,976 in General Fund unreserved fund
balance be placed in reserve for accrued compensated absences, $140,000 be placed in
the 1993-94 reserve for revenue shortfall and the remainder be transferred to the Gas Tax
Fund to be used for pavement management.
APPROVED by the Danville Town Council at a Regular Meeting held on October 5, 1993
by the following vote:
AYES: S h i man sky,
NOES: None
ABSTAINED: None
ABSENT: None
Ritchey, Doyle, Greenberg, Lane
APPROVED AS TO FORM:
ATTEST:
CITY CLERK