HomeMy WebLinkAbout157-94RESOLUTION NO. 157-94
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF DANVILLE
APPROVING FINAL ADJUSTMENTS TO THE 1993-94 FINANCIAL PLAN AND
ACCEPTING THE YEAR END AUDIT REPORT
WHEREAS, 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, the Town Council has reviewed the draft report as presented; and
WHEREAS, final transfers are required in order to complete the transfer of General Fund
revenue into the Capital Improvement Fund; and
WHEREAS, there is $480,804 in General Fund undesignated fund balance that may be
appropriated for purposes designated by the Town Council; now, therefore, be it
RESOLVED, by the Town Council of the Town of Danville, that $261,539 be transferred
to the Capital Improvement Fund to complete the General Fund's contribution to capital
projects and that $436,056 in General Fund undesignated fund balance be placed in the Town's
Operating Reserve, and that $44,748 in General Fund undesignated fund balance be reserved
for police services; and be it
FURTHER RESOLVED that the Town Council of the Town of Danville accepts and
approves the final audit report for fiscal year 1993-94.
APPROVED by the Danville Town Council at a regular meeting held on December 6, 1994
by the following vote:
AYES: Greenberg, Doyle,
NOES: None
ABSTAINED: None
ABSENT: None
Ritchey,
Shimansky, Waldo
MAYOR
APPROVED AS TO FORM:
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CITY ATTORNEY /" '}
Ca
ATTEST:
CITY CLERK