HomeMy WebLinkAbout161-96RESOLUTION NO.161-96
ACCEPTING THE TOWN OF DANVILLE'S FISCAL YEAR 1995-96 AUDITED
COMPREHENSIVE ANNUAL FINANCIAL REPORT AND
APPROVING ADJUSTMENTS TO THE FISCAL YEAR 1996-97 FINANCIAL PLAN
WHEREAS, the Town of Danville's independent auditors have completed their annum
examination of the Town's financial statements and have issued a draft report with an
unqualified opinion as to their accuracy; and
WHEREAS, the audited financial statements have been combined with introductory and
statsfical information into the Town's Comprehensive Annual Financial Report; and
WHEREAS, the Finance Committee and the Town Council have reviewed the draft
Comprehensive Annual Financial Report; now, therefore, be it
RESOLVED, that the Town Council of the Town of Danville accepts and approves the Fiscal
Year 1995-96 audited Comprehensive Annual Financial Report; and be it
FURTHER RESOLVED, that:
· $515,516 be added to the Town's Operating Reserve, including the Reserve for the
Investment Held to Maturity,
· $60,000 be appropriated and transferred into the Asset Replacement Fund during Fiscal
Year 1996-97,
· $50,000 be reserved to fund the Code Enforcement Officer position during Fiscal Year
1997-98, and
· $533,960 be appropriated and transferred into the Capital Improvement Fund during
Fiscal Year 1996-97.
APPROVED by the Town Council of the Town of Danville at a Regular Meeting held on
November 19, 1996, by the following vote:
AYES: Greenberg,
NOES: None
ABSTAINED: None
ABSENT: None
Shimansky,
Arnerich, Doyle, Waldo
,
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK
PAGE 2 OF RESOLUTION NO.161-96