HomeMy WebLinkAbout176-97RESOLUTION NO. 176-97
ACCEPTING THE FISCAL YEAR 1996-97 AUDITED COMPREHENSIVE
ANNUAL FINANCIAL REPORT FOR THE TOWN OF DANVILLE AND
APPROVING ADJUSTMENTS TO THE FISCAL YEAR 1997-98 FINANCIAL PLAN
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 an unqualified
opinion as to their accuracy; and
WHEREAS, the audited financial statements have been combined with introductory and
statistical 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 Danville Town Council accepts and approves the Fiscal Year 1996-97
audited Comprehensive Annual Financial Report; and, be it further
RESOLVED, that the following amounts be reserved against the General Fund as of June 30,
1997, and appropriated as Operating Transfers during Fiscal Year 1997-98:
$350,000 for the Capital Improvement Program,
$100,000 for asset replacement,
$400,000 for the Building/Planning Special Revenue Fund,
$200,000 for Community Development Agency debt service, and
$437,205 for new park civic facilities
APPROVED by the Danville Town Council at a regular meeting held on November 18, 1997,
by the following vote:
AYES: Doyle, Waldo, Arnerich, Greenberg, Shimansky
NOES: None
ABSTAINED: None
ABSENT: None
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK