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