HomeMy WebLinkAbout185-98RESOLUTION NO. 185-98
ACCEPTING THE FISCAL YEAR 1997-98 AUDITED COMPREHENSIVE
ANNUAL FINANCIAL REPORT FOR THE TOWN OF DANVILLE AND
APPROVING ADJUSTMENTS TO THE FISCAL YEAR 1998-99 FINANCIAL PLAN
WHEREAS, the Town ofDanville's independent auditor has completed its 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 1997-98
audited Comprehensive Annual Financial Report; and, be it further
RESOLVED, that the following amounts be reserved against the General Fund as of June 30,
1998, and approZpriated as Operating Transfers during Fiscal Year 1998-99:
· $51,800 for maintenance of Veterans' Memorial Hall for two years,
$125,000 for' Community Development Agency debt service,
· $1,150,918 for Civic Facilities,
$132, 117 for Operating Reserve, and
· $186,972 for future Operating Costs
APPROVED by the Danville Town Council at a regular meeting held on December 15, 1998,
by the following vote:
AYES: Arnerich,
NOES: None
ABSTAINED: None
ABSENT: None
Greenberg, Doyle,
Shimansky, Waldo
APPROVED AS TO FORM:
CITY ATTORNEY '
ATTEST:
CITY CLERK