HomeMy WebLinkAbout163-99RESOLUTION NO. 163~99
ACCEPTING THE FISCAL YEAR 1998-99 AUDITED COMPREHENSIVE
ANNUAL FINANCIAL REPORT FOR THE TOWN OF DANVILLE AND
APPROVING ADJUSTMENTS TO THE FISCAL YEAR 1999-2000 FINANCIAL
PLAN
WHEREAS, the Town of Danville'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 1998-99
audited Comprehensive Annual Financial Report; and, be it further
RESOLVED, that the following amounts be reserved against the General Fund as of June 30,
1999, and appropriated as Operating Transfers during Fiscal Year 1999-2000:
$35,000 for Asset Replacement,
$562,573 for Capital Projects,
$300,000 for Community Development Agency Debt Service,
$500,000 for Park Facilities,
$141,366 for future Operating Costs,
$225,000 for Civic Facilities, and
$2,872,203 for Operating Reserve.
APPROVED by the Danville Town Council at a regular meeting on November 16, 1999, by the
following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
Arnerich, Greenberg, Shimansky,
Doyle,
None
None
None
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY CLERK