HomeMy WebLinkAbout126-02 RESOLUTION NO. 126-2002
ACCEPTING THE FISCAL YEAR 2001-02 AUDITED COMPREHENSIVE ANNUAL
FINANCIAL REPORT FOR THE TOWN OF DANVILLE
WHEREAS, the Town of Danville's independent auditor has completed its annual
examination of the Town's financial statements and has 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 2001-02
audited Comprehensive Armual Financial Report; and, be it further
RESOLVED, that the following amounts be reserved against the General Fund as of June
30, 2002, and appropriated as Operating Transfers during Fiscal Year 2002-03:
$207,064 for Unrealized Investment Gain
· $350,000 for General Asset Replacement - Synthetic Turf
· $500,000 for Capital Improvements
· $500,000 for Civic Facilities
· $140,000 for Contingency Expense
· $557,415 for Emergency Reserve
APPROVED by the Danville Town Council at a regular meeting held on November 19,
2002, by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
Waldo, Arnerich, Doyle, Greenberg, Shimansky
None
None ~~~~
None
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY ~'
ATTEST:
CITY CLERK