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RESOLUTION NO. 143-2005
ACCEPTING THE FISCAL YEAR 2004-05 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 2004-05
audited Comprehe!l8ive Annual Financial Report as presented in the Draft Comprehensive
Annual Financial Report; and, be it further
RESOLVED, that the following amounts be designated as reserves against the General
Fund as of June 30, 2005, and appropriated as Operating Transfers during Fiscal Year 2004-
05:
. $400,000 for Pavement Management
. $500,000 for Capital Improvements
. $1,105,698 for Civic Facilities
. $500,000 for New Park Facilities
. $ 50,000 for the Tri-Valley Affordable Housing Center
. $ 15,000 for the Tri-Valley Business Council
. $100,000 for Compensated Absences
APPROVED by the Danville Town Council at a regular meeting held on November 15,
2005, by the following vote:
AYES: Doyle, Stepper, Andersen, Arnerich, Shimansky
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM:
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CITY CLERK
14&4.171 ~'Q
CITY ATTORNEY ()
PAGE 2 OF RESOLUTION NO. 143-2005