HomeMy WebLinkAbout152-06
RESOLUTION NO. 152-2006
ACCEPTING THE FISCAL YEAR 2005-06 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 2005-06
audited Comprehensive 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 30,2006, and appropriated as Operating Transfers during Fiscal Year 2005-
06: .
. $600,000 for Capital Improvements
. $576,426 for Civic Facilities
. $200,000 for New Park Facilities
. $100,000 for Compensated Absences
APPROVED by the Danville Town Council at a regular meeting held on December 19,
2006, by the following vote:
AYES: Shimansky, Andersen, Arnerich, Doyle, Stepper
NOES: None
ABSTAINED: None
ABSENT: None
?f1~1C'.~~
M YOR ~ --J
APPROVED AS TO FORM:
ATTEST:
~~~J
.