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RESOLUTION NO. 140-2007
ACCEPTING THE FISCAL YEAR 2006-07 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
2006-07 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 against the General Fund as of
June 30, 2007, and appropriated as Transfers during Fiscal Year 2007-08:
Designations:
· $400,000 Operating Reserve
. $200,000 Contingency
. $100,000 for Compensated Absences
. $750,000 EBRCS.
Transfers:
. $1,000,000 for Capital Improvements
. $ 351,460 for New Park Facilities
. $1,000,000 for Civic Facilities
APPROVED by the Danville Town Council at a regular meeting held on November 20,
2007, by the following vote:
AYES:
NOES:
ABST AINED:
ABSENT:
Shimansky, Andersen, Arnerich, Stepper
None
None
Doyle
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CITY ATTORNEY )--