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RESOLUTION NO. 139-2008
ACCEPTING THE FISCAL YEAR 2007-08 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 2007-08
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
30,2008, and appropriated as Transfers during Fiscal Year 2007-08:
Designations:
. $2,123,572 Operating Reserve
. $ 740,845 Operating Contingency
APPROVED by the Danville Town Council at a regular meeting held on November 18,
2008, by the following vote:
AYES: Andersen, Arnerich, Doyle, Shimansky, Stepper
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM:
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CITY ATTORNEY