HomeMy WebLinkAbout009-2011RESOLUTION NO. 9-2011
ACCEPTING THE FISCAL YEAR 2009 -10 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 Towns 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 Town Council has reviewed the draft Comprehensive Annual Financial
Report; now, therefore, be it
RESOLVED, that the Danville Town Council accepts and approves the Fiscal Year 2009 -10
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, 2010, and appropriated as Transfers during Fiscal Year 2009 -10:
Designations:
• $ 900,000 for Capital Improvements
• $ 300,000 for Pavement Management
• $ 350,000 for Civic Facilities
• $475,435 for Compensated Absences/ Personnel
• $ 5,000 for FY 2010 -11 CERT program
APPROVED by the Danville Town Council at a regular meeting held on January 25, 2011,
by the following vote:
AYES Stepper, Andersen, Arnerich, Doyle, Storer
NOES: None
ABSTAINED: None
ABSENT: None
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APPROVED AS TO FORM:
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CITY ATTORNEY
ATTEST:
CITY CLER
RESOLUTION NO. 15-2010
ACCEPTING THE MID -YEAR FINANCIAL REPORT AND
APPROVING THE MID -YEAR ADJUSTMENTS TO THE
FISCAL YEAR 2009/10 FINANCIAL PLAN
WHEREAS, all revenue and expenditure projections, which were made in preparing the
Fiscal Year 2009/10 Financial Plan have been reviewed; and
WHEREAS, the following mid -year adjustments to the Fiscal Year 2009/10 Financial Plan are
recommended to reflect changes in, revenues, reflect decreased expenditure needs and
continue balancing expenditures with available revenues and reserves:
• A decrease of $220,584 in the Sales Tax revenue category of the General Fund;
• A decrease of .$35,000 in the Charges for Service revenue category of the General Fund;
• An increase of $182,680 in the Miscellaneous revenue category of the General Fund;
• An increase of $86,740 in the Franchise Fee category of the General Fund;
• An increase of $2,200 in the Information Technology program expenditures;
• An increase of $12,680 in the Police Patrol program for contracted services
expenditures;
• An appropriation of $250,000 from the funds designated as the Operating Contingency
for the Planning program for contracted services expenditures;
• Appropriate $12,075 of CIP General Purpose Revenue funds for Capital Project
# A-458;
• Appropriate $17,380 of CIP General Purpose Revenue funds for Capital Project
# A -504; and
WHEREAS, sufficient funding is available in the Towri s funds; now, therefore, be it
RESOLVED, that the Danville Town Council approves the mid -year adjustments to the
Fiscal Year 2009/10 Financial Plan.
APPROVED, by the Danville Town Council at a regular meeting held on February 16, 2010,
by the following vote:
AYES: Doyle, Andersen, Arnerich,
ABSTAINED: None
NOES: None
ABSENT: None
St r, rer
MAYOR
APPROVED AS TO FORM:
CITY ATTORNEY
ATTEST:
CITY