HomeMy WebLinkAbout109-2016RESOLUTION NO. 109-2016
ACCEPTING THE FISCAL YEAR 2015/16 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 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
2015/16 audited Comprehensive Annual Financial Report as presented; and, be it further
RESOLVED, that the following amount be designated against the General Fund as of
June 30, 2016:
• $31,036 for future use of the proceeds from the sale and rental revenues
of the 115-125 Hartz Avenue property
RESOLVED, that the following amount be designated against the General Fund as of
June 30, 2016, and appropriated as transfers during Fiscal Year 2015/16:
• $ 4,000,000 for CIP Capital Improvement Projects Fund
APPROVED by the Danville Town Council at a regular meeting held on November 15,
2016, by the following vote:
AYES: Arnerich, Doyle, Morgan, Stepper, Storer
NOES: None
ABSTAINED:None MAYOR
ABSENT: None
APPROVED AS TO FORM:
CITY ATTORNEY