HomeMy WebLinkAbout078-2020DocuSign Envelope ID: 973023A9-32B5-4293-824A-FDAA02EC91OE
RESOLUTION NO. 78-2020
ACCEPTING THE FISCAL YEAR 2019/20 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
2019/20 audited Comprehensive Annual Financial Report as presented; and, be it further
RESOLVED, that the following amount be transferred to the Contingency Fund:
• $ 250,000 for Contingency Fund
RESOLVED, that the following amount be transferred to the Capital Improvement
Projects Fund:
• $ 250,000 for CIP Capital Improvement Projects Fund
RESOLVED, that the following amount be transferred to the COVID Reserve Fund
• $ 3,392,641 for COVID Reserve Fund
APPROVED by the Danville Town Council at a regular meeting held on November 17,
2020, by the following vote:
AYES: Arnerich, Blackwell, Morgan, Stepper, Storer
NOES: None
ABSTAINED: None
ABSENT: None
1-DocuSigned by:
MAYOR
APPROVED AS TO FORM: ATTEST:
p-DocuSigned by:
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DocuSijned by:
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CITY ATTORNEY CITY CLERK