HomeMy WebLinkAbout075-2021DocuSign Envelope ID: B02A245F-7DD2-4546-8852-3EFFC1C65ADE
RESOLUTION NO. 75-2021
ACCEPTING THE FISCAL YEAR 2020/21 AUDITED ANNUAL
COMPREHENSIVE 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 Annual Comprehensive Financial Report; and
WHEREAS, the Town Council has reviewed the draft Annual Comprehensive Financial
Report; now, therefore, be it
RESOLVED, that the Danville Town Council accepts and approves the Fiscal Year
2020/21 audited Annual Comprehensive Financial Report as presented; and, be it further
RESOLVED, that the following amount be transferred to the Contingency Fund:
• $ 486,220 for Contingency Fund
RESOLVED, that the following amount be transferred to the Capital Improvement
Projects Fund:
• $ 6,100,000 for CIP Capital Improvement Projects Fund
RESOLVED, that the following amount be transferred to the Operating Reserve Fund
• $ 1,500,000 for COVID Reserve Fund
APPROVED by the Danville Town Council at a regular meeting held on November 16,
2021, by the following vote:
AYES: Arnerich, Fong, Morgan, Stepper, Storer
NOES: None
ABSTAINED: None
ABSENT: None
MAYOR
APPROVED AS TO FORM: ATTEST:
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CITY ATTORNEY CITY CLERK