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RESOLUTION 75-19 <br />RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS <br />ACCEPTING THE TOWN'S ANNUAL FINANCIAL REPORTS FOR THE YEAR <br />ENDED JUNE 30, 2019 <br />WHEREAS, the independent audit provides annual reports on the financial condition of the Town <br />in accordance with Municipal Code Section 2-3.221; <br />WHEREAS, the Town of Los Altos Hills contracted with the audit firm of Maze and Associates <br />(Maze) to conduct an audit of the Town's financial records in accordance with Governmental <br />Accounting Standards Board (GASB); and <br />WHEREAS, the Comprehensive Annual Financial Report for the year ended June 30, 2019 was <br />prepared in accordance with all relevant GASB pronouncement and best practices set by the <br />Governmental Finance Officers Association and reviewed by Maze for fair presentation and free <br />from material misstatement; and <br />WHEREAS, it is recommended that the City Council accept the Town's CAFR for the year ended <br />June 30, 2019, and the Appropriations Limit Report for the year ended June 30, 2019; <br />NOW THEREFORE, resolved by the City Council of the Town of Los Altos Hills that the <br />Council hereby accepts the Town's annual financial statements as prepared by Maze and <br />Associates. <br />The above and foregoing Resolution was passed and adopted by the City Council of the Town of <br />Los Altos Hills at a regular meeting held on the 19th day of December 2019 by the following vote: <br />AYES: Spreen, Wu, Corrigan, Tankha, Tyson <br />NOES: None <br />ABSTAIN: None <br />ABSENT: None <br />BY: <br />Rog Spree Mayor <br />4a��� <br />Deborah Padovan, City Clerk <br />Resolution 75-19 Page I <br />