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60-20
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60-20
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Last modified
11/20/2020 11:01:26 AM
Creation date
11/20/2020 10:58:04 AM
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Resolutions
Number
60-20
Date
11/19/2020
Description
Accepting the Town's Annual Financial Reports for the Year Ended June 30, 2020
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Table of Contents <br />INTRODUCTORY SECTION <br />Letter of Transmittal ........................................................................................................................................... i <br />Town Organizational Chart ............................................................................................................................... vi <br />Town Officers .................................................................................................................................................. vii <br />GFOA Certificate of Achievement .................................................................................................................. viii <br />FINANCIAL SECTION <br />Independent Auditor’s Report ......................................................................................................................... 1 <br />Management’s Discussion and Analysis ........................................................................................................... 3 <br />Basic Financial Statements <br />Government‐wide Financial Statements: <br />Statement of Net Position ................................................................................................................. 22 <br />Statement of Activities ...................................................................................................................... 23 <br />Fund Financial Statements: <br />Balance Sheet – Governmental Funds .............................................................................................. 26 <br />Reconciliation of the Governmental Funds Balance Sheet to <br />the Government‐wide Statement of Net Position ........................................................................ 27 <br />Statement of Revenues, Expenditures and Changes in Fund Balances – <br />Governmental Funds ..................................................................................................................... 28 <br />Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and <br />Changes in Fund Balances to the Government‐wide <br />Statement of Activities and Changes in Net Position .................................................................... 29 <br />Statement of Fund Net Position – Proprietary Funds ....................................................................... 32 <br />Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ............ 33 <br />Statement of Cash Flows – Proprietary Funds .................................................................................. 34 <br />Statement of Fiduciary Net Position – Fiduciary Funds .................................................................... 36 <br />Statement of Changes in Fiduciary Net Position – Fiduciary Funds .................................................. 37 <br />Notes to Basic Financial Statements ............................................................................................... 41 <br />Resolution 60-20 Page 6
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