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RESOLUTION 64-15 <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 /> ENDING JUNE 30,2015 <br /> WHEREAS, the independent audit provides annual reports on the financial condition of the <br /> Town in accordance with Municipal Code Section 2-3.221; <br /> WHEREAS, the Town of Los Altos Hills contracted with the audit firm of Vavrinek, Trine, Day <br /> & Co, LLP (VTD) to conduct an audit of the Town's financial records in accordance with <br /> Governmental Accounting Standards Board(GASB); and <br /> WHEREAS, the Comprehensive Annual Financial Report for the year ending June 30, 2015 was <br /> prepared in accordance with all relevant GASB pronouncement and best practices set by the <br /> Governmental Finance Officers Association and reviewed by VTD 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 <br /> ending June 30, 2015; the Transportation Development Act Article III report for the year ending <br /> June 30, 2015 and the Appropriations Limit Report for the year ending June 30, 2016; <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 Vavrinek, Trine, <br /> Day& Co (VTD). <br /> The above and foregoing Resolution was passed and adopted by the City Council of the Town of <br /> Los Altos Hills ata regular meeting held on the 17th day of December, 2015 by the following <br /> vote: <br /> AYES: Corrigan, Harpootlian, Radford, Spreen, Waldeck <br /> NOES: None • <br /> ABSTAIN: None �� <br /> ABSENT: None BY: %� <br /> Cour -nay s rrigan; Mayor <br /> ATTEST: - <br /> • Deborah Padovan, City Clerk <br /> Resolution 64-15 Page 1 <br />