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HomeMy WebLinkAbout104-23RESOLUTION 104-23 RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS ACCEPTING THE TOWN'S ANNUAL FINANCIAL REPORTS FOR THE YEAR ENDED JUNE 30, 2023 WHEREAS, the independent audit provides annual reports on the financial condition of the Town in accordance with Municipal Code Section 2-3.221; WHEREAS, the Town of Los Altos Hills contracted with the audit firm of Maze and Associates (Maze) to conduct an audit of the Town's financial records in accordance with Governmental Accounting Standards Board (GASB); and WHEREAS, the Annual Comprehensive Financial Report for the year ended June 30, 2023 was prepared in accordance with all relevant GASB pronouncement and best practices set by the Governmental Finance Officers Association and reviewed by Maze for fair presentation and free from material misstatement; and WHEREAS, it is recommended that the City Council accept the Town's ACFR for the year ended June 30, 2023 (by reference, available with the staff report); NOW THEREFORE, resolved by the City Council of the Town of Los Altos Hills that the Council hereby accepts the Town's annual financial statements as prepared by Maze and Associates. The above and foregoing Resolution was passed and adopted by the City Council of the Town of Los Altos Hills at a special meeting held on the 14th day of December 2023 by the following vote: AYES: Swan, Molc, Schmidt, Tanlcha, Tyson NOES: None ABSTAIN: None ABSENT: None BY: Linda G. Swan, Mayor ATTEST: Deborah Padovan, City Cleric Resolution 104-23 Page 1