HomeMy WebLinkAbout64-15 RESOLUTION 64-15
RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS
ACCEPTING THE TOWN'S ANNUAL FINANCIAL REPORTS FOR THE YEAR
ENDING JUNE 30,2015
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 Vavrinek, Trine, Day
& Co, LLP (VTD) to conduct an audit of the Town's financial records in accordance with
Governmental Accounting Standards Board(GASB); and
WHEREAS, the Comprehensive Annual Financial Report for the year ending June 30, 2015 was
prepared in accordance with all relevant GASB pronouncement and best practices set by the
Governmental Finance Officers Association and reviewed by VTD for fair presentation and free
from material misstatement; and
WHEREAS, it is recommended that the City Council accept the Town's CAFR for the year
ending June 30, 2015; the Transportation Development Act Article III report for the year ending
June 30, 2015 and the Appropriations Limit Report for the year ending June 30, 2016;
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 Vavrinek, Trine,
Day& Co (VTD).
The above and foregoing Resolution was passed and adopted by the City Council of the Town of
Los Altos Hills ata regular meeting held on the 17th day of December, 2015 by the following
vote:
AYES: Corrigan, Harpootlian, Radford, Spreen, Waldeck
NOES: None •
ABSTAIN: None ��
ABSENT: None BY: %�
Cour -nay s rrigan; Mayor
ATTEST: -
• Deborah Padovan, City Clerk
Resolution 64-15 Page 1