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09 Addendum PREPARED BY: Stephen Conway Finance Director Reviewed by: Town Manager, Assistant Town Manager, and Town Attorney 110 E. Main Street Los Gatos, CA 95030 ● 406-354-6832 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 12/15/2020 ITEM NO: 9 ADDENDUM DATE: December 11, 2020 TO: Mayor and Town Council FROM: Laurel Prevetti, Town Manager SUBJECT: Comprehensive Annual Financial Report (CAFR): a. Receive the Comprehensive Annual Financial Report (CAFR) for the Fiscal Year Ended June 30, 2020, and b. Adopt a Resolution Confirming June 30, 2020 Fund Balances in Accordance Fiscal Year 2019/20 Final Audit and Town Council General Fund Reserve Policy REMARKS: Attachment 5 contains public comments received after distributing the staff report and before 11:00 a.m. Friday, December 11, 2020. Attachment 6 contains a replacement page 129 to correct a formula footing error. Attachments (previously distributed with the Staff Report): 1. Draft Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2020. 2. Fund Balance Resolution Establishing June 30, 2020 Fund Balances 3. Independent Auditor Presentation to the Council Finance Committee 4. Finance Committee December 7, 2020 Staff Report with Desk Item Attachment (distributed with this Addendum): 5. Public Comments Received after Distributing the Staff Report and before 11:01 a.m. Friday, December 11, 2020. 6. Replacement page 129 for the Draft CAFR Schedule 2 2015/16 2016/17 2017/18 2018/19 2019/20 6,993,661$ 6,771,628$ 7,948,918$ 8,163,991$ 7,405,368$ 12,825,688 14,587,597 15,545,521 16,635,726 20,446,188 8,320,623 9,502,707 10,047,003 10,627,716 11,803,005 3,227,224 5,093,459 4,667,609 5,064,637 5,001,958 - 2,522,142 2,868,748 3,087,684 3,059,294 3,347,523 528,580 466,762 536,296 684,673 3,041 - - - - - - - - - - 34,417,918$ 39,290,901$ 41,833,031$ 44,236,037$ 48,007,083$ 1,517,012$ 1,669,020$ 1,701,146$ 1,562,683$ 1,470,324$ 3,278,585 2,076,688 1,888,359 1,745,889 1,549,207 1,516,108 2,155,841 4,150,068 2,910,936 3,674,222 4,359,146 3,803,626 3,456,390 4,155,231 3,351,753 - - - - - 46,192 46,746 14,702 9,476 11,522 368,813 410,626 771,442 966,130 231,323 15,291 - - - 12,290 98,138 837,329 895,730 826,643 952,045 749,300 665,779 953,294 1,301,152 2,824,638 - - - - 15,864 12,228 - 57,200 47,482 49,351 - - - - - - - - - 8,258 - - - - 9,100 1,610,657 770,600 348,437 146,792 832,755 - 9,280 - - - 13,571,470$ 12,445,535$ 14,236,768$ $ 13,672,414 14,992,652$ 2015/16 2016/17 2017/18 2018/19 2019/20 13,763,458$ 14,756,214$ 15,958,406$ 17,321,347$ 18,330,426$ 7,501,175 8,925,276 7,466,253 8,158,152 7,531,425 2,258,892 2,366,908 2,474,814 2,475,916 2,495,792 1,997,497 2,351,223 2,667,840 2,726,743 1,911,774 12,308 14,056 16,483 14,689 24,526 698,324 192,260 333,120 1,809,128 2,428,470 - - - - - - - - - - 598,170 528,946 622,105 2,407,840 323,940 - - - - - 26,829,824$ 29,134,883$ 29,539,021$ $ 34,913,815 33,046,353$ 5,983,376$ 2,289,517$ 1,942,758$ $ 4,350,192 31,922$ 129 ATTACHMENT 6