Annual ReportW N OF
MEETING DATE: 10/15/12
ITEM NO: �1
!ps Gp`09 o�
COUNCIL AGENDA REPORT
DATE: OCTOBER 9, 2012
TO: MAYOR AND TOWN COUNCIL] A
FROM: GREG LARSON, TOWN MANAGER //� !/ ✓`v
SUBJECT: ACCEPT FISCAL YEAR 2011 -12 ANNUAL REPORT
RECOMMENDATION:
Accept Fiscal Year 2011 -12 Annual Report.
BACKGROUND:
Town Code requires the Town Manager to submit to the Town Council a report on the finances and
administrative activities of the Town at the end of the fiscal year. Detailed information on the
Town's finances for last fiscal year will be provided in the Comprehensive Annual Financial Report
(CAFR) presented to Council in early 2013.
Prior to Fiscal Year 2002 -03, staff provided a report to Council regarding activities and
accomplishments in memorandum form. Beginning in Fiscal Year 2002 -03, the annual report has
been produced in newsletter format and delivered to Los Gatos households.
DISCUSSION:
Attached is a copy of the annual report for Fiscal Year 2011 -12. The newsletter version will be
mailed to all Los Gatos addresses on Octoberl6. Additional copies of the Annual Report will be
available for distribution throughout the year.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT:
Funds for producing the incremental cost for printing the Fiscal Year 2011 -12 Annual Report are
available in the Town Manager's budget.
Attachment:
Fiscal Year 2011 -12 Annual Repo
PREPARED BY: PAMELA JACOBS
Assistant Town Manager
Pl:jj
Reviewed by: Assistant Town ManagerW_Town Attorney _Finance
NAMGR\AdminWorkFi1es\2012 Council Reports \10 -15 -12