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CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 00-070 RESOLUTION APPROVING 1999-00 FIRST QUARTER AND MID-YEAR FINANCIAL REPORT WHEREAS, each quarter a report of financial condition is presented to Council which includes any staff recommendations for budget amendinents and technical corrections or actions needed; and WHEREAS, staff presented to Council such a report (SR 00:143) for the first and second quarters of the fiscal yem' ending June 30, 2000; and WHEREAS, the second quarter marks the mid-year point, and therefore, staff performed a more thorough "Mid-Year Review"; and WHEREAS, as a result of the first and second quarter financial reports, staff made recommendations as outlined in that report. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: Amends the Operating Budget as of the First Quarter 1999-00, as outlined in Appendix B, to reflect 1998-99 carryovers previously approved by Council, to update beginning estimated fund balances to actual fund balances, to reflect budget amendinents approved by Council through the furst quarter of 1999-00, and to make minor amemhnents. Section 2: Amends the Capital Improvement Program (CIP) Budget as of the First Quarter 1999-00, as detailed in Appendix C, to reflect 1998-99 carryovers previously appmved by Council, to update projected beginning fund balances to actual fund balances, and to approve minor line item expenditure changes. Section 3: Amends the Operating Budget as of Mid-Year 1999-00, as outlined in Appendix D, to reflect: an increase in revenue projections by $480,811; an increase in expenditure appropriations by $1,526,681; and a net increase in transfers-out by $48,381.