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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 02-052 <br /> <br />RESOLUTION APPROVING THE 2001-02 MIDYEAR <br />FINANCIAL REPORT <br /> <br />WHEREAS, each quarter a report of financial condition is presented to Council which includes <br /> any staff recommendations for budget amendments or actions needed; and <br /> <br />WHEREAS, staff presented to Council such a report (SR 02:128) for the second quarter of the <br /> fiscal year ending June 30, 2002; and <br /> <br />WHEREAS, the second quarter marks the midyear point, and therefore, staff performed a more <br /> thorough "Midyear Review"; and <br /> <br />WHEREAS, as a result of the second quarter financial review, staff made recommendations as <br /> outlined in that report. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br /> <br />Amends the Operating Budget, as outlined in Appendix A, to reflect: an increase <br />in revenue projects by $2.9 million, and a decrease in expenditure appropriations <br />by $2.0 million. <br /> <br />Section 2: <br /> <br />Amends the Capital Improvement Budget, as detailed in Tables 1-5 in Appendix <br />B, to reflect: an increase in revenue projections by $817,000; a decrease in <br />expenditure appropriations by $1.44 million; a net increase in transfers-in by <br />$148,000; and an increase in Beginning Fund Balances by $6.8 million. <br /> <br />Section 3: This resolution shall become effective immediately upon its passage and adoption. <br /> <br /> <br />