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RESOLUTION NO. 10-416 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ACCEPTING THE 2009/10FY YEAR -END FINANCIAL REPORT OF THE OPERATING <br /> BUDGET AND AMENDING THE 2009/10FY OPERATING BUDGET <br /> WHEREAS, each year a report of financial condition of the Operating Budget is <br /> presented to Council which includes staff recommendations for budget amendments and <br /> carryover; and <br /> WHEREAS, staff presented to Council such a report for the fiscal year ending June 30, <br /> 2010; and <br /> WHEREAS, as a result of the year -end financial review, staff made numerous <br /> recommendations as outlined in that report. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> Section 1: Amend the 2009/10FY Operating Budget as shown in Attachment 2. <br /> Section 2: Approprate June 30, 2010, Fund Balances as shown in Attachment 2. <br /> Section 3: Approve the Operating Budget Carryovers detailed in Attachment 3 <br /> Section 4: Amend the designations of General Fund Reserves for existing and <br /> future, known and unknown, obligations as shown in Attachment 2 for all funds and as <br /> follows for the General Fund: <br /> Recommended <br /> General Fund - Fund. Balance Reserve Designations Fund Balance Reserves <br /> Reserve for Carryovers $ 2,655,462 <br /> 10% Reserve for Economic Uncertainties $ 8,523,287 <br /> Reserve for Golf Debt Service $ 2,000,000 <br /> Temporary Recession Reserve $ 12,718,518 <br /> Total $ 25,897,267 <br /> Section 5: City Clerk shall certify to the passage of this resolution and enter it into the book <br /> of original resolutions. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on the 7 day of December, 2010. <br />