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ATTACHMENT1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING THE 2009 /10FY YEAR -END FINANCIAL REPORT OF THE OPERATING BUDGET AND AMENDING THE 2009 /10FY OPERATING BUDGET WHEREAS, each year a report of financial condition of the Operating Budget is presented to Council which includes staff recommendations for budget amendments and carryover; and WHEREAS, staff presented to Council such a report for the fiscal year ending June 30, 2010; and WHEREAS, as a result of the year -end financial review, staff made numerous recommendations as outlined in that report. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: Amend the 2009 /10FY Operating Budget as shown in Attachment 2. Section 2: Fully appropriate June 30, 2010, Fund Balances as shown in Attachment 2. Section 3: Approve the Operating Budget Carryovers detailed in Attachment 3 Section 4: Amend the designations of General Fund Reserves for existing and future, known and unknown, obligations as shown in Attachment 2 for all funds and as follows for the General Fund: Recommended General Fund - Fund Balance Reserve Designations Fund Balance Reserves Reserve for Carryovers $ 2,655,462 10% Reserve for Economic Uncertainties $ 8,523,287 Reserve for Golf Debt Service $ 2,000,000 Temporary Recession Reserve $ 12,718,518 Total $ 25,897,267 Section 5: City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on the 7` day of December, 2010.