RES 03068 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, ALAMEDA RESOLUTION NO. 03-068 RESOLUTION APPROVING THE 2002-03 MID-YEAR FINANCIAL REPORT WHEREAS, each quarter a report of financial condition is presented to Council which includes any staff recommendations for budget amendments or actions needed; and WHEREAS, staff presented to Council such a report (SR 03:164) for the second quarter of the fiscal year ending June 30, 2003; and WHEREAS, the second quarter marks the mid-year point; and WHEREAS, staffis in the process of preparing the 2003-04/2004-05 Operating Budget and the 2003-04/2006/07 Capital Improvement Program; and WHEREAS, staff performed a more thorough "Mid-year Review"; and WHEREAS, as a result of the second quarter financial review, 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 outlined in Appendix A, to reflect: a decrease in revenue projections by $1.5 million; an increase in net transfers-in by $35,000; and a decrease in expenditure appropriations by $3.7 million. Section 2: Amends the Capital Improvement Budget, as detailed in Tables 1-5 in Appendix B, to reflect: an increase in revenue projections by $2.1 million; an increase in expenditure appropriations by $982,000; a net increase in transfers-out by $2.4 million; and a decrease in Beginning Fund Balances by $209,000.