RES 11482 - Laserfiche WebLink

RESOLUTION NO. 11-482 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING THE 2010-11 FY YEAR-END FINANCIAL REPORT OF THE OPERATING BUDGET AND AMENDING THE 2010-11FY 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 WHEREAS, staff presented to Council such a report for the fiscal year ending June 30, 2011; 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 2010-11 FY Operating Budget as shown in Exhibit A. Section 2: Fully appropriate June 30, 2011, Fund Balances as shown in Exhibit A. Section 3: Amend the designations of General Fund Reserves for existing and future, known and unknown, obligations as shown in Exhibit A for all funds and as follows for the General Fund: Recommended Pond Balance General Fund -Fund,Balance Reserve Designations Reserves 10% Reserve for Economic Uncertainties $ 8,783,285.00 Undesignated Reserve $ 3,379,249.00 Reserve for Golf Debt Service $ 2,000,000.00 Temporary Recession Reserve $ 11,170,000.00 Total $ 25,332,534.00 Section 4: 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 November 1, 2011. I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 15` day of November 2011, by the following vote: