RES 12576 - Laserfiche WebLink

RESOLUTION NO. 12-576 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING THE 2011/12FY YEAR-END FINANCIAL REPORT OF THE OPERATING BUDGET AND AMENDING THE 2011/12FY 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, 2012; 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: The 2011/12FY Operating Budget is amended as shown in Exhibit A. SECTION 2: The June 30, 2012, Fund Balances are fully appropriated as shown in Exhibit A. SECTION 3: The designations of General Fund Reserves for existing and future, known and unknown, obligations are amended as shown in Exhibit A for all funds and as follows for the General Fund: Ending Fund General Fund - Fund Balance Reserve Designations Balance 10% Reserve for Economic Uncertainties 8,981,711 Unassigned Fund Balance 3,302,822 Reserve for Golf Debt Service 2,000,000 Temporary Recession Reserve 11 ,048,000 Tota I 25,332,533 PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on the November 20, 2012. 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 20th day of November, by the following vote: Ayes: Councilmembers Cook-Kallio, McGovern, Sullivan, Vice Mayor Thorne Noes: None Absent: Mayor Hosterman Abstain: None a 99 Karen •iaz, City Cle'k� APPROVED AS TO FORM: �vJll . Lowell, City ---�