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MOTION: It was m/s by Brown/Pentin to waive full reading and adopt Resolution 17-981 accepting the mapping of the Southeast Hills pursuant to Measure PP, Save Pleasanton's Hills and Housing Cap Initiative, as amended. Motion passed by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin, Mayor Thorne Noes: None Absent: None 15. Adopt a resolution to accept the FY 2016/17 Year-End Operating Budget Report and designate General Fund Reserves Director of Finance Tina Olson presented details of the year-end report including the review of the financial results for the City's operating budget, general fund overview, general fund revenue variance, comparison between FY 2015/16 and FY 2016/17, general fund expenditures, general fund transfers, year-end general fund surplus allocations, general fund operating reserves, water fund overview and highlights, sewer fund overview and highlights, golf fund overview and highlights, repair& replacement fund overview and highlights and next steps. Councilmember Pentin inquired into a percentage noted in the repair and replacement fund. Mayor Thorne.expressed concern about the downward trend of sales tax revenue. Councilmember Narum inquired as to staffs recommendation regarding the surplus allocated to the prefund PERS liability. Ms. Olson confirmed that the surplus allocation to the prefund PERS liability would only stay temporarily until Council decided how to deal with the PERS unfunded liability at a future meeting. Councilmember Brown commented on the increase in water sales. Councilmember Olson inquired as to the financial status of the golf course. City Manager Nelson Fialho reiterated that the unusually rainy season took a toll on the sales revenue of the golf course and the overall downward trend in the popularity of the game of golf. Councilmember Narum commended the work of City staff for the 3% increase in revenue and their hard work in maintaining the budget. Mayor Thorne commended the work of City staff. Councilmember Brown commented on the upcoming item related to the CaIPERS debt. Mayor Thorne noted there were no one who wished to address this item. MOTION: It was m/s by Narum/Pentin to waive full reading and adopt Resolution 17-982 accepting the FY 2016/17 Year-End Operating Budget Report and designate General Fund Reserves. Motion passed by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin, Mayor Thorne Noes: None Absent: None City Council Minutes Page 4 of 5 December 5,2017