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RESOLUTION NO. 18 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING <br /> THE MIDYEAR FY 2017/18 OPERATING BUDGET AND AMENDNG THE FY 2017/18 <br /> OPERATING BUDGET ACCORDINGLY <br /> WHEREAS, staff periodically presents to the City Council reports regarding the financial <br /> condition of the City along with any recommendations for budget amendments and technical <br /> corrective actions needed, and <br /> WHEREAS, the City Council adopted the FY 2017/18 Operating Budget ("Budget") on <br /> June 20, 2017, and <br /> WHEREAS, staff prepared a Midyear Budget update that includes recommended <br /> amendments to the Budget. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER THE <br /> FOLLOWING: <br /> SECTION 1: It ratifies adjustments approved by the City Manager and funded from the <br /> contingency totaling $629,036. <br /> SECTION 2: It approves allocating the $2,198,151 General Fund surplus as follows: <br /> $1,476,974 to General Fund reserves and $721,177 to prefunding pension liabilities. <br /> SECTION 3: It amends the Budget, as outlined in Attachment 1. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on March 06, 2018. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the forgoing <br /> resolution was adopted by the City Council at a regular meeting held on the 6th Day of March, <br /> 2018, by the following vote: <br /> Ayes: <br /> Noes: <br /> Absent: <br /> Abstain: <br /> Karen Diaz, City Clerk <br /> APPROVED AS TO FORM: <br /> Dan Sodergren, City Attorney <br />