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RESOLUTION NO. 19-1121 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ACCEPTING THE FY 2018/19 YEAR-END OPERATING BUDGET AND <br /> DESIGNATING GENERAL FUND RESERVES <br /> WHEREAS, each year a report of financial condition of the Operating Budget is <br /> presented to Council, and <br /> WHEREAS, staff presented to Council such a report for the fiscal year ending June 30, <br /> 2019 <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1: It accepts the June 30, 2019 Fund Balances as shown in the Attachment. <br /> SECTION 2: It designates General Fund Reserves for existing and future unknown <br /> obligations as shown in the Attachment for all funds and as follows for the General Fund: <br /> General Fund Initial Year-End Ending <br /> Fund Balance Balances at Recommended Fund <br /> Reserve Designations 6/30/2019 Adjustments Balance <br /> General Fund Reserve $26,063,367 $1,790,292 $27,853,659 <br /> SECTION 3: The City Clerk shall certify to the passage of this resolution and enter it into <br /> the book of original resolutions. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on the 5th day of November, 2019. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 5th day of <br /> November, 2019, by the following vote: <br /> Ayes: Councilmembers Brown, Narum, Pentin, Testa, Mayor Thorne <br /> Noes: None <br /> Absent: None <br /> aren •iaz, ity lerk <br /> Dated: I///Z//9 <br /> APPROVED AS TO FORM: <br /> Daniel G. Sodergren, City Attorney <br />