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RESOLUTION NO. 20-1138 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ACCEPTING THE MIDYEAR FY 2019/20 OPERATING BUDGET AND AMENDNG THE <br /> FY 2019/20 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 2019/20 Operating Budget ("Budget") on <br /> June 18, 2019, 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 $781,261. <br /> SECTION 2: It approves allocating the $3,980,923 General Fund surplus as follows: <br /> General Fund Reserves $2,000,000 <br /> Capital Improvement Plan (CIP) Reserves 1,000,000 <br /> Repair and Replacement (R&R Fund Reserves 980,923 <br /> Total $3,980,923 <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 03, 2020. <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 3rd day of March <br /> 2020. by the following vote: <br /> Ayes: Councilmembers Brown. Narum, Pentin. Testa, Mayor Thorne <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> 1' <br /> Karen •'az. City Clerk <br /> APPROVED A S TO FORM: <br /> e , <br /> Dan Sodergren, Cit' Attorney <br />