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ATTACHMENT 1 <br /> RESOLUTION NO. <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ACCEPTING THE FY 2019/20 YEAR-END OPERATING BUDGET, ALLOCATING THE <br /> GENERAL FUND SURPLUS, AND 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 /> 2020 <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. 2020 Fund Balances as shown in the Attachment. <br /> Section 2: It designates General Fund Reserves for existing and future unknown obligations as <br /> shown in the Attachment for all funds and as follows for the General Fund: <br /> Initial Year-End Ending <br /> General Fund Balances at Recommended Fund <br /> Fund Balance 6/30/2020 Adjustments Balance <br /> General Fund Reserve $30.589,421 $30.589.421 <br /> Reserve for Crisis Response Program - 800.000 800,000 <br /> Total General Fund Reserves $30,589,421 800,000 $31,389,421 <br /> Section 3: It allocates $3,545,578 of the General Fund surplus to the Rainy Day Fund. <br /> Section 4: The City Clerk shall certify to the passage of this resolution and enter it into the book <br /> 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 17th day of November 2020. <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 by the following vote: <br /> Ayes: <br /> Noes: <br /> Absent: <br /> Abstain: <br /> Karen Diaz, City Clerk <br />