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RESOLUTION NO. 20-1185 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING THE FY 2019/20 YEAR-END OPERATING BUDGET, ALLOCATING THE GENERAL FUND SURPLUS, AND DESIGNATING GENERAL FUND RESERVES WHEREAS, each year a report of financial condition of the Operating Budget is presented to Council, and WHEREAS, staff presented to Council such a report for the fiscal year ending June 30, 2020. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: It accepts the June 30, 2020 Fund Balances as shown in Exhibit A. Section 2: It designates General Fund Reserves for existing and future unknown obligations as shown in Exhibit A for all funds and as follows for the General Fund: Initial Year-End Ending General Fund Balances at Recommended Fund Fund Balance 6/30/2020 Adjustments Balance General Fund Reserve $30,589,421 $30,589,421 Reserve for Crisis Response Program - 800,000 800,000 Total General Fund Reserves $30,589,421 800,000 $31,389,421 Section 3: It allocates $3,545,578 of the General Fund surplus to the Rainy Day Fund. Section 4: The City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on the 17th day of November 2020. I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 17th of November 2020, by the following vote: Ayes: Councilmembers Brown, Narum, Pentin, Testa, Mayor Thorne Noes: None Absent: None Abstain: None - are Diaz, City Cle k APPROVED AS TO FORM: d Daniel G. Sodergren, ity Attorney