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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 04-042 <br /> <br />2003-04 MIDYEAR AND THIRD QUARTER FINANCIAL REPORT <br /> <br />WHEREAS, each quarter a report of fmancial condition is presented to Council which includes <br /> any staff recommendations for budget amendments or actions needed; and <br /> <br />WHEREAS, staff presented to Council such a report (SR04-129) for the fiscal year ending June <br /> 30, 2004; and <br /> <br />WHEREAS, the second quarter marks the midyear point; and <br /> <br />WHEREAS, staff is in the process of preparing the 2003-04/2004-05 Midterm Budget and <br /> Capital Improvement Program; and <br /> <br />WHEREAS, staff has performed a "Midyear Review;" and <br /> <br />WHEREAS, as a result of the second and third quarter financial reviews, staff has made <br /> recommendations to the City Council. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br /> <br />Section 2: <br /> <br />Amends the Operating Budget, as outlined in Appendix A, to reflect: a decrease <br />in revenue projections by $572,242; an increase in net transfers-out by <br />$526,668; and a decrease in expenditure appropriations by $2,782,150. <br /> <br />Amends the Capital Improvement Program Budget, as detailed in Tables 1-5 in <br />Appendix B, to reflect: an increase in revenue projections by $8,345,866; an <br />increase in expenditure appropriations by $9,211,976; a net increase in <br />transfers-out by $1,684,018; and a decrease in Ending Fund Balances of <br />$2,550,128. <br /> <br /> <br />