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ATTACHMENT 1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING THE FY 2020/21 YEAR-END OPERATING BUDGET, ALLOCATING THE GENERAL FUND SURPLUS, DESIGNATING GENERAL FUND RESERVES, AND ALLOCATING THE WATER AND SEWER FUNDS' SURPLUSES 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, 2021 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, 2021 Fund Balances as shown in the Attachment. Section 2: It designates General Fund Reserves for existing and future unknown obligations as shown in the Attachment for all funds and as follows for the General Fund, Water Fund and Sewer Fund: Section 3: It allocates $7,501,382 General Fund surplus as follows: $2 million to General Fund reserve, $1 million to COVID Response and Recovery, $2 million to Repair and Replacement reserves, and $2,501,382 to Capital Improvement Program Reserves (CIPR) Section 4: It allocates $1,275,000 of the Water Fund surplus as follows: $275,000 to drought response and $1 million to the PFAS project. Section 5: It allocates $1,090,945 Sewer Fund surplus to a CIP reserve to fund implementation of projects from the Sewer Management Plan. Section 6: 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 16th day of November 2021. I, Jocelyn Kwong, Acting City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting by the following vote: Ayes: Noes: Absent: Abstain: Jocelyn Kwong, Acting City Clerk