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Attachment 1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, ADOPTING THE FY 2023/24 AND FY 2024/25 OPERATING AND CAPITAL BUDGET, CAPITAL IMPROVEMENT PROGRAM FOR FY 2023/24 THROUGH FY 2026/27, AND RESERVE POLICY WHEREAS, biannually the City Council adopts a two-year operating and capital budget and approves a four-year capital improvement program; and WHEREAS, at a public meeting on June 6, 2023, staff presented a report regarding the recommended Operating and Capital Budget for FY 2023/24 and FY 2024/25, and the Capital Improvement Program for FY 2023/24 through 2026/27. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: Adopts the FY 2023/24 and FY 2024/25 Operating Budget provided in Exhibit A. Section 2: Adopts the FY 2023/24 and FY 2024/25 Capital Budget and approves the Capital Improvement Program for FY 2023/24 through FY 2026/27 provided in Exhibit B. Section 3: Adopts the revised reserve policy provided in Exhibit C. Section 4: Authorizes the City Manager to reclassify positions as necessary, provided that the resulting cost increase is less than ten percent and this increase is offset with corresponding ongoing reductions in requesting department's personnel and/or non-personnel budget or increase in ongoing revenues, resulting in net zero fiscal impact. Section 5: Authorizes the City Manager to augment transfer budget related to subsidies provided by the General Fund to other funds for various programs, such as senior and low-income household discounts for Water and Sewer utility services, if actual subsidies are higher than the amounts approved as part of the budget. Section 6: This resolution shall become effective upon adoption. Section 7: 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 June 6, 2023. I, Jocelyn Kwong, 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 6th day of June 2023 by the following vote: Ayes: Noes: Absent: