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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. <br /> <br />FIRST QUARTER 2004-05 FINANCIAL REPORT (OPERATING BUDGET) <br /> <br />WHEREAS, each quarter a report of financial condition is presented to Council which <br /> includes any staff recommendations for budget amendments and technical <br /> corrections or actions needed; and <br /> <br />WHEREAS, staff presented to Council such a report (SR:05:018) for the first quarter of <br /> the fiscal year ending June 30, 2005 for the Operating Budget only; and <br /> <br />WHEREAS, as a result of the first quarter financial reports, staff made recommendations <br /> as outlined in that report. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: Amend the Operating Budget, as outlined in Appendix A to: <br /> <br />a) Reflect the 2003-04 revenue and transfer projection carryovers <br />previously approved by Council totaling $ 319,901; <br />b) Reflect the 2003-04 expenditure carryovers previously approved by <br /> Council totaling $9,159,088; <br />c) Reflect other Budget amendments for 2004-05 already approved by <br /> Council including transfers-out of $770,500 to the CIP, and <br /> expenditure appropriations of $3,000. <br />d) Update the beginning 2004-05 fund balances from projected to <br /> actual 2003-04 ending fund balances; and <br />e) Approve a correction to the 2003-04 carryovers to include the <br /> State's "HELP" housing down payment program funding <br /> ($450,000) and City Lower Income Housing matching funds <br /> ($160,000), for a total appropriation of $610,000, as was originally <br /> approved by Council in October 2003. <br /> <br />SR05:018 <br /> <br />5 <br /> <br /> <br />