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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, ALAMEDA <br /> <br /> RESOLUTION NO. 05-006 <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 reconunendations 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 the <br /> 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 as <br /> outlined in that report. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: Amends the Operating Budget, as outlined in Appendix A, to: <br /> <br /> a) Reflect the 2003-04 revenue and transfer projection <br /> carryovers previously approved by Council totaling <br /> $ 319,901; <br /> b) Reflect the 2003-04 expenditure carryovers previously <br /> approved by Council totaling $9,159,088; <br /> c) Reflect other Budget amendments for 2004-05 already <br /> approved by Council including transfers-out of $770,500 to <br /> the CIP, and expenditure appropriations of $3,000. <br /> d) Update the beginning 2004-05 fund balances from <br /> projected to actual 2003-04 ending fund balances; and <br /> e) Approve a correction to the 2003-04 carryovers to include <br /> the State's "HELP" housing down payment program <br /> funding ($450,000) and City Lower Income Housing <br /> matching funds ($160,000), for a total appropriation of <br /> $610,000, as was originally approved by Council in <br /> October 2003. <br /> <br /> <br />