SR 05:166 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 2004-05 MIDYEAR AND THIRD QUARTER FINANCIAL REPORT WHEREAS, each quarter a report of financial condition is presented to Council which includes any staff recommendations for budget amendments or actions needed; and WHEREAS, staff presented to Council such a report (SR:05:166) for the second and third quarters of the fiscal year ending June 30, 2005 and WHEREAS, the second quarter marks the midyear point and WHEREAS, staff performed a midyear budget review of fiscal year 2004-05 in conjunction with the preparation of the upcoming 2005-06/2005-07 Operating Budget and the 2005-06/2008-09 Capital Improvement Program and WHEREAS, as a result of the second and third quarter financial review, staff made recommendations as outlined in that report. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: Amend the Operating Budget, as outlined in Appendix A, to reflect: an increase in revenue projections by $2,812,671; an increase in net transfers- in by $1,555,273 (offset by a transfer-out from the Housing Loan Fund to the Lower Income Housing Fund); and an increase in expenditure appropriations by $2,396. Section 2: Amend the Capital Improvement Budget, as detailed in Appendix B, to reflect an increase in revenue projections by $2,355,910 (includes an increase in "Transfer to Next Year's Revenue" of $7,641,028 less a reduction of revenue estimates of $5,285,118 due mostly to a change in methodology; an increase in expenditure appropriations by $1,644,265; a net increase in transfers-in by $648,575; and an increase in Ending Fund Balances of $1,360,220. I HEREBY CERTIFY THAT THE FOREGOING WAS DULY AND REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF PLEASANTON, AT A MEETING HELD ON JUNE 21, 2005 BY THE FOLLOWING VOTE: SR 05:166 Page 11