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 CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ALAMEDA COUNTY, ALAMEDA <br /> RESOLUTION NO. 05-052 <br /> <br /> 2004-05 MIDYEAR AND THIRD QUARTER FINANCIAL REPORT <br /> <br /> WHEREAS, each quarter a report of financial condition is presented to Council which <br /> includes any staff recommendations for budget amendments or actions <br /> needed; and <br /> <br /> WHEREAS, staff presented to Council such a report (SR:05:166) for the second and <br /> third quarters of the fiscal year ending June 30, 2005; and <br /> <br /> WHEREAS, the second quarter marks the midyear point; and <br /> <br /> WHEREAS, staff performed a midyear budget review of fiscal year 2004-05 in <br /> conjunction with the preparation of the upcoming 2005-06/2005-07 <br /> Operating Budget and the 2005-06/2008-09 Capital Improvement Program; <br /> and <br /> <br /> WHEREAS, as a result of the second and third quarter financial review, staff made <br /> recommendations 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: Amends the Operating Budget, as outlined in Appendix A, to <br /> reflect: an increase in revenue projections by $2,812,671; an <br /> increase in net transfers-in by $1,555,273 (offset by a transfer-out <br /> from the Housing Loan Fund to the Lower Income Housing <br /> Fund); and an increase in expenditure appropriations by $2,396. <br /> <br /> Section2: Amends the Capital Improvement Budget, as detailed in <br /> Appendix B, to reflect: an increase in revenue projections by <br /> $2,355,910 (includes an increase in "Transfer to Next Year's <br /> Revenue" of $7,641,028 less a reduction of revenue estimates of <br /> $5,285,118 due mostly to a change in methodology; an increase in <br /> expenditure appropriations by $1,644,265; a net increase in <br /> <br /> <br />