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CITY OF PLEASANTON <br /> <br /> S TA FF REPORT <br /> <br /> Finance Department <br /> June 3, 1997 <br /> <br />SUBJECT: Third Quarter 1996-97 Financial Report and Update of City's <br /> General Financial Policies <br /> <br />STAFF RECOMMENDATION: <br /> <br /> 1. Staff recommends that Council adopt the attached <br /> resolution which amends the 1996-97 Operating and Capital <br /> Improvement Budgets as follows: <br /> <br /> A. Amend the Operating Budget, as outlined in Appendix <br /> A, to reflect: An increase in revenue projections by <br /> $1,359,060; an increase in expenditures of $122,949; <br /> an increase in transfers-out of $2,923,437; and a <br /> correction to the mid-year worksheets, which <br /> incorrectly understated the beginning balance of the <br /> Downtown Parking Fund by $5,950. <br /> <br /> B. Amend the Capital Improvement Program (CIP) <br /> Budget, as detailed in Tables 1-5 in Appendix B, to <br /> reflect: an increase in revenue projections by $86,142; <br /> an increase in net transfers-in by $2,923,437; and an <br /> increase in expenditure appropriations by $116, 109. <br /> <br /> 2. Staff recommends that Council revise the City's General <br /> Financial Policies to conform to the Economic and Fiscal <br /> Element of the General Plan, per Appendix C. <br /> <br /> 1 <br />SR97176 <br /> <br /> <br />