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" CITY OF PLEASANTON ( ] <br /> STAFF REPORT <br /> <br /> Finance Department <br /> April 16, 1995 <br /> <br /> SUBJECT: First Quarter 1995-96 Financial Report <br /> <br /> STAFF RECOMMENDATION: <br /> <br /> Staff recommends that Council adopt the attached resolution which <br /> amends the 1995-96 Operating and Capital Improvement Budgets <br /> as follows: <br /> <br /> 1. Amend the Operating Budget, as outlined in Appendix B, <br /> to reflect 1994-95 carryovers previously approved by <br /> Council and to update beginning fund balances to act~ml <br /> audited fund balances. <br /> <br /> 2. Amend the Capital Improvement Program (CIP) Budget, as <br /> detailed in Tables 1-5 in Appendix F, to reflect 1994-95 <br /> carryovers previously approved by Council, to update <br /> beginning fund balances to actual audited fund balances, <br /> and to approve minor line item expenditure changes. <br /> <br /> SUMMARY: Each quarter a report of financial condition is presented to Council <br /> which includes any staff recommendations for budget amendments <br /> and technical corrections or actions needed. This is the first <br /> quarterly report for the fiscal year 1995-96. This report blends the <br /> originally approved 1995-96 Operating and CIP budgets with <br /> expenditure carryovers from 1994-95, which have already been <br /> approved by the Council. It also reflects any corrections to the <br /> beginning fund balances as a result of minor audit adjustments. <br /> <br /> sr96:119 <br /> <br /> <br />