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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, CALIFORNIA <br />RESOLUTION NO. 99-049 <br /> <br />RESOLUTION APPROVING THE 1998-99 MIDYEAR <br />FINANCIAL REPORT <br /> <br />WHEREAS, each quarter a report of financial condition is presented to Council which includes <br /> any staff recommendations for budget amendments or actions needed; and <br /> <br />WHEREAS, staff presented to Council such a report (SR 99:96) for the second quarter of the <br /> fiscal year ending June 30, 1999; and <br /> <br />WHEREAS, the second quarter marks the midyear point, and therefore, staff performed a more <br /> thorough "Midyear Review"; and <br /> <br />WHEREAS, as a result of the second quarter financial review, staff made recommendations as <br /> outlined in that report. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br /> <br />Amends the Operating Budget, as outlined in Appendix B, to reflect: an increase in <br />revenue projections by $4,607,397; an increase in expenditure appropriations by <br />$994,756; and a net increase in transfers-out by $550,101. <br /> <br />Section 2: <br /> <br />Amends the Operating Budget, as outlined in Appendix B, to reflect the <br />Livermore-Pleasanton Fire Operations Trust Fund with projected revenues of <br />$10,046,929 and expenditure appropriations of $10,040,417. <br /> <br />Section 3: <br /> <br />Amends the Capital Improvement Budget, as detailed in Tables 1-5 in Appendix E, <br />to reflect: a decrease in revenue projections by $13,378; an increase in <br />expenditure appropriations by $1,549,639; and a net increase in transfers-in by <br />$550,101. <br /> <br />Section 3: This resolution shall become effective immediately upon its passage and adoption. <br /> <br /> <br />