RES 92065 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 92-65 RESOLUTION APPROVING SECOND QUARTER 1991-92 FINANCIAL REPORTANDMID-YEARREVIEW WHEREAS, each quarter a report of financial condition is presented to Council which includes any staff recommendations for budget amendments and technical corrections or actions needed; and WHEREAS, WHEREAS, staff presented to Council such a report (SR 92:125) for the second quarter of 1991-92; and the second quarter marks the mid-year point, and therefore, staff performed a more thorough "Mid-year Review"; and WHEREAS, as a result of that review, staff made numerous recommendations for budget amendments as outlined in that report. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: That the 1991-92 Operating Budget be amended, as detailed in Tables 1-5 in the attached appendix, to reflect: An increase in revenue projections by $796,197, from $51,608,372 to $52,404,569; a decrease in expenditure appropriations by $1,185,949, from $50,130,020 to $48,944,071; and a net increase in transfers in by $65,500. Section 2: That a Reserve for Carryovers be established in the General Fund in the amount of $1,724,798 designated for the purposes described in Staff Report 92:125, a copy of which is attached hereto and incorporated herein by this reference. Section 3: That the 1991-92 Capital Improvement Budget be amended as detailed in Tables 6-10 in the attached appendix, to reflect: An increase in revenue projections by $658,408, from $9,414,802 to $10,073,210; a decrease in expenditure appropriations by $500,179, from $21,894,243 to $21,394,064; and a net decrease in transfers in by $348,510.