|
<br />RESOLUTION NO. 06-075
<br />
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ACCEPTING
<br />THE 2005-0& FISCAL YEAR END FINANCIAL REPORT AND AMENDING THE 2005-06
<br />OPERATING BUDGET
<br />
<br />WHEREAS, each year a report of financial condition is presented to Council which
<br />includes staff recommendations for budget amendments, carryovers, establishment of reserves,
<br />technical corrections or actions needed; and
<br />
<br />WHEREAS, staff presented to Council such a report for the fiscal year ending June 30,
<br />2006; and
<br />
<br />WHEREAS, as a result of the year-end financial review, staff made numerous
<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 2005-06 Operating Budget as shown in Exhibit A.
<br />
<br />Section 2: Fully appropriates June 30, 2006 Fund Balances as shown in Exhibit B.
<br />
<br />Section 3: Approves the Operating Budget carryovers detailed in Exhibit C.
<br />
<br />Section 4: Amends the designations of General Fund Reserves for existing and
<br />future, known and unknown, obligations as follows:
<br />
<br />General Fund - Fund Beginning Changes Recommended Ending Fund
<br />Balance Reserve Fund Approved in Additions to Balance
<br />Desionations Balance Budget Reserves
<br />Reserve for Carrvovers 4,259,605 12,759,605\ 3,153,565 4,653,565
<br />10% Reserve for
<br />Economic Uncertainties 8,000,000 450,000 160,000 8,610,000
<br />Capitallmprovment
<br />Proaram Reserve 1,800,000 - 2,000,000 3,800,000
<br />Reserve for Golf Debt
<br />Service 3,600,000 11,100,000\ - 2,500,000
<br />Temporary Recession
<br />Reserve 5,100,000 - - 5,100,000
<br />Reserve for Inventories 44,422 - 1115\ 44,307
<br />Total 22,804,027 /3 409 605) 5,313 450 24707,872
<br />
<br />Section 5: Extends and carries over the funding for the commercial water
<br />conservation program.
<br />
|