RES 92218 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 1991-92 FINANCIAL REPORT WHEREAS, each year a report of financial condition is presented to Council which includes any staff recommendations for budget amendments, carryovers, establishment of reserves, technical corrections or actions needed; and WHEREAS, staff presented to Council such a report (SR92:432) for the fiscal year ending June 30, 1992; and WHEREAS, as a result of the year end financial review, staff made numerous recommendations as outlined in that report. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1; That the Operating Budget carryovers detailed in Appendix F, and Capital Improvement Budget carryovers detailed in Appendix G be approved. Section 2: That the Specially Designated Reserves as detailed in Appendix B be established. Section 3; That the General Fund and General Fund Capital Projects Fund balances as detailed in Appendix B be fully appropriated. Section 4; That all other balances be appropriated to contingency reserves designated for existing and future, known and unknown obligations. Section 5: That an additional $1.275 million be appropriated for progress payments on the Harvest Park Gym, bringing the total funded appropriation to $2.275 million. Section 6: That the 1991-92 Sewer Maintenance and Operating (M & O) Budget be amended by increasing revenue projections by $377,822, appropriating an additional $239,727 and approving an increase in net operating transfers out by $127,494. Section 7: That the Self-Insurance Fund budget be amended to reflect all 1991-92 insurance expenditures being charged to the General Fund, in order to maintain adequate self- insurance reserves, per the actuarial study. Section $; This resolution shall become effective immediately upon its passage and adoption. Section 9; This resolution shall be published once within fifteen (15) days after its adoption in "The Tri-Valley Herald," a newspaper of general circulation, published and circulated in the City of Pleasanton.