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City of Pleasanton <br /> <br /> S TA FF REPORT <br /> <br />April 3, 1990 <br />Finance Department <br /> <br />SUBJECT: 1989-90 Mid-Year Budget Review <br /> <br />STAFF RECOMMENDATION: <br /> <br /> Staff recommends that Council approve midyear <br /> budget amendments per the attached report and <br /> appropriate funds accordingly. <br /> <br />Annually a review of the current year's <br />revenues and expenditures is made and the <br />budget amended accordingly. <br /> <br />Honorable Mayor and Members of the Council: <br /> <br />BACKGROUND <br /> <br />Each year, as a precursor to preparation of the following year's <br />operating budget and capital improvement program, staff does a <br />review of the current year's budget versus actual revenue and <br />expenditures. This midyear review is a necessary step to ensure <br />that the projected year end balances are a valid starting point <br />for the following year's budget. This year, staff conducted a <br />review which was far more extensive than in years past. During <br />this review, many old CIP projects and funds were closed out on <br />the books. The net dollar impact is minimal, but staff now feels <br />confident that the budget beginning balances are as accurate as <br />possible. <br /> <br />SR:90:130 1 <br /> <br /> <br />