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ICity of Pleasanton <br /> S TA FF REPORT <br /> <br />i6Di/ <br /> , ,,/ <br /> <br />JUly 10, 1990 <br />City Manager <br /> <br />Adoption of the City Operating Budget for Fiscal <br />Year 1990/91. <br /> <br />STAFF RECO~ATION: <br /> <br />Adopt the annual operating budget for the Fiscal <br />Year 1990/91 as detailed in the budget document <br />which includes recommended expenditures for the <br />City's Housing and Community Development Block <br />Grant (HCD) Program. <br /> <br />Adopt the proposed financial polices as detailed in <br />the attached resolution. <br /> <br />Honorable Mayor and Members of the Council: <br /> <br />BACKGROUND <br /> <br />On July 25th, the City Council held a special study session for the <br />Durpose of reviewing the proposed annual operating budget for the <br /> scal Year 1990/91. Based on discussions held at that session, <br /> ~aff is recor~uending adoption of the budget at this time. <br /> <br />The proposed budget is the City's comprehensive financial plan for <br />all programs and services for this current fiscal year. A total of <br />$44,706,220.00 in Fiscal Year 1990/91 estimated revenue will be <br />utilized for recommended operating expenditures totaling <br />$37,845,895.00 and capital expenditures totaling $7,396,677.00. In <br />addition to these totals are $2,929,560.00 for a general fund <br />rese~ze to cover economic uncertainties or emergencies and <br />$2,276,508.00 for a capital improvement reserve covering unforeseen <br />capital improvement needs. <br /> <br />To meet the demands of our growing community, a total of 26 new <br />positions are being recommended. The positions, which cover a <br />broad range of service delivery areas, will assure that existing <br /> <br />SR90:274 1 <br /> <br /> <br />