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City of Pleasanton <br /> $ TA FF REPORT <br /> <br />December 11, 1990 <br />Finance Department <br /> <br />SUBJECT: <br /> <br />198g-90 Financial Report <br /> <br />STAFF RECOMMENDATION: <br /> <br />Staff recommends that Council take the following <br />actions: <br /> <br />1. Approve the budget carryovers detailed in <br />Appendix D. <br /> <br />2. Establish the Specially Designated Reserves as <br />detailed in Appendix B. <br /> <br />3. Fully appropriate all balances to contingency <br />reserves designated for existing and future, known <br />and unknown obligations. <br /> <br />SUMMARY: <br /> <br />The monthly financial report presented to Council <br />has been reorganized into two reports. Monthly an <br />investment report and a report of disbursements is <br />being presented to Council. The report of <br />financial condition will be presented quarterly, <br />and will include any staff recommendations for <br />budget amendments and technical corrections or <br />actions needed. This is the first such report. <br />This report reflects the City's financial position <br />as of 6/30/90 and includes various recommended <br />actions. Staff waited until the books were closed <br />and the audit work complete to present this report. <br /> <br />INTRODUCTION <br /> <br />The purpose of this report is to present the status of all City <br />funds as of the end of the fiscal year 1989-90, and to analyze any <br />variances between actual revenues and expenditures compared to <br />previous projections for that year. Staff is also recommending <br />Council actions, relating to the appropriation of fund balances and <br />the carryover of budgeted items from one fiscal year to the next, <br />which are done each year as the final step in closing the books. <br /> <br />SR 90:487 <br /> <br />1 <br /> <br /> <br />