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4 <br />THE CITY OF <br />M 1 ~ ~ I <br />PL~E~S~4NTONe CITY COUNCIL AGENDA REPORT <br />June 19, 2007 <br />Finance Department <br />TITLE: ADOPT A RESOLUTION TO ACCEPT THE THIRD QUARTER 2006-07 <br />FINANCIAL REPORT OF THE OPERATING BUDGET AND AMEND <br />THE 2006-07 OPERATING BUDGET AND CAPITAL IMPROVEMENT <br />PROGRAM <br />SUMMARY <br />This agenda report outlines certain budget adjustments that are being recommended. <br />In addition, The Third Quarter Financial Report is attached to this agenda report and <br />provides a snapshot of the City's financial condition as of March 31 sr <br />RECOMMENDATION <br />Approve resolution to accept the third quarter financial report and approve budget <br />adjustments and supplemental appropriations as outlined in this agenda report. <br />FINANCIAL STATEMENT <br />The financial impact on the budget is included in the attachments to the Resolution and <br />explained in the discussion section of this agenda report. <br />