Laserfiche WebLink
THE CITY OF ^ 7a <br />--- "' CITY COUNCIL AGENDA REPORT <br />PL~~AS~4NTONo <br />December 16, 2008 <br />Finance Department <br />TITLE: ADOPT A RESOLUTION ACCEPTING THE 2007-08 YEAR-END <br />FINANCIAL REPORT FOR THE OPERATING BUDGET AND <br />AMENDING THE FISCAL YEAR 2007-08 OPERATING BUDGET (UN- <br />AUDITED) <br />SUMMARY <br />This report describes the results of the 2007-08 fiscal year for the Operating Budget, <br />recommended carryovers, and changes in fund balance reserve designations. <br />RECOMMENDATION <br />Staff recommends that Council adopt the attached resolution to take the following <br />actions: <br />1. Amend the FY 2007-08 Operating Budget as shown in Attachment 3A. <br />2. Fully appropriate June 30, 2008, Fund Balances as shown in Attachment 3B. <br />3. Approve the Operating Budget carryovers detailed in Attachment 4 <br />4. Amend the designations of General Fund Reserves for existing and future, <br />known and unknown, obligations as shown on page 2. <br />FINANCIAL STATEMENT <br />The recommended actions will formalize previous Council decisions and actions from the <br />prior fiscal year and make modifications to the Operating Budget as outlined in this <br />report. <br />