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RESOLUTION NO. 08 -254
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON
<br />ACCEPTING THE FISCAL YEAR 2007 -08 YEAR -END FINANCIAL REPORT OF THE
<br />OPERATING BUDGET AND AMENDING THE FISCAL YEAR 2007 -08 OPERATING
<br />BUDGET (UN- AUDITED)
<br />WHEREAS, each year a report of financial condition of the Operating Budget is
<br />presented to Council which includes staff recommendations for budget amendments and
<br />carryover; and
<br />WHEREAS, staff presented to Council such a report for the fiscal year ending June 30,
<br />2008; and
<br />WHEREAS, as a result of the year -end financial review, staff made numerous
<br />recommendations as outlined in that report
<br />NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF
<br />PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING:
<br />Section 1: Amend the FY 2007 -08 Operating Budget as shown in Attachment 3A.
<br />Section 2: Fully appropriate June 30, 2008, Fund Balances as shown in Attachment 3B.
<br />Section 3: Approve the Operating Budget carryovers detailed in Attachment 4
<br />Section 4: Amend the designations of General Fund Reserves for existing and future,
<br />known and unknown, obligations as shown below.
<br />General Fund Fund Balance Reserve Designations
<br />General F ue Fund Balance R
<br />Designations
<br />Reserve for Carryovers
<br />10% Reserve for Economic
<br />Uncertainties
<br />Capital Projects Reserve
<br />Reserve for Golf Debt Service
<br />emporary Recession Reserve
<br />Reserve for Inventories
<br />Total
<br />Beyinninq Pond Changes Approved m Iterommended
<br />Balance Budget Addroons to Reserves Ending Fund Balance
<br />3,608,633
<br />9,260,000
<br />5,000,000
<br />2,000,000
<br />6,100,000
<br />55,144
<br />28,023,777
<br />(2,008,633)
<br />150,000
<br />(2,000,000)
<br />(3,858,633)
<br />1,310,377
<br />1,800,000
<br />12,205
<br />3,122,582
<br />2,910,377
<br />9,410,000
<br />3,000,000
<br />2,000,000
<br />7,900,000
<br />67,349
<br />25,287,726
<br />Section 5: City Clerk shall certify to the passage of this resolution and enter it into the
<br />book of original resolutions.
<br />PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at
<br />a regular meeting held on the 16 day of December, 2008.
<br />I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing
<br />resolution was adopted by the City Council at a regular meeting held on the 16 day of
<br />December, 2008 by the following vote:
<br />
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