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RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, TO <br />ACCEPT THE MID-YEAR 2008-09 FINANCIAL REPORT OF THE OPERATING <br />BUDGET AND AMEND THE 2008-09 OPERATING BUDGET <br />WHEREAS, each quarter a report of financial condition is presented to Council which <br />includes any staff recommendations for budget amendments and technical corrections or <br />actions needed; and <br />WHEREAS, staff presented to Council such a report for the second quarter (mid-year) of <br />the fiscal year ending June 30, 2009, for the Operating Budget; and <br />WHEREAS, as a result of the mid-year financial report, staff made recommendations as <br />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 Operating Budget, as outline in Attachment 2, Appendix A <br />SECTION 2: Approve redirecting the $3 million transferred from the General Fund to the <br />CIP as part of the Mid-Term budget, to the Temporary Recession Reserve. <br />SECTION 3: City Clerk shall certify to the passage of this resolution and enter it into <br />the 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 20`" day of January, 2009. <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 , by the following <br />vote: <br />Ayes: <br />Noes: <br />Absent: <br />Abstain: <br />Karen Diaz, City Clerk <br />APPROVED AS TO FORM: <br />Michael H. Roush, City Attorney <br />