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THE CITY OF /� <br /> CITY COUNCIL AGENDA REPORT L <br /> PL£ASANTONa <br /> November 19, 2013 <br /> Finance <br /> TITLE: ADOPT A RESOLUTION TO ACCEPT THE 2012/13FY YEAR-END <br /> FINANCIAL REPORT FOR THE OPERATING BUDGET AND AMEND <br /> THE 2012/13FY OPERATING BUDGET <br /> SUMMARY <br /> This report presents the results of operations for the 2012/13FY Operating Budget <br /> (Budget) and recommended amendments to the Budget. This information is unaudited. <br /> The audited information will be included in the City's Comprehensive Annual Financial <br /> Report (CAFR) and will be presented to Council once the City's independent auditor has <br /> issued its opinion on the CAFR and it has been reviewed by the Audit Committee which <br /> is expected to occur in January 2014. If there are any differences in the financial <br /> information presented in this report and the CAFR as a result of the audit, those <br /> changes will be highlighted for the Council at the time the CAFR is presented to the <br /> Council for acceptance in January. <br /> RECOMMENDATION <br /> Staff recommends that Council adopt the attached resolution (Attachment 1) to amend <br /> the 2012/13FY Operating Budget and designate the June 30, 2013 Fund Balances as <br /> shown in Attachment 2. <br /> FINANCIAL STATEMENT <br /> The recommendation ratifies Council's actions since the last approved budget <br /> adjustments (Midyear Operating Budget adopted by Council on March 19, 2013) and <br /> approves any further modifications to the Operating Budget as outlined in this report. <br />