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THE CITY OF 11 <br /> CITY COUNCIL AGENDA REPORT <br /> pLEASANTON_ <br /> March 5, 2019 <br /> Finance <br /> TITLE: ADOPT A RESOLUTION ACCEPTING THE MIDYEAR FY 2018/19 <br /> OPERATING BUDGET AND AMENDING THE FY 2018/19 OPERATING <br /> BUDGET ACCORDINGLY <br /> SUMMARY <br /> The City follows a three step operating budget process that starts with the approval of a <br /> two-year Operating Budget (Budget); then after the first year of the Budget, the adoption <br /> of a Midterm Budget; and the adoption of Midyear Budget adjustments during each of <br /> the two years of the Budget. This report is the Midyear Budget report for the second <br /> year of the Budget. This report recommends adjustments to the FY 2018/19 Operating <br /> Budget adopted by the Council on June 19, 2018. While these recommended changes <br /> primarily affect the General Fund, Water Fund, Sewer Fund, Cemetery Fund and <br /> Internal Services funds, minor adjustments are also recommended to the Special <br /> Revenue Funds. Included in the recommended Midyear Budget adjustments are <br /> recognition of grant funds, Council actions, and other Budget adjustments that have <br /> occurred since the adoption of the Operating Budget on June 19, 2018. A complete <br /> analysis of the adjustments for all funds is included in Appendix A. <br /> RECOMMENDATION <br /> Adopt the attached resolution approving Midyear adjustments to the FY 2018/19 <br /> Budget. <br /> FINANCIAL STATEMENT <br /> The recommended adjustments to various funds and the financial impact to each fund <br /> are outlined in Appendix 1. The discussion section of this report also summarizes the <br /> recommended adjustments and their respective impact to the Budget and fund <br /> balances. <br />