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CITY OF PLEASANTON REQUIRED SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED JUNE 30, 2022 Budgetary Information Budgetary Information The following procedures are performed by the City in establishing the budgetary data reflected in the basic financial statements: 1.Prior to July 1 of every odd numbered year, the City Manager submits to the City Council a proposed two-year operating budget for the subsequent two fiscal years. The operating budget includes proposed expenditures and projected revenues. 2.Public hearings are conducted to obtain public comments. 3.The budget is legally adopted through passage of a Council resolution. 4.The transfer of budgeted amounts between funds must be approved by the City Council. 5.A budget review is presented to the City Council by the City Manager mid-year and approved. 6.A budget review is presented to the City Council by the City Manager for the second year of the two-year budget and approved. 7.After adoption, the budget is transferred to the general ledger for staff to manage expenses and revenues against the budget. 8.The budgeted funds are adopted on a basis consistent with generally accepted accounting principles in the United States. 9.Expenditures may not legally exceed budgeted appropriations at the fund level. Management does not have the authority to amend the budget without the approval of the City Council. However, the City Manager may authorize transfers from one account to another within the same fund. Excess of Expenditures Over Appropriations Expenditures exceeded appropriations in the Abandoned Vehicle Fund, the Miscellaneous Donations Fund, the Business Support Fund, and the Pleasanton Garbage Service Rate Reserve Fund by $7,148, $112,577, $95,000, and $17,040, respectively. 119