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ATTACHMENT 1 <br />RESOLUTION NO. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />ACCEPTING THE FY 2023/24 YEAR-END OPERATING BUDGET, APPROVING <br />BUDGET AMENDMENTS IN MULTIPLE FUNDS, AND DESIGNATING GENERAL <br />FUND RESERVES <br />WHEREAS, each year a report of financial condition of the Operating Budget is presented <br />to the City Council, and <br />WHEREAS, staff presented to the City Council such a report for the fiscal year ending <br />June 30, 2024 <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: It accepts the June 30, 2024 Fund Balances as shown in Exhibit A. <br />Section 2: It designates General Fund Reserves for existing and future unknown obligations as <br />shown in the Exhibit for all funds and as follows for the General Fund. <br />Section 3: It allocates transfers from the General Fund to multiple funds as follows: $2,000,000 <br />to the Rainy Day Fund; $1,500,000 to the General Liability Fund; $1,400,000 to the Facility <br />Renovation Fund; $1,000,000 to the Information Technology Replacement & Replacement Fund; <br />$800,000 to the Storm Drain Fund; $500,000 to the Workers’ Compensation Fund; $500,000 to <br />the Park Median Replacement Fund; $250,000 to the Traffic Signal Repair & Replacement Fund. <br />Additionally, it also adjusts contributions to the two Livermore-Pleasanton Fire Department <br />(LPFD) Funds: $939,266 to the LPFD Workers’ Compensation Fund and $150,000 to the LPFD <br />Equipment Reserve Fund. <br />Section 4: The City Clerk shall certify to the passage of this resolution and enter it into the book <br />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 19th day of November 2024. <br />I, Jocelyn Kwong, 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 November 19, 2024, by <br />the following vote: <br />Ayes: <br />Noes: <br />Absent: <br />Abstain: <br />_____________________________ <br />Jocelyn Kwong, City Clerk <br />APPROVED AS TO FORM: <br />___________________________ <br />Daniel G. Sodergren, City Attorney <br />Page 245 of 658