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RESOLUTION NO. 2025-065
<br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON
<br /> ACCEPTING THE FY 2024/25 YEAR-END OPERATING REPORT, APPROVING
<br /> BUDGET AMENDMENTS IN MULTIPLE FUNDS, AND DESIGNATING THE
<br /> GENERAL FUND BALANCE
<br /> WHEREAS, each year a report of the financial condition of the Operating Budget is
<br /> presented to Council, and
<br /> WHEREAS, staff presented to Council such a report for the fiscal year ending June 30,
<br /> 2025.
<br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES
<br /> RESOLVE, DECLARE, DETERMINE, AND ORDER THE FOLLOWING:
<br /> SECTION 1. Accepts the June 30, 2025 Fund Balances as shown in Exhibit A.
<br /> SECTION 2. Designates General Fund Reserves for existing and future unknown
<br /> obligations as shown in the Attachment for all funds and as follows for the General Fund and
<br /> other funds.
<br /> SECTION 3. Allocates a transfer of $2,400,000 from the General Fund to the Streets
<br /> CIP Fund and adjusts the budgets for the General Fund and other funds as presented in the
<br /> table below. It also adjusts the contribution to the Livermore-Pleasanton Fire Department
<br /> (LPFD) Workers' Compensation Fund for $322,314, utilizing the LPFD year-end budget savings.
<br /> FY 2024/25
<br /> Recommended Recommended
<br /> Budget Actual Amended Budget Final Budget Rationale
<br /> Amendments Budget Amendments
<br /> Revenue
<br /> General Fund $ 173,662,371 $ 153,876,040 $ 12,758,240 $ 166,634,280 Costco project capital contribution
<br /> Expenses
<br /> General Fund $(166,430,404) $(154,475,775) $ (12,758,240) $(167,234,015) Costco project capital outlay
<br /> Lower Income
<br /> Housing $ (1,105,455) $ (715,124) $ (395,300) $ (1,110,424) BMR home purchase and escrow fee
<br /> Return of funds to Alameda County Housing
<br /> H.O.M.E. $ (415,168) $ (143,156) $ (273,000) $ (416,156) &Community Development for repayment
<br /> Program of loan funds
<br /> Abandoned
<br /> Vehicle $ (34,114) $ (30,000) $ (4,200) $ (34,200) Increase in interfund expenditure
<br /> H.B.P.O.A.
<br /> Maintenance $ (228,843) $ (150,000) $ (78,900) $ (228,900) Higher maintenance costs
<br /> District
<br /> Water Operations Increase in Zone 7 water purchase offset by
<br /> and Maintenance
<br /> $(34,847,423) $ (33,394,279) $ (1,454,000) $ (34,848,279) higher revenues
<br /> Recycled Water
<br /> Operations and $ (2,407,352) $ (2,031,926) $ (376,000) $ (2,407,926) Contribution to DERWA for capital projects
<br /> Maint
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