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Attachment 1
<br />
<br />RESOLUTION NO.
<br />
<br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON
<br />ACCEPTING THE FY 2024/25 YEAR-END OPERATING BUDGET REPORT,
<br />APPROVING BUDGET AMENDMENTS IN MULTIPLE FUNDS, AND DESIGNATING
<br />THE GENERAL FUND BALANCE
<br />
<br />WHEREAS, each year a report of the financial condition of the Operating Budget is
<br />presented to Council, and
<br />
<br />WHEREAS, staff presented to Council such a report for the fiscal year ending June 30,
<br />2025.
<br />
<br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES
<br />RESOLVE, DECLARE, DETERMINE, AND ORDER THE FOLLOWING:
<br />
<br />Section 1: A ccepts the June 30, 2025 Fund Balances as shown in Exhibit A.
<br />
<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 />
<br />Section 3: Allocates a transfer of $2,400,000 from the General Fund to the Streets CIP
<br />Fund and adjusts the budgets for the General Fund and other funds as presented in the table
<br />below. It also adjusts the contribution to the Livermore-Pleasanton Fire Department (LPFD)
<br />Workers’ Compensation Fund for $322,314, utilizing the LPFD year-end budget savings.
<br />
<br />FY 2024/25
<br />Recommended
<br />Budget
<br />Amendments
<br />
<br />Actual Amended
<br />Budget
<br />Recommended
<br />Budget
<br />Amendments
<br />
<br />Final Budget
<br />
<br />Rationale
<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 />
<br />H.O.M.E.
<br />Program
<br />
<br />$ (415,168)
<br />
<br />$ (143,156)
<br />
<br />$ (273,000)
<br />
<br />$ (416,156)
<br />Return of funds to Alameda County Housing
<br />&
<br />Community Development for repayment of
<br />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 District
<br />
<br />$ (228,843)
<br />
<br />$ (150,000)
<br />
<br />$ (78,900)
<br />
<br />$ (228,900)
<br />
<br />Higher maintenance costs
<br />Water Operations
<br />and Maintenance
<br />
<br />$ (34,847,423)
<br />
<br />$ (33,394,279)
<br />
<br />$ (1,454,000)
<br />
<br />$ (34,848,279) Increase in Zone 7 water purchase offset by
<br />higher revenues
<br />Recycled Water
<br />Operations and
<br />Maint
<br />
<br />$ (2,407,352)
<br />
<br />$ (2,031,926)
<br />
<br />$ (376,000)
<br />
<br />$ (2,407,926)
<br />
<br />Contribution to DERWA for capital projects
<br />Page 364 of 399
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