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Page 13 of 13 <br />years due to rising operating costs and revenue limitations. Based on the underlying <br />assumptions, the baseline scenario forecast projects annual deficits of $5.93 million to $9.99 <br />million. Please refer to the Baseline Long-Term Financial Forecast attached to the staff report <br />for more details. <br /> <br />EQUITY AND SUSTAINABILITY <br />Ensuring the long-term fiscal sustainability of the City’s organization ensures that the City can <br />continue to provide programs and services to serve all of Pleasanton's diverse communities. <br /> <br />OUTREACH <br />No outreach was conducted, as this item is an administrative matter of City business. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this action advances the ONE Pleasanton strategic goal of Funding Our Future, <br />which is focused on fiscal sustainability. <br /> <br />FISCAL IMPACT <br />The recommended adjustments to various funds and the financial impact to each fund are <br />outlined in Exhibit A. The discussion section of this report also summarizes the recommended <br />adjustments and their respective impacts to the budget and fund balances. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Chris Yi, Financial Services <br />Manager <br />Susan Hsieh, Director of Finance <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Attachment 1 - Resolution <br />2. Exhibit A to Resolution - Budget Adjustment Summary <br />3. Attachment 2 - Ten-Year Financial Forecast - Baseline Scenario <br />4. Attachment 3 - FY26 Mid-Year Budget Review and General Fund Forecast Presentation <br /> <br />Page 82 of 144