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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. <br /> <br />SECOND QUARTER 1991-92 FINANCIAL I~DORT AND <br />MIDYEAR REVIEW <br /> <br />each quarter a report of financial condition is presented <br />to Council which includes any staff recommendations for <br />budget amendments and technical corrections or actions <br />needed; and <br /> <br />staff presented to Council such a report (SR 92:125) for <br />the second quarter of 1991-92; and <br /> <br />the second quarter marks the midyear point, and <br />therefore, staff performed a more thorough "Midyear <br />Review"; and <br /> <br />as a result of that review, staff made numerous <br />recommendations for budget amendments as outlined in that <br />report. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTONRESOLVES <br />AS FOLLOWS: <br /> <br /> That the 1991-92 Operating Budget be amended, as <br />detailed in Tables 1-5 in the attached appendix, to <br />reflect: An increase in revenue projections by $796,197, <br />from $51,608,372 to $52,404,569; a decrease in <br />expenditure appropriations by $1,185,949, from <br />$50,130,020 to $48,944,071; and a net increase in <br />transfers in by $65,500. <br /> <br />Section 2: That a Reserve for Carryovers be established in the <br /> General Fund in the amount of $1,724,798 designated for <br /> the purposes described in Staff Report 92:125. <br /> <br />~_9_~: That the 1991-92 Capital Improvement Budget.be amended <br /> as detailed in Tables 6-10 in the attached appendix, to <br /> reflect= An increase in revenue projections by $658,408, <br /> from $9,414,802 to $10,073,210; a decrease in expenditure <br /> appropriations by $500,179, from $21,894,243 to <br /> $21,394,064; and a net decrease in transfers in by <br /> $348,510. <br /> <br />Section 4: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br /> <br />