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RESOLUTION NO. 2026-038 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> ACCEPTING THE FISCAL YEAR 2026/27 MID-TERM UPDATE FOR OPERATING <br /> AND CAPITAL BUDGET AND APPROVING A REVISED FIVE-YEAR WATER <br /> CAPITAL IMPROVEMENT PROGRAM <br /> WHEREAS, the City adopted the FY 2025/26 — FY 2026/27 Two-Year Operating and <br /> Capital Budget, including the Five-Year Capital Improvement Program on June 17, 2025; and <br /> WHEREAS, it is fiscally prudent to review the Two-Year Operating and Capital Budget to <br /> refine revenue projections and expenditures; and <br /> WHEREAS, at a public hearing on May 19, 2026, staff presented a report detailing the <br /> recommended Mid-Term Operating and Capital Budget adjustments for FY 2026/27, including a <br /> revised five-year water capital improvement program. <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES <br /> RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1: Adopts the Mid-Term Operating and Capital Budget adjustments for FY <br /> 2026/27, including a revised five-year water capital improvement program (Exhibit B), and FY <br /> 2026/27 Mid-Term Update Operating and Capital Budget (Exhibit A). <br /> SECTION 2: Authorizes revenue, transfer and expenditure adjustments to the FY <br /> 2026/27 Adopted Operating and Capital Budget. <br /> SECTION 3: Approve a revised five-year water capital improvement program for debt <br /> issuance purposes. <br /> SECTION 4: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on May 19, 2026. <br /> {Signatures to follow on next page} <br />