HomeMy WebLinkAboutReso - CC - 088-2018RESOLUTTON NO. 088-2018
WHEREAS, each year the City of Burlingame prepares an annual budget that
details the City's planned expenditures in light of its expected revenues; and
WHEREAS, the City Council has received the initial budget from the City
Manager, conducted a public study session on May 9, 2018, and conducted a public
hearing on June 18,2018, and the Council has received and considered all testimony
and documentation submitted in connection with the proposed budget; and
WHEREAS, GASB 54 requires govemmental fund balances to be reported using
five categories, which take into consideration the makeup and intended use of the
various fund balances;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BURLINGAME
DOES HEREBY RESOLVE AND ORDER AS FOLLOWS:
1 . The City of Burlingame operating and capital improvement budget
requirements for the coming year as detailed in the copy of the Budget on file in the
Office ofthe City Clerk are hereby approved and adopted for the 2018-19 fiscal year.
2. The City of Burlingame budget total is $116,051,{54 and consists of the
following:
$58,274,8',t2
22,100,000
14,865,720
10,91s,726
792,492
2,137,350
797,284
258,O04
4,747,600
1,162,166
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAi'IE ADOPTING
OPERATING AND CAP]TAL IMPROVEMENT BUDGETS FOR THE C]TY OF
BURLINGAME FOR FISCAL YEAR 20I8.{9 AND AUTHORIZING THE FINANCE
DIRECTOR/TREASURER TO ASSIGN USES TO FUND BALANCE AMOUNTS IN
COMPLIANCE WITH STATEMENT 'I OF THE GOVERNMENTAL AGCOUNTING
STANDARDS BOARD (GASB)
a) General Fund:
b) Capital Projects:
c) Water Enterprise:
d) Sewer Enterprise:
e) Parking Enterprise:
f) Building Enterprise:
g) Solid Waste Enterprise:
h) Landfill Post Closure
h) Financing Authority:
i) All other Funds:
3. The City Council hereby provides the Finance Director/Treasurer the authority
to assign uses to fund balance amounts in compliance with Statement 54 of the
Governmental Accounting Standards Board (GASB).
Michael Brown Mayor
l, Meaghan Hassel-Shearer, City Clerk of the City of Burlingame, ce that the
foregoing Resolution was introduced at a regular meeting of the Burlingame City Council
held on the 18th day of June, 2018, and was adopted thereafter by the following vote:
AYES:
NOES:
ABSENT:
Councilmembers: BEACH, BROWNRIGG, COLSON, KEIGHRAN
Councilmembers: NONE
Councilmembers: ORTIZ
r, City Clerk