HomeMy WebLinkAboutReso - CC - 017-2016RESOLUTION NO, 17-2016
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME
APPROVING ADJUSTMENTS TO ESTIMATED REVENUES AND APPROPRIATIONS
IN THE FISCAL YEAR 2015-16 BUDGET
WHEREAS the City Council of the City of Burlingame has reviewed and considered the
City's mid -year fiscal analysis; NOW THEREFORE
RESOLVED, by the CITY COUNCIL of the City of Burlingame, California and this
Council does hereby APPROVE and AUTHORIZE the Finance Director & Treasurer to
amend the current Fiscal Year 2015-16 Budget as outlined below to reflect actual fiscal
conditions and projections outlined in the Mid -Year Report:
Amendments to Estimated Revenues:
General Fund:
Property Tax
$ 816,400
Sales and Use Tax
1,659,000
Transient Occupancy Tax
2,100,000
Other Taxes — Franchise Tax
19,000
Other Taxes — Business Licenses
(27,000)
Other Taxes — Real Property Transfer
Tax
112,000
Licenses and Permits
2,000
Fines, Forfeitures and Penalties
(129,000)
Use of Money and Property
14,500
Charges for Services
140,700
Other Revenue
16,500
State Subventions
(18,000)
Interest Income
(77,000)
Other Funds:
Measure A 24,000
Gas Tax (HUTA) 38,000
General Fund Transfers In (Out):
Transfer to Capital Projects Fund - Streets
(from General Fund)
$(250,000)
Transfer from General Fund - Streets (to
Capital Projects Fund)
250,000
Transfer to Capital Projects Fund - Renewal
and Replacement Reserve (from General
Fund)
(2,500,000)
Transfer from General Fund (to Capital
Projects Fund — Renewal and Replacement
Reserve)
2,500,000
Amendments to Appropriations:
General Fund:
Finance $ (66,000)
Police 365,000
Recreation 52,000
Other Funds:
Street CIP $ 250,000
C;�4 4
Mayor
I, MEAGHAN HASSELL-SHEARER, City Clerk of the City of Burlingame, do hereby
certify that the foregoing Resolution was adopted at a special meeting of the City
Council held on the 16th day of March, 2016 and was adopted thereafter by the
following vote:
AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, KEIGHRAN, ORTIZ
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
/City Clerk