HomeMy WebLinkAboutReso - CC - 069-2016RESOLUTION NO. 69-2016
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING
OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF BURLINGAME
FOR FISCAL YEAR 2016-17 AND AUTHORIZING THE FINANCE DIRECTORITREASURER
TO ASSIGN USES TO FUND BALANCE AMOUNTS IN COMPLIANCE WITH STATEMENT
54 OF THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB)
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 11, 2016, and conducted a public hearing on June 20,
2016, and the Council has received and considered all testimony and documentation submitted
in connection with the proposed budget; and
WHEREAS, GASB 54 requires governmental 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 of the City Clerk,
are approved and adopted for the 2016-17 fiscal year.
2. The City of Burlingame budget total is $108,025,768 and consists of the following:
a) General Fund:
$52,131,328
b) Capital Projects:
19,135,000
c) Water Enterprise:
14,528,578
d) Sewer Enterprise:
10,572,671
e) Parking Enterprise:
563,037
f) Building Enterprise:
1,697,026
g) Solid Waste Enterprise:
564,405
h) Landfill Post Closure
244,607
h) Financing Authority:
8,008,965
i) All other Funds:
520,151
3. The City Council authorizes the Finance Director/Treasurer to assign uses to fund
balance amounts in compliance with Statement 54 of the Governmental Accounting
Standards Board (GASB).
I, Meaghan Hassel -Shearer, City Clerk of the City of Burlingame, do hereby certify that
the foregoing Resolution was introduced at a regular meeting of the Burlingame City Council
held on the 20th day of June, 2016, and was adopted thereafter by the following vote:
AYES: Councilmembers: BEACH, BROWNRIGG, COLSON, KEIGHRAN, ORTIZ
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE
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eagha Has Shearer, Clerk