Loading...
HomeMy WebLinkAboutReso - CC - 014-2014RESOLUTION NO. 14-2014 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME APPROVING THE CREATION OF THE LANDFILL FUND, SOLID WASTE OPERATING FUND GENERAL LIABILITY INTERNAL SERVICES FUND, WORKER'S COMPENSATION INTERNAL SERVICES FUND, AND OPEB INTERNAL SERVICES FUNDS AND APPROVING ADJUSTMENTS TO ESTIMATED REVENUES AND APPROPRIATIONS IN THE FISCAL YEAR 2013-14 BUDGET RESOLVED, by the CITY COUNCIL of the City of Burlingame, California and this Council does hereby APPROVE and AUTHORIZE the Finance Director &Treasurer to: 1. Bifurcate the Solid Waste Fund to establish the Landfill Fund and the Solid Waste Operating Fund; 2. Bifurcate the Risk Management Internal Services Fund to establish the General Liability Internal Services Fund and the Worker's Compensation Internal Services Fund; 3. Establish the OPEB Internal Services Fund, and 4. Amend the current Fiscal Year 2013-14 Budget as outlined below to reflect actual fiscal conditions and projections outlined in the Mid -Year Report: General Fund Revenues: Property Tax $834,203 Sales and Use Tax 185,000 Transient Occupancy Tax 1,530,000 Franchise Tax 1277000 Real Property Transfer Tax (31,000) Fines & Penalties (123,000) Use of Money & Property (35,000) Charges for Services 353,311 State Subventions (42,988) Expenditures: City Attorney $50,000 Elections (10,000) Finance 5,000 Police 12,000 Public Works — Engineering (76,000) Community Dev - Planning 125,000 Library 633000 Parks 301000 Recreation 9500 Transfers: Transfer to OPEB Trust Fund (ISF) $(6,600,000) Transfer to Solid Waste Fund 250,000 Transfer to CIP Fund 40,000 Other Funds Revenues: Burlingame Ave. Assessment District $4,000 Building Fund 5262000 Gas Tax Fund 24,000 Water Fund 116,000 Sewer Fund 63,000 Solid Waste Operation Fund 3707000 Parking Enterprise 121,000 General Liability Fund (ISF) 12,000 Worker's Compensation Fund (ISF) 48,000 Equipment Services Fund (ISF) 422000 Admin/Info Technology Fund (ISF) 4,000 Development Fee Fund 52000 Storm Drain Fund 34,000 Expenses: General Liability Fund (ISF) Sewer Fund Facilities Fund (ISF) Burlingame Avenue Assessment District OPEB Trust Fund (ISF) Admin/Info Technology Fund (ISF) Transfers: Transfer from General Fund (to OPEB Trust ISF) Transfer from General Fund (to Solid Waste Fund) Transfer from General Fund (to CIP Fund) f Mayor $80,000 20,000 57,000 20,000 6,600,000 4,000 $6,600,000 (250,000) (40,000) I, MARY ELLEN KEARNEY, 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 5th day of March, 2014 and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BROWNRIGG, DEAL, KEIGHRAN, NAGEL, ORTIZ NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE City Clerk