HomeMy WebLinkAboutReso - CC - 049-2013RESOLUTION NO. 49-2013
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING
OPERATING AND CAPITAL IMPROVEMENT BUDGETS
FOR THE CITY OF BURLINGAME FISCAL YEAR 2013-14 AND AUTHORIZING THE
FINANCE DIRECTOR/TREASURER 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 which
details the City's planned expenditures in light of its expected revenues; and
WHEREAS, the City Council has received the proposed budget from the City
Manager, conducted public study session on May 20, 2013 and conducted a public
hearing on June 3, 2013, 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 hereby approved and adopted for the 2013-14 fiscal year.
2. The City of Burlingame budget total is $100,269,015 and consists of the
following:
a) General Fund:
$41,850,938
b) Capital Projects:
23,372,000
c) Water Enterprise:
13,422,383
d) Sewer Enterprise:
9,771,287
e) Parking Enterprise:
1,340,203
f) Building Enterprise:
1,450,892
g) Solid Waste Enterprise:
819,269
h) Financing Authority:
7,119,357
i) All other Funds:
1,122,686
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).
DL-, 4jL
Ann eighr ayor
I, Mary Ellen Kearney, 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 3rd day of June, 2013, and was adopted thereafter by the following
vote:
AYES: Councilmembers: BAYLOCK, BROWNRIGG, DEAL, KEIGHRAN, NAGEL
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE
G
Mary41enrney, City Ierk