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HomeMy WebLinkAboutReso - CC - 050-2006RESOLUTION NO. 50-2006 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF BURLINGAME FISCAL YEAR ENDING JUNE 30, 2007 RESOLVED by the CITY COUNCIL of the CITY OF BURLINGAME that: WHEREAS, the City prepares an annual budget to plan expenditures in light of expected revenues; and WHEREAS, the City Council has received the proposed budget from the City Manager, conducted public study sessions on March 1, 2006, May 15, 2006, and May 31, 2006, and conducted a public hearing on June 19, 2006, and the Council has received and considered all testimony and documentation submitted in connection with the budget; and WHEREAS, the proposed budget as submitted and amended makes wise choices in spending and funding among competing programs and services, NOW, THEREFORE, IS ORDERED AS FOLLOWS: 1. The operating and capital improvement budget requirements for the coming year of the City of Burlingame as detailed in the copy of the Budget on file in the Office of the City Clerk are hereby adopted for the City of Burlingame for the fiscal year ending June 30, 2007. 2. The budget total is $73,600,697 and consists of: General Fund of $39,126,285; Water, Sewer, Parking, and Waste Enterprises $21,584,758; Capital Improvement Fund $11,230,000; and Financing Authority and Shuttle Grant $1,659,654. Mayor