HomeMy WebLinkAboutReso - CC - 094-2003CITY OF BURLINGAME
NEW BUDGET AMENDMENT - REVENUES AND APPROPRIATIONS
DEPARTMENT: FINANCE
DATE: August 4, 2003
1. INCREASE REVENUES AND EXPENDITURES AS LISTED BELOW:
FUND
DEPT
OBJT
PROJ
AMT
DESCRIPTION
Rev:
101
32500
$50,000
New Revenue from Golf Center Operations Agreement
101
36321
$65,564
Increase in Revenue from Library Agreement with
Town of Hillsborough
Exp:
101
64400
011
16,800
Reinstatement of Planning Commission Monthly
Stipends
Justification (Attach Memo if Necessary)
See Council Staff Report:
"Budget Amendment No. 1 For FY 2003-04" DEPA ENT HEAD G
BY: DATE: L ZOd�
2.❑ COUNCIL ACTION REQUIRED ❑COUNCIL
Remarks:
A ION NT REQUIRED
FINANCE DIRECTOR
BY: DATE
3. ❑APPROVE AS REQUESTED ❑APPROVE AS REVISED ❑DISAPPROVE
Remarks:
CITY MANAGER
BY: DATE:
RESOLUTION 94-2003
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF BURLINGAME
APPROVING TRANSFER OF FUNDS FOR FISCAL YEAR 2003-04
RESOLVED, by the City Council of the City of Burlingame, that
WHEREAS, the Department hereinabove named in the Request for Appropriation, Allotment or Transfer of Funds has
requested the transfer of certain funds as described in said Request: and
WHEREAS, the Finance Director has approved said Request as to accounting and available balances, and the City Manager
has recommended the transfer of funds as set forth hereinabove:
NOW, THEREFORE, IT IS HEREBY ORDERED AND DETERMINED that the recommendations of the City Manager be
approved and that the transfer of funds as set forth in said Request be effected.
YOR
I, ANN T.MUSSO, City Clerk of the City of Bu�l�r�ame, do I�ereertify�tdjhe foregoing resolution was introduced
at a regular meeting of the City Council held on the day of='sand was adopted thereafter by the
following vote:
AYES: COUNCILMEMBERS COFFEY, GALLIGAN, JANNEY, OrMAHONY
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS RAYLOCK
CITY CLERK
L:\Forms & Templates\Transfer Request.doc
X.-. CITY STAFF RFPORT
To: HONORABLE MAYOR AND CITY COUNCIL
DATE: August 4, 2003
FRoM: Jesus Nava, Finance Director
558-7222
SUBJECT: Budget Amendment No. 1 for FY 2003-04
RECOMMENDATION:
AGENDA 9b
ITEM #
MTG. 8/4/03
DATE
SUBMITT�
BY
APPR VEDBY n /
That the City Council approve a Resolution amending the FY 2003-04 Annual Budget.
BACKGROUND:
The proposed budget amendments are as follows:
Increase in Revenues:
Adopted FY 2003-04 Revenues:
Golf Center Operations Agreement
Library Agreement with Hillsborough
New FY 2003-04 Revenues:
$70,279,587
$ 50,000 (101 -New Code)
$ 65,564 (101-36321)
$70,395,151
The adopted budget eliminated the Burlingame Golf Center. The City Council approved a new operating
agreement with VB Golf 11 on July 7, 2003. The agreement provides $50,000 in revenue for the general fund.
The Council approved a Library Services Agreement with Hillsborough on July 7, 2003. Hillsborough agreed
to pay $50.47 per capita for library services for annual revenue of $369,414. The adopted budget projected
revenue of $303,850, a 3% increase in the FY 02-03 amount of $295,000. The new agreement increases
general fund revenues by $65,564.
Increase in Expenditures:
Adopted FY 2003-04 Expenditures:
$70,279,587
Reinstatement of Planning Commission Monthly Stipend $ 16,800 (101-64400-011)
New FY 2003-04 Expenditures:
$70,296,387
The City Council voted to continue providing a $200 per month stipend for Planning Commissioners.