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HomeMy WebLinkAboutReso - CC - 057-2020DocuSign Envelope ID: 570D84FA-334E-4E8B-B588-E9ClAD9ECC4A RESOLUTION NO. 057-2020 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME APPROVING ADJUSTMENTS TO ESTIMATED REVENUES AND APPROPRIATIONS FOR THE FISCAL YEAR 2019-20 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 amend the current Fiscal Year 2019-20 Budget as outlined below to reflect actual fiscal conditions and projections outlined in the budget review report: Amendments to Estimated Revenues: General Fund: Property Tax 595,500 Sales and Use Tax (2,630,000) Transient Occupancy Tax (6,150,000) Other Taxes - Franchise Tax (30,000) Other Taxes - Business Licenses (120,000) Other Taxes - Real Property Transfer Tax (60,000) Charges for Services (1,253,000) Fines, Forfeitures & Penalties (270,000) Other Funds: Gas Tax - Highway User's Tax (113,700) Gas Tax - Road Repair & Accountability Act (58,500) Measure A (100,000) Sewer Service Charges (1,755,000) Parking Enterprise - Parking Fees (597,500) Parking Enterprise - Monthly Parking Permits (110,000) Parking Enterprise - EV Charging Revenues (10,000) Amendments to Appropriations: General Fund: City Council 250,000 Economic Development 505,000 DocuSign Envelope ID: 570D84FA-334E-4E8B-B588-E9ClAD9ECC4A Amendments to Capital Improvement Project Budgets: Parks & Trees Capital Improvement Protects: Transfer remaining balance from the Washington Park Playground & Sports Court Project (85670) to Facility Capital Project Fund for the Community Center Project Facility Capital Improvement Projects: Community Center Project (83240 — current budget $420,000) Capital Investment Reserve Reduction to Fund the Community Center Project Debt Service Fund Restricted for the Community Center Project Mayor (383,10 0) 4%�:icl:�:IiA7 (12,527,000) (38,928,500) EDocuSigned by: � e6&L- nnFF���so�anggn I, MEAGHAN HASSELL-SHEARER, 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 13th day of May, 2020 and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, O'BRIEN KEIGHRAN, ORTIZ NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE ed by: E�07` 4,ssel--Scea e,- snasacs�soF7aas City Clerk