HomeMy WebLinkAboutReso - CC - 084-2020DocuSign Envelope ID: 023B6F67-BD3B-4432-BCFD-A1C14B720768
RESOLUTION NO. 084-2020
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING
OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF
BURLINGAME FISCAL YEAR 2020-21 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 that
details the City's planned expenditures in light of its expected revenues; and
WHEREAS, the City Council has received the initial budget from the City
Manager, conducted a public study session on May 13, 2020, received a follow-up
budget proposal on June 1, 2020, and conducted a public hearing on June 15, 2020,
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 2020-21 fiscal year.
2. The City of Burlingame budget total is $115,483,968 and consists of the
following:
a) General Fund:
$63,294,879
b) Capital Projects:
14,105,000
c) Water Enterprise:
15,329,401
d) Sewer Enterprise:
11,296,611
e) Parking Enterprise:
825,472
f) Building Enterprise:
2,461,875
g) Solid Waste Enterprise:
893,975
h) Landfill Post Closure
258,414
h) Financing Authority:
6,634,393
i) All other Funds:
383,948
1. 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).
DocuSign Envelope ID: 023B6F67-BD3B-4432-BCFD-A1C14B720768
DocuSigned by:
B §8
Emily Beach, Mayor
I, Meaghan Hassel -Shearer, 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 15th day of June, 2020, and was adopted thereafter
by the following vote:
AYES: Councilmembers: BEACH, BROWNRIGG, COLSON, O'BRIEN
KEIGHRAN, ORTIZ
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE
DocuSignedb//y:
B484e3 ...
Meaghan Hassel -Shearer, City Clerk