HomeMy WebLinkAboutReso - CC - 080-2021DocuSign Envelope ID: 5E5BE5C2-673E-4C6B-9727-6E216EA2D7F6
RESOLUTION NO. 080-2021
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING
OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF BURLINGAME
FISCAL YEAR 2021-22 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 12, 2021, and conducted a public hearing on June 21,
2021, 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 2021-22 fiscal year.
2. The City of Burlingame budget total is $117,684,734 and consists of the following:
a) General Fund:
$63,816,038
b) Capital Projects:
15,370,000
c) Water Enterprise:
15,128,916
d) Sewer Enterprise:
11,530,021
e) Parking Enterprise:
831,600
f) Building Enterprise:
2,735,663
g) Solid Waste Enterprise:
685,937
h) Landfill Post Closure
261,035
h) Financing Authority:
6,445,528
i) All other Funds:
879,996
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).
DocuSign Envelope ID: 5E5BE5C2-673E-4C6B-9727-6E216EA2D7F6
a 1 of .
n O'Brien Keighran,
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 21st day of June, 2021, and was adopted thereafter by the following vote:
AYES: Councilmembers: BEACH, BROWNRIGG, COLSON, O'BRIEN KEIGHRAN, ORTIZ
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE
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Meaghan Hassel -Shearer, City Clerk