HomeMy WebLinkAboutReso - CC - 065-2022DocuSign Envelope ID: 6BB48008-4C40-4D7A-9B8F-F98764F10B06
RESOLUTION NO. 065-2022
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING
OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF
BURLINGAME FOR FISCAL YEAR 2022-23 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 11, 2022, and conducted a public
hearing on June 6, 2022, 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 2022-23 fiscal year.
2. The City of Burlingame budget total is $129,111,543 and consists of the
following:
a) General Fund:
$67,603,240
b) Capital Projects:
21,905,000
c) Water Enterprise:
15,784,824
d) Sewer Enterprise:
11,968,804
e) Parking Enterprise:
971,572
f) Building Enterprise:
3,428,142
g) Solid Waste Enterprise:
740,687
h) Landfill Post Closure
272,018
h) Financing Authority:
6,178,471
i) All other Funds:
258,785
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: 6BB48008-4C40-4D7A-9B8F-F98764F10B06
Ricardo Ortiz, 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 6th day of June, 2022, and was adopted thereafter
by the following vote:
AYES: Councilmembers: BEACH, BROWNRIGG, COLSON, O'BRIEN KEIGHRAN, ORTIZ
NOES: Councilmembers: NONE
ABSENT: Councilmembers: NONE
Meaghan Hassel -Shearer, City Clerk