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HomeMy WebLinkAboutReso - CC - 029-2024RESOLUTION NO. 029-2024 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME APPROVING ADJUSTMENTS TO ESTIMATED REVENUES AND APPROPRIATIONS FOR THE FISCAL YEAR 2023-24 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 2023-24 Budget as outlined below to reflect actual fiscal conditions and projections outlined in the Mid-Year Report: Amendments to Estimated Revenues: General Fund: Property Tax (568,000) Sales and Use Tax (371,000 Transient Occupancy Tax 909,000 Other Taxes – Business License 100,000 Fines, Forfeitures and Penalties (80,000) Use OF Money & Property 15,000 Charges for Services 840,370 Other Revenue 340,000 State Subventions 35,370 Interest Income 200,000 Total General Fund Revenue Amendments 1,420,740 Other Funds: Gas Tax - Highway User's Tax (67,240) Street CIP – Measure W Grant 200,000 Parking Enterprise – EV Charging Station Revenue 20,000 Landfill Closure 20,000 Building Enterprise – Building Permit and Other Revenue 2,810,000 OPEB Internal Services Fund 509,250 Total Other Funds Revenue Amendments 3,492,010 DocuSign Envelope ID: 18609F8E-A3D5-4793-8D64-744A194D9F9D Amendments to Appropriations: General Fund: General Government 268,155 Public Safety 635,800 Public Works 266,992 Community Development 100,030 Leisure & Culture 219,167 Total General Fund Appropriation Amendments 1,490,144 Other Funds: Water Enterprise Fund 177,246 Sewer Enterprise Fund 88,029 Parking Enterprise Fund 7,981 Solid Waste Enterprise Fund 12,886 Landfill Fund 146,830 Building Enterprise Fund 46,525 Facilities Services Fund 120,429 Fleet/Equipment Service Fund 13,611 Information Services Fund 3,390 Total Other Funds Appropriation Amendments 616,927 Revisions to Transfers In / Out: Transfer Out from General Fund to Special Revenue Fund (5,000) Transfer Out from General Fund to Parks &Trees CIP 55,000 Transfer Out from General Fund to Street CIP 30,000 Transfer Out from Measure A Fund to Street CIP 60,000 Transfer Out from Parking Fund to Facilities CIP 35,000 Transfer Out from Public Facilities Impact Fee to Facilities CIP 130,000 Transfer Out from Solid Waste Fund to Landfill Fund 1,000,000 Transfer Into Special Revenue Fund (5,000) Transfer Into Parks & Trees CIP 55,000 Transfer Into Street CIP 90,000 Transfer Into Facilities CIP 165,000 Transfer Into Landfill Fund 1,000,000 Total Transfers In/ Out Revisions 1,305,000 DocuSign Envelope ID: 18609F8E-A3D5-4793-8D64-744A194D9F9D _____________________________ Donna Colson, Mayor 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 March, 2024 and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BEACH, BROWNRIGG, COLSON, ORTIZ, STEVENSON NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE _____________________________ Meaghan Hassel-Shearer, City Clerk DocuSign Envelope ID: 18609F8E-A3D5-4793-8D64-744A194D9F9D