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HomeMy WebLinkAboutReso - CC - 020-2025Docusign Envelope ID: E6329E9C-4301-49B6-9F92-85B191EOFF15 RESOLUTION NO. 020-2025 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME APPROVING ADJUSTMENTS TO ESTIMATED REVENUES AND APPROPRIATIONS FOR THE FISCAL YEAR 2024-25 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 2024-25 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 Sales and Use Tax Transient Occupancy Tax Franchise Tax Business License Real Property Transfer Tax Licenses & Permits Fines, Forfeitures, and Penalties Use OF Money & Property Charges for Services Interest Income Total General Fund Revenue Amendments Other Funds: 2,530,000 480,000 (1,000,000) (60,000) 100,000 (100,000) 12,000 70,000 (750,000) 930,000 700,000 2.9 22,000 Parking Enterprise 234,050 Total Other Funds Revenue Amendments 234,050 Docusign Envelope ID: E6329E9C-4301-49B6-9F92-85B191EOFF15 Amendments to Appropriations: General Government Public Safety Public Works Leisure & Culture Total General Fund Appropriation Amendments Other Funds: Water Enterprise Fund Sewer Enterprise Fund 65,000 618,000 50,000 157,600 890,600 17,700 72,500 Total Other Funds Appropriation Amendments 90,200 Revisions to Transfers In / Out: Transfer Out from General Fund to Facilities CIP Fund Transfer Out from Water Enterprise Fund to General Fund Transfer Out from Sewer Enterprise Fund to General Fund Transfer Out from Solid Waste Enterprise Fund to General Fund Transfer Out from Building Enterprise Fund to General Fund Transfer Out from Public Facilities Impact Fee to General Fund Transfer Into General Fund Transfer Into Facilities CIP Fund Total Transfers In/ Out Revisions Mayor 1,817,040 18,930 18,930 7,280 331,960 50,000 427,100 1,817,040 2,244,140 rtfCr SfWtAAS6V1, Docusign Envelope ID: E6329E9C-4301-49B6-9F92-85B191EOFF15 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 12th day of March, 2025 and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BROWNRIGG, COLSON, PAPPAJOHN, STEVENSON, THAYER NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE City Clerk