HomeMy WebLinkAboutReso - CC - 067-2025RESOLUTION NO. 067-2025
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME ADOPTING
OPERATING AND CAPITAL IMPROVEMENT BUDGETS FOR THE CITY OF BURLINGAME
FOR FISCAL YEAR 2025-26 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 21, 2025, and conducted a public hearing on June 16,
2025, 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 2025-26 fiscal year.
2. The City of Burlingame budget total is $162,152,166 and consists of the following:
a) General Fund: $85,837,852
b) Capital Projects: 27,159,920
c) Water Enterprise: 19,035,654
d) Sewer Enterprise: 13,422,339
e) Parking Enterprise: 1,390,530
f) Building Enterprise: 4,606,935
g) Solid Waste Enterprise: 974,011
h) Landfill Post Closure 381,322
h) Financing Authority: 5,713,867
i) All other Funds: 3,629,736
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: DEA0D285-3AA2-4424-9CA6-538880285E63
_____________________________
Peter Stevenson, 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 16th day of June, 2025, and was adopted thereafter by the following vote:
AYES: Councilmembers: Brownrigg, Colson, Pappajohn. Stevenson, Thayer
NOES: Councilmembers: None
ABSENT: Councilmembers: None
_____________________________
Meaghan Hassel-Shearer, City Clerk
Docusign Envelope ID: DEA0D285-3AA2-4424-9CA6-538880285E63