[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":44,"_46":47,"_48":49,"_50":51,"_52":53,"_54":55,"_56":57,"_58":59,"_60":61,"_62":63,"_64":65,"_66":67,"_68":69,"_70":71,"_72":73,"_74":73},"mediaId",5974425,"mediaKeyId","5841162-6d9b13cbf83c7b28439141a6ab9f1319","parentId",5841162,"title","Town shows online financial portal, reports investments and audit timing to new finance committee","audioSeconds",0,"startMs",3993000,"endMs","viewUrl","/Search/View?dp=1&key=5841162-6d9b13cbf83c7b28439141a6ab9f1319&start=3993&end=3993","thumbnailUrl","https://assets.pipeline.soar.com/5841162-6d9b13cbf83c7b28439141a6ab9f1319/thumbnail_3993000.jpg","articleUrl","/articles/5974425/California/Town-shows-online-financial-portal-reports-investments-and-audit-timing-to-new-finance-committee","mediaUrl","https://secure.pipeline.soar.com/5974425-17d89fcc20d829f993b25db26f12a4aa/orig.mp4?Expires=1773588060&Signature=GsTqQ5zwPTkz-I215NQ-~GA0DdNKETIa4zaJNNNf~79eBpS1jJNQmZMeToUszFtni5RxNTwR-AggzzMwfvgfOl~M2HL3ulVw5wRZbaN5bxT3ufBGgLMivkecLoAzBYeSMzRTgU65uvAoRvX~SaP-Fh6vrWD5U4uwUfajAnuOd1sOj3KsmaFh1GkyrkuTA5gaqZrGQ2ifRDq5iU2iThTuKmklkDcxNBuoChvE8LRiEWnBXCmsJl~WsvUZEzFGYeij9U9HcgTeI8NaY09OIznvdbj5hPLt~gfSX~YHHmDdEud3lCcsFuMI5sqfRsNGyiwhZPEnOYNJFvkhhINs-W2sTg__&Key-Pair-Id=KUT5TJCACFTXG","author","Town of Corte Madera, California","date","2025-09-25T00:00:00Z","article","Staff demonstrated the town's financial transparency portal and reporting tools to the Finance Advisory Committee and described recent treasury and audit activity.
Lorena Barrera and Finance Director Chris Petlock walked members through the town website and the linked transparency portal, which staff said is connected to the town's financial software and updates nightly. Petlock showed that the portal displays budget columns and year-to-date figures, and he encouraged members to use the portal to track revenues, expenditures and trends.
On treasury matters, Petlock provided the quarterly investment (treasurer's) report as of June 30 and said the operating account at Bank of Marin currently does not earn interest; staff are sweeping funds to a money-market account that is yielding about 4.6 percent. Petlock said staff have explored other banking arrangements and sweep accounts with the bank.
Petlock also reviewed adopted policies, including the town's investment policy (safety, then liquidity, then yield), debt management policy and reserve policies. He said audits for the town and Sanitation District 2 are prepared annually and staff plans to have audited financial statements available to the council by December.
Committee members asked about receiving regular quarterly reports; staff confirmed that September 30 and other quarterly reports will be presented to the committee and that the committee can request different report levels or additional detail.","mediaType","Video","parentTitle","Corte Madera Finance Advisory Committee September 24, 2025","oneSentenceSummary","Staff demonstrated Corte Madera's financial transparency portal, described quarterly investment reporting and audit timing, and noted operational cash, bank arrangements and adopted investment and debt policies.","taxTitle","Corte Madera Town, Marin County, California","taxId",72211,"location","California","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_46":81,"_48":82,"_50":83,"_52":84,"_54":55,"_56":57,"_58":85,"_60":61,"_62":63,"_64":86,"_66":67,"_68":69,"_70":71,"_72":73,"_74":73},5974431,"Paradise Pump Station rehab pegged at $78M; sanitation projects, COPs and flood infrastructure discussed",2619,906000,3525000,"/Search/View?dp=1&key=5841162-6d9b13cbf83c7b28439141a6ab9f1319&start=906&end=3525","https://assets.pipeline.soar.com/5841162-6d9b13cbf83c7b28439141a6ab9f1319/thumbnail_906000.jpg","/articles/5974431/California/Paradise-Pump-Station-rehab-pegged-at-78M-sanitation-projects-COPs-and-flood-infrastructure-discussed","https://secure.pipeline.soar.com/5974431-2e787481c667868e61260c136e650f43/orig.mp4?Expires=1773588060&Signature=IFnV0ophHbkX8haMKKOHFE3~xUIDwr-XOluu3FL4ofB~Tzrvd0ZA~A4RNOxm9iRS7tef4Bm5E7CwUm3rWCjeoHON4sZ4-0vU9vJXVERtKeMKUdzaV0XtJnrNeDlCTocAhB15jJ38nhVReZ02Zjskm6OXJK~NSx6SSpUdpNf5V9NpHGTMweheDMP2SsABoqnEEB-av-tKR4u2K9DqL3kQR7BzYvXlB7kCbwmAPKqkiPXhoENlDru71uYDZpj5YON9O9W2vihpLfbR5HQoHO6cztUkZkxdenYmZHze9npRmUJbu9vMlS5Bh6MHyQe9LoKaEv6w1zfc1Hsl7Vo7xgCiLw__&Key-Pair-Id=KUT5TJCACFTXG","Finance staff and the Town Manager updated the Finance Advisory Committee on the town's five-year capital program and funding approach, including large projects tied to sewer and flood infrastructure.
Adam Wolf and Finance Director Chris Petlock described the Paradise Pump Station rehabilitation as a major sanitary-sewer infrastructure project with an estimated cost of about $78,000,000. Petlock also identified the Shorebird Marsh pump station as a separate flood-control pump project with preliminary costs in the $7 million to $8 million range.
Petlock explained that the town and its Sanitation District 2 previously sold approximately $10,000,000 in certificates of participation (COPs) to fund utility capital work and may issue additional COPs in 2026-27. He said Sanitation District 2 is capital intensive, that its master plan included infrastructure repairs and additions, and that the district implemented a five-year rate increase to finance work over time. The committee discussed the need for staged financing and smoothing rate impacts for ratepayers.
Wolf and Petlock told members that the town is planning significant climate-adaptation work such as bay-side berms and street-under-grounding projects (Christmas Tree Hill) and that staff intends to pursue grant funding and advanced design work to make projects \"shovel-ready\" when grants become available. Staff noted that not all funding for long-range projects has been identified and that prioritization will be required.
Committee members asked about adequacy of infrastructure relative to projected sea-level rise. Petlock said master-plan studies included the best-available projections at the time but that more detailed, ongoing analysis will be required as projections evolve.","Staff briefed the committee on major capital projects including a $78 million rehabilitation of the Paradise Pump Station, sanitation- and flood-related pump-station work, and the use of certificates of participation to fund major utility projects. Staff emphasized the need to pursue grant funding for large climate-adaptation projects.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_46":93,"_48":94,"_50":95,"_52":96,"_54":55,"_56":57,"_58":97,"_60":61,"_62":63,"_64":98,"_66":67,"_68":69,"_70":71,"_72":73,"_74":73},5974436,"Corte Madera staff brief committee: $27 million in town revenues, conservative budgeting, pension and reserve questions",1210,1052000,2262000,"/Search/View?dp=1&key=5841162-6d9b13cbf83c7b28439141a6ab9f1319&start=1052&end=2262","https://assets.pipeline.soar.com/5841162-6d9b13cbf83c7b28439141a6ab9f1319/thumbnail_1052000.jpg","/articles/5974436/California/Corte-Madera-staff-brief-committee-27-million-in-town-revenues-conservative-budgeting-pension-and-reserve-questions","https://secure.pipeline.soar.com/5974436-5a8bc0cfacb8d6ddb66eea57100bf45c/orig.mp4?Expires=1773588060&Signature=cQd~jAl8ogKlurTY-SIH0S9AK9~uXxsX8XE-nKBwlP7csqaZGgJTsJJz0nW6fxtBNyJEYMh-ZlItRwksjJvWJeOKBPMNNAi~0gSpedwITASz5M9AZXpPdyPOeWEYV~XabdqPPVHc5hE3QP53ZPpLS0j1i9~swoHMdFiWrjcmKyKSw1WO02BstCn3mex1z8612~hRK7KFoDpIL52AWT4qevIuv5vCoQSo0QG01fFHFViDoWCI0edLg7fX-DUXuKuqw~eSrNvpKAfphyePA7UvQ7~3ImMzgKh2sK~wpueDEMtSZC2HiOJNVU7FBN6p9d0bGa9WgblsDNbwzyuRwt1~1A__&Key-Pair-Id=KUT5TJCACFTXG","Town Finance Director Chris Petlock told the newly formed Corte Madera Finance Advisory Committee that the town's two-year budget shows about $27 million in revenues and roughly $25 million in general-fund expenses in the first year and $26 million in the second year, and that the adopted budgets currently include a planned surplus.
Petlock described the town's approach as conservative: revenue forecasts lean on historical trends and outside consultants where appropriate, and expense forecasts include conservative assumptions about hiring and benefits. On the revenue side, property tax projections draw on county forecasts and were budgeted slightly below the county's most recent estimate; sales-tax projections come from HDL, a consultant that provides multi-year forecasts, Petlock said.
On pension and retiree benefits, Petlock said CalPERS provides actuarial guidance for the town's pension obligations and that the town is awaiting updated CalPERS assumptions following an 11% return figure discussed with council members. Petlock and Wolf told the committee that the town has a pension trust of nearly $4 million and a separate $2 million reserve invested in certificates of deposit that was set aside in recent years to help smooth future pension costs. The town has also used consultants to explore options including smoothing or prefunding, staff said.
Committee members pressed staff on the adequacy of reserves relative to potential future swings in pension costs and market returns. Petlock said many pension cost drivers are set at the CalPERS level (discount-rate assumptions, amortization periods), and that the town can ask consultants for scenario modeling to test reserve sufficiency under different return scenarios.
Wolf and Petlock also reviewed other reserves and designated funds that the council has adopted and said staff would bring more detailed reserve-policy background to a future meeting for committee review.","Finance Director Chris Petlock and Town Manager Adam Wolf briefed the new Finance Advisory Committee on the town's budget framework: roughly $27 million in annual revenues, conservative revenue estimates, $25'$26 million in general-fund expenditures across two budget years, and existing reserves set aside for pension and other obligations.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_46":105,"_48":106,"_50":107,"_52":108,"_54":55,"_56":57,"_58":109,"_60":61,"_62":63,"_64":110,"_66":67,"_68":69,"_70":71,"_72":73,"_74":73},5974441,"Corte Madera finance advisory committee names chair and vice chair, agrees to quarterly meetings",135,4671000,4806000,"/Search/View?dp=1&key=5841162-6d9b13cbf83c7b28439141a6ab9f1319&start=4671&end=4806","https://assets.pipeline.soar.com/5841162-6d9b13cbf83c7b28439141a6ab9f1319/thumbnail_4671000.jpg","/articles/5974441/California/Corte-Madera-finance-advisory-committee-names-chair-and-vice-chair-agrees-to-quarterly-meetings","https://secure.pipeline.soar.com/5974441-b263ea59031a18bf87fa98f607c254b2/orig.mp4?Expires=1773588061&Signature=fZeMnx5zXWm9AQ129KEhl-M1b1rIsEwqOwDY2Q2Q0ceqYbFpHHA7xZihN8CVEh5a5yHKLfvpzoE1SJbdHpmbvrLMLrExfi3JCsb1SM-kguJPkEFyQ6G68P86M7Xf4mHGTgRCHp-qFcdLrnY2cDzQjdK~VN49Ea7bOySxJPyH-YYR5a0mVi8epmotv3MLeH5gyyJ8AS0sAV0Mh-9PWjR7-VdLkVR7i5u~YepmhkStBcfUG-7MiaFQqg~owxijZRBzOVOISu6IqhntWncfqsv2FYUjeZ1xXjqubIgfcnsYLNzRMUHBlzfAt1jZfW-qtFjaSkKz6PlQ4yt9HnJgkIgemQ__&Key-Pair-Id=KUT5TJCACFTXG","Carl Spurzin was elected chair and Larry Reid was elected vice chair of the Town of Corte Madera Finance Advisory Committee during the group’s first meeting, town staff said. The committee, formed by a Town Council resolution, will meet quarterly and operate under the California Brown Act, staff said.
The committee’s role is advisory. Town Manager Adam Wolf told members the body will review fiscal policy, investment and financing strategies, capital and operating forecasts, and provide recommendations to the Town Council when requested. Wolf said the council may ask the group for specific recommendations that staff would then include in council reports.
Town Clerk Lorena Barrera reviewed Brown Act basics and meeting logistics; she is the committee’s staff contact for meeting procedures and public-notice rules. Wolf and Finance Director Chris Petlock said that committee meetings are public and that any recommendations intended for Council would be packaged as staff reports and presented in an open meeting.
At the meeting the committee agreed to a recurring meeting schedule on the first Thursday of November, February, May and August, with meetings targeted from 6:00 to 7:30 p.m. Wolf and staff said the schedule is intended to align with quarterly financial reporting and to provide regular opportunities to review budget and capital planning materials.
The committee discussed meeting conduct and parliamentary procedure; Wolf said the committee would follow standard public-meeting rules and that staff would provide any additional procedural guidance. Members were reminded that committee discussions are public and that referrals or formal recommendations to Council require an explicit vote and a staff report.
The meeting concluded with staff offering members access to the town’s financial transparency portal and instructions for submitting future agenda items and questions.","The newly authorized Corte Madera Finance Advisory Committee elected Carl Spurzin as chair and Larry Reid as vice chair, accepted committee procedures and a quarterly meeting cadence, and were briefed on Brown Act requirements and how advisory recommendations would reach the Town Council.","actionData","errors"]

Article not found

Town shows online financial portal, reports investments and audit timing to new finance committee

Paradise Pump Station rehab pegged at $78M; sanitation projects, COPs and flood infrastructure discussed

Corte Madera staff brief committee: $27 million in town revenues, conservative budgeting, pension and reserve questions

Corte Madera finance advisory committee names chair and vice chair, agrees to quarterly meetings