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