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Atherton finance staff: library excess funds will be split with county; $400,000 proposed for children’s garden design
Summary
Finance Director Robert Baron III reviewed the Atherton Library joint-powers arrangement and fund balances, telling the council that county-held excess library funds are available to the town for library services and proposing about $400,000 in FY25–26 for a children’s garden design and building improvements.
Finance Director Robert Baron III reviewed the Atherton Library joint-powers arrangement with San Mateo County and the town’s library fund balance at a joint May 7 meeting of the Atherton Town Council and the town’s Audit and Finance Committee. He said the county holds excess local property-tax funds “in trust” for the town and the JPA and that those funds may be used only for library services or capital work tied to the library.
Why it matters: the town’s library fund and the JPA balance affect how much cash Atherton can program for…
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