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Corte Madera adopts midyear budget revision, boosts reserves and funds ambulance replacement
Summary
Council approved a midyear budget revision (Resolution No. 02‑2025) and an amended reserve policy (Resolution No. 03‑2025) that allocate prior-year unallocated balance to OPEB, capital and equipment funds, and set a 25–30% operating reserve range; council also approved transfers to fund an ambulance and related cardiac monitors for Central Marin
The Corte Madera Town Council on Jan. 21 adopted a midyear fiscal-year budget revision and an amended reserve policy, approving transfers from a $3.3 million unallocated prior‑year balance to increase the town’s operating reserve and to fund equipment and capital priorities, including an ambulance replacement request from the Central Marin Fire Authority.
Daria (finance director) presented the midyear revision, explaining that sales‑tax corrections raised expected revenue by $377,061 for the current year and that collective bargaining and other personnel changes drove several expenditure adjustments. Key midyear changes included:
- An estimated $408,000 in previously unbudgeted prior‑year sales‑tax revenue already received and an additional expected correction of roughly $200,000–$300,000; staff proposed budgeting $377,061 of…
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