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Corte Madera council approves $1.2 million transfer to capital and recreation funds to shore up five‑year plan
Summary
The Corte Madera Town Council voted Feb. 3 to move $1,000,000 into the town capital fund and $200,000 into the recreation capital fund to implement the five‑year capital plan and prepare for flood‑related expenses; finance staff said the town remains conservatively positioned and will return with more detailed plans.
The Corte Madera Town Council voted unanimously Feb. 3 to transfer $1,000,000 from undesignated general fund balances into the town capital fund and $200,000 into the recreation capital fund to support the town’s five‑year capital plan and to provide cash for large, water‑side projects and emergency needs.
Finance Director Chris Petlock presented the recommendation, saying preliminary year‑end numbers showed an undesignated general fund balance of about $4.3 million and staff projects roughly $2.5 million of undesignated balance at the close of the current fiscal year if projections hold. "We brought forward our preliminary actual report…
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