Audit and Finance Committee Meeting November 18, 20251

Atherton Town Finance Committee · November 21, 2025

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Call to order and roll call

Presentation

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Meeting opened with roll call and confirmation of a quorum. Members called: Chair Hill (present), Vice Chair (name called as Skomik/Spoke; present), Member Sweet (present), Member Britney (present), Member Suzanne Drake (present). Mayor Lewis and Vice Mayor Owen also noted present. Staff called attendance and confirmed five members present.

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Atherton Finance Committee received a detailed presentation on the towns property-tax roll and revenue forecast for fiscal year 2025-26, reviewed large recent home sales driving valuation changes, received an update on CalPERS asset-liability management review (ALM) and discount-rate recommendation, and discussed future agenda items including AI tools and a review of credit-card controls.

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Transcript

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