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Red Bank CFO reports budget-year revenues and expenditures near expected levels
Summary
CFO reported revenues at about 64% and general‑fund expenditures at about 65% of the budget year, with overall performance described as "on target"; property‑tax receipts arrive in staggered payments and staff said there was nothing unexpected in the report.
At the start of the work session, Red Bank’s chief financial officer, identified in the meeting as Ms. Pickle, delivered the monthly financial update and told commissioners the city’s accounts are performing close to expectations.
Ms. Pickle said the budget year is about two‑thirds complete and that revenues are at roughly 64% while expenditures for the general fund are about 65% of the…
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