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Gloucester County CFO: third‑quarter unaudited finances show steady property tax receipts, mixed revenue picture
Summary
Chief Financial Officer Ria Calloway presented an unaudited third‑quarter FY‑25 update showing $48.1 million of $83.2 million in general fund revenue to date, vacancy savings, and an expected $1.1 million favorable variance in property taxes.
Ria Calloway, Gloucester County chief financial officer, presented the county’s unaudited third‑quarter fiscal year 2025 financial update and told the Board of Supervisors that the county has received about $48.1 million of its $83.2 million general fund revenue budget (roughly 58%) through three quarters of the fiscal year.
Calloway explained that revenue timing skews the quarter figures — for example, approximately half of general property tax receipts are collected in June — and that the county compares current collections to prior years to identify trends. She said state, federal and property‑tax receipts closely track last year while other categories such as charges for services, permits and certain local taxes have lagged.
Calloway said sales‑tax receipts dipped in February (which she and other finance directors attributed in part to weather) and rebounded in March but have not shown growth over prior years. She estimated the county could realize roughly $1.1 million above budget in property tax collections when the new tax books are fully processed.
On the expense side, Calloway said the county expects vacancy savings and lower transfers to other funds to produce approximately $900,000 more in positive variance than originally budgeted. She also previewed capital‑fund projects completed or underway, including park and building repairs and a new generator delivered earlier in the week.
Calloway told the board the county’s external auditors will be on site next week for field testing and that unaudited full‑year numbers and final audit work would be completed in September. A board member asked for a page‑and‑dollar breakout of categories shown on a slide highlighted in red, and Calloway directed the supervisor to details in the packet starting on page 25.
Calloway emphasized the numbers presented were unaudited estimates and that final audited results will be available after the auditors complete their work.
