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Port Richey finance director reports positive year‑to‑date revenues, $1.34M in storm cleanup costs and underused CRA grants
Summary
At the quarterly department presentation the finance director said general fund and utility revenue exceeded expenditures year‑to‑date, reported roughly $1.34 million in storm cleanup costs submitted to FEMA, and flagged underused Community Redevelopment Agency (CRA) grant funds as well as red-light camera revenue running below budget.
The Port Richey finance director presented a quarterly update showing year‑to‑date revenues exceeded expenditures and flagged several items for council follow-up, including FEMA storm‑cleanup reimbursements, underused CRA grant funds and lower‑than‑expected red‑light camera revenues.
Finance Director (Thompson) told council that, as of March 25, the city had recorded approximately $10,672,000 in total revenue and $7,639,000 in expenditures, leaving a positive year‑to‑date position. He said general fund revenues were $5,093,955 with general fund expenditures at $4,338,159 and an available…
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