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Red Bank finance director: general fund revenues recovering, expenditures near budget pace
Summary
CFO Ms. Pickle reported that through January general fund revenues were at about 55% of budget while overall year-to-date activity is near the expected 58.33% pace; a community center line is high because of unrecorded rollover amendments.
Ms. Pickle, Red Bank’s chief financial officer, told commissioners the January financial update shows the city is close to where it should be in the fiscal year.
"If you look at the first page, you'll see that we're at 58 33% of the budget year," Ms. Pickle said, and she noted total general fund revenues are at about 55% and general fund expenditures are about 59%.
The p…
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