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City finance director reports revenue growth but rising expenditures and salary overages
Summary
Rocky Mount finance staff presented second-quarter fiscal-year results showing modest revenue growth but larger expenditure increases, with council members raising concerns about salary and overtime overages.
City finance staff presented a second-quarter revenue and expenditure report showing year-to-year revenue gains in several funds but faster growth in spending, prompting council members to press for more detail on wages, overtime and long-term budgeting.
Ken Hunter, the finance presenter, said general-fund revenues through the second quarter were up about 4.1% compared with the prior year while expenditures grew 16.2%. Hunter told the council the higher spending rate was driven primarily by employee compensation and professional services and that the growth rate had declined from the first quarter.
Hunter said sales-tax receipts…
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