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A&P commission reports improved balances, approves May financial statement
Summary
The Conway City A&P Commission reviewed May financials, heard collection figures and approved the month’s financial report; staff reported improved bank balances and revenue increases over past months.
A staff presenter reviewed the A&P Commission’s financials and the commission approved the May financial report on a voice vote.
The presenter reported total bank balances of "$4,274,000." For May, the presenter said total revenue was about $628,004.31 and expenses were about $514,000, producing a monthly surplus the presenter called about $89,661. The presenter reported year‑to‑date income and said year‑to‑date profit stood at about $356,000 compared with about $343,000 at the same point last year.
Staff described collections that month and the portion remitted to the city and the A&P commission. The presenter said approximately $497,000 went to the city portion and about $106,000 to the A&P commission in May. The presenter also reported PaySimple (A&P) payments of about $319,003.06 for the month compared with $269,004.67 in the same month last year.
A motion to approve the financials was made and seconded; the chair called for the question and the motion passed on a voice vote. No amendments or follow‑up tasks were recorded during the motion.
Commissioners later moved to discuss the delinquent list (code enforcement and short‑term rental collections were addressed in a later agenda item).
