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Hot Springs reports unaudited Q1 finances; general fund surplus down from last year
Summary
Finance Director Karen Scott presented unaudited March 31, 2025 financial statements showing the general fund's revenues over expenditures at a little over $2,000,000, down from about $3,800,000 the prior year. Scott cited higher expenditures for capital purchases and debt service reclassification as drivers.
Finance Director Karen Scott presented the city's unaudited financial statements for the quarter ending March 31, 2025 and told the Board of Directors the general fund’s revenues over expenditures were "a little over $2,000,000," down from about $3,800,000 at the same point last year.
"Please remember, these are unaudited numbers," Scott said at the May 20 meeting. She attributed the narrower surplus to higher expenditures in the quarter — several capital…
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