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Fort Smith appropriates roughly $126,000 in unanticipated 2024 insurance proceeds for 2025 repairs
Summary
The board voted to appropriate about $126,000 in insurance proceeds received in 2024 into the 2025 budget to fund needed repairs across departments.
The Board of Directors voted unanimously to appropriate approximately $126,000 in insurance proceeds that the city received in 2024 into the 2025 operating budget to fund department repairs.
City staff said the proceeds arrived in 2024 and were unanticipated when the 2024 budget closed; appropriating the funds in 2025 allows departments to spend the proceeds on repairs and replacements. The staff presentation included a list of claims and claim dates in the meeting materials, but staff did not read a full itemized breakout at the meeting.
No public speakers signed up on the item. The board approved the ordinance by roll call, 6-0.
