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City staff to reappropriate 2025 purchases into 2026 budget; board to consider R26‑27
Summary
Finance Director Karen Scott told the board that R26‑27 would move certain 2025 expenditures and open purchase orders into the 2026 budget and enact a small set of 2025 budget amendments covering several funds; she said the changes will lower 2025 ending fund balances and invited questions.
Finance Director Karen Scott told the City of Hot Springs Board of Directors during an agenda meeting that the city will seek formal approval next week of a resolution to revise the 2025 budget and appropriate remaining 2025 obligations into the 2026 budget.
Scott said Arkansas municipal budgets expire at midnight on Dec.…
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