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Board orders audit procedures for Parrot Island Waterpark; discusses possible AG referral over slide costs
Summary
The board reviewed agreed‑upon audit procedures for Parrot Island Waterpark covering 2025 financial controls and concessions (Forvis estimate $30k–$40k); directors also discussed whether to ask the Arkansas Attorney General to investigate disputed slide installation costs and broker disclosures, but took no formal AG referral at the study session.
The Fort Smith City Board of Directors reviewed a proposed set of agreed‑upon procedures on Jan. 27 aimed at examining Parrot Island Waterpark’s 2025 financial reporting, cash handling, transfers, outstanding invoices, concession profitability and the calculations that determine management compensation.
Amanda Strange, the city’s director of internal audit (presenting remotely), said the procedures focus on cash and cash reconciliations, a sample‑based review of receipts and payments, transfers between subaccounts, the timing of required financial reporting and analytic checks of concession profitability. Forvis, the city’s external auditor, estimated the…
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