Fort Smith Sales Tax Review Committee Meeting – September 5, 2025 (Note: Agenda dated September 4, 2025)

Overview

The Sales Tax Review Committee of Fort Smith, Arkansas, met on Thursday, September 5, 2025, at 6:00 p.m. in Room A of the Blue Lion (101 North 2nd Street). The meeting was convened to review sales tax revenues and expenditures for the second quarter of 2025 (ended June 30, 2025), as required by Ordinance No. 27-22. The committee’s role is to verify that all funds from the city's various sales and use taxes are spent for their intended purposes. No public comments or additional business were recorded.

Discussion Items

Review of Second Quarter 2025 Sales Tax Reports

Chief Financial Officer Andrew Richards presented the quarterly report. Key financial highlights from the Sales Tax Summary Report (Quarter Ended June 30, 2025) include:

• Combined fund balance began at $96,666,654 and ended at $95,435,179, a net decrease of $1,231,475.
• Total sales tax revenues for the quarter were $20,022,244, with additional other revenues of $919,563, and total expenditures of $22,173,281.
• County Sales Tax: $5,893,557 allocated, zero ending balance.
• Street Sales Tax Fund: Beginning balance $52,441,308; revenues $7,064,343; expenditures $6,743,539; ending balance $53,229,504.
• Police Sales Tax Fund: Beginning $1,600,687; revenues $883,043; expenditures $744,316; ending $1,752,300.
• Fire Sales Tax Fund: Beginning $3,411,185; revenues $883,043; expenditures $632,287; ending $3,691,560.
• Parks Sales Tax Fund: Beginning $5,261,696; revenues $883,043; expenditures $2,652,439; ending $3,606,260.
• Consent Decree Sales Tax Fund: Beginning $33,951,778; revenues $4,415,215; expenditures $5,507,144; ending $33,155,555. The committee reviewed detailed transaction tables for each fund, including street construction projects (e.g., MayBranch Culvert Remediation, Street Overlays, Drainage Improvements), police and fire personnel costs, park improvements (e.g., Tilles Park, Martin Luther King Jr. Park, Creekmore Park), and consent decree sewer rehabilitation work.

Key Outcomes

• The committee acknowledged receipt and review of the second quarter 2025 sales tax reports. No formal vote or motion was recorded, and no concerns were raised regarding misallocation of funds.
• Meeting adjourned.

Discrepancy Note

The agenda lists the meeting date as Thursday, September 4, 2025, but the user-provided meeting date is September 5, 2025. This summary reflects the user-specified date.