Hot Springs Village – It’s About the Numbers (June 22, 2021)
The Village is 51 Years Old…..So is Much of the Infrastructure
The Future Revenue Analysis Task Force has completed the data analysis phase of our “task”, by identifying
The infographic below summarizes six of the primary areas currently addressed in our annual budgets. It also shows the shortfall in revenue/income from what is needed.
HSV’s annual budget is built around expected income/revenue. Planned expenses must align with that income as closely as possible. The reality, however, is that the amount of dollars needed to maintain the basic infrastructure of the Village substantially exceeds annual income/revenue.
In the coming weeks and before making our recommendations to the Board of Directors, the FRATF will share with you, HSV’s property owners, options for addressing this problem. These options include many of the suggestions for reducing expenses and increasing revenue that has come directly from the community. The final decision for the resolution of the problem will rest in the hands of the property owners.
Six of the Top Budget Drivers – Hot Springs VillageTaking-Stock-summary-v5
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Please click on the photos below to enlarge.
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