Form A

City of Lockesburg

(Cities of the First Class, Second Class, and Incorporated Towns)

Financial Statement January 1, 2024-December 31, 2024

General Fund

Balance January 1, 2023

$257,721.40

Cash Receipts

3% Alcohol Tax

$23,079.30

State Revenue

$109,395.26

Property Tax

$31,288.96

City Local Sales & Use Tax

$93,609.12

Grant Revenue LVFD

$9,000.00

Franchise Tax

$13,589.33

Senior Center Revenue

$10,936.58

Other

$21,619.00

Total Receipts

$312,517.55

Total General Fund Available

$570,238.95

Expenditures

*Administrative Department

Personnel Services

$73,287.45

Supplies

$8,356.18

Other Services & Charges

$98,955.66

Capitol Outlay for Sewer ARPA Grant

$26,912.88

Transfers Out

$207,512.17

Total Expenditures

*Community Relations Department

Supplies

$893.41

Other Services & Charges

14367.13

Total Expenditures

$15,260.64

Vol. Fire Department

Capital Outlay Act 833 & Tax

$15,124.25

Supplies

$5,484.64

Other Services & Charges

$24,496.53

Transfers Out

$18,762.77

Total Expenditures

$63,868.19

*Park Department

Supplies

$12,897.68

Other Services & Charges

$5,948.77

Total Expenditures

$18,846.45

Senior Center Expenses

$10,543.63

Balance General Funds December 31, 2024

$254,207.87

Street Fund

Balance January 1, 2024

$76,481.18

Cash Receipts

State Revenues

$48,845.06

Property Taxes

$9,387.45

Transfers In

$41,456.09

Other

$13,024.60

Total Street Receipts

$112,713.20

Total Street Fund Available

$189,194.38

Street Expenditures

Personnel Services

$47,625.75

Supplies

$252.73

Other Services & Charges

$18,967.42

Capitol Outlay

 $                   34,087.82

Transfers Out

 $                      3,385.82

Total Expenditures

$104,319.54

Balance Street Fund December 31,2024

$84,874.84

The Classification of expenditures shall be by department, i.e., Administrative,

Community Relations department, Fire department,. Park department.

INDEBTEDNESS

Type of Debt

 Amount

Property Tax Bond

 Date Last Payment Due

Sales & Use Tax Bonds

Revenue Bonds

Lease Purchase Agreement

$11,169.27

4/30/2026

Date Free of Debt

Total Indebtedness

$11,169.27

All financial records of the General Departments & Street Department of the City of Lockesburg

are public records and are open for public inspection during regular business hours from 8:00 A.M.

to 4:30 P.M. Monday through Friday, at the City Hall in Lockesburg, Arkansas.

If the record is in active use or in storage and; therefore, not available at the time a citizen asks

to examine it, the custodian shall certify this fact in writing to the applicant and set a date and

hour within three (3) days at which time the record will be available for inspection and copying.

2025 Form B