Future Revenue Analysis Task Force

8/13/21 Update

The Future Revenue Analysis Task Force (FRATF) was tasked by the Board of Directors to analyze HSV’s current and projected financial requirements and to provide viable options to ensure future revenue is aligned with our financial requirements. The FRATF analysis, conducted over the past 8 months, reviewed historical spending for lessons learned and insights, the current 2021 budget, and budget forecasts for 2022-2027 and beyond.   Comparisons against other private communities and municipalities were also studied.

The Task Force considered over 350 ideas from property owners. These included expense reductions, fee adjustments, additional revenue sources and assessments including both regular and special assessments. More than one dozen public events were conducted during the process to share the work of the Task Force and to gather feedback and ideas from property owners.

On August 4 the Task Force presented their findings, options and recommendations to the Board of Directors and to the community. Links to this presentation and to the recorded session are shown below.

Additional supporting research, info briefs and presentations are also found below.


FRATF Public Events

Hot Springs Village property owners are invited to attend one of these events for presentations on the financial analysis process and options being studied by the Taskforce. Presentations for each session will be very similar. Question and answer sessions to follow. Hosted by Hot Springs Village Voice and livestreamed via Facebook - @HSVillageVoice. RSVP requested (not required) to This email address is being protected from spambots. You need JavaScript enabled to view it..

  • Village Forum, Thursday June 3, 3:00-4:30pm, Coronado Community Center - Watch Video
  • Village Forum, Thursday June 10, 6:00-7:30pm, Coronado Community Center - Watch Video
  • Village Forum, Tuesday, July 13, 3:00-4:30PM, Woodlands Auditorium - Watch Video
  • Village Forum, Wednesday, July 14, 6:30-8:00PM, Woodlands Auditorium - Watch Video

Frequently Asked Questions

The Task Force will be collecting and answering frequently asked questions throughout our process. This FAQ document will be updated periodically as new questions are asked and answers are developed. If you have questions for the Task Force, please use the form at the bottom of this page.

Info Briefs

The Task Force will be releasing informational documents on a variety of topics over the course of our process. Check here for the latest releases and updates.

Supporting Data

 

Property Owner Input

We appreciate any ideas, comments, or encouragement you’d like to share. Submit as many ideas or comments as you like. Also, if you’d like to be added to the email list for Task Force communications please let us know in the form below.

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