The Christmas Parade Will Assemble At Damsite Park 6:00 PM Saturday.
Mayor Nixon did an interview with KTLO Radio last week.
A self-imposed audit by Bull Shoals Mayor David Nixon and his administration has revealed $338,000 in overspending in the city's 2016 budget. Nixon, who took office in June, is working with municipal officials to move the city's finances from out of the red and into the black despite numerous challenges.Mayor Nixon says although he likes to look forward rather than behind, addressing budgeting issues from before he took office became a top priority after receiving the third-party audit findings. He says although he was assured the budget was fine, the audit revealed it clearly was not.
He says a new budget process was built, but was delayed until approval at the end of May 2017 and taking effect in July. During that time, the city had to operate under the old process and lost another $100,000. In the third quarter, the city had to pay accrued fines and late charges, however less money was leaked.
Nixon says finances are starting to stabilize.
Click KTLO to read and listen to the rest of the story. There are audio clips to go along with this.