# Conway Asset Forfeiture Annual Statements 2023-2025 Three two-page PDFs provide the [[City of Conway]]'s unaudited annual statement of revenues and expenditures and balance sheet for Special Revenue Fund 250. Every balance sheet states, “All cash is restricted.” ## Annual results | Year | Asset-forfeiture revenue | Other revenue | Total revenue | Expenditures | Net revenue/(expense) | Evidence | |---:|---:|---:|---:|---:|---:|---| | 2023 | $51,640 | Federal Grant Revenue $3,486; Interest Income $35,925 | $91,052 | $68,777 | $22,275 | `Dunlap FOIA request_2023 Asset forfeiture financials.pdf`, p. 1: “Asset forfeitures 51,640,” “Federal Grant Revenue 3,486,” “Interest Income 35,925,” “Total Revenues 91,052,” “Total Expenditures 68,777,” “Net Revenue/(Expense) 22,275.” | | 2024 | $89,657 | Interest Income $37,782 | $127,440 | $99,672 | $27,768 | `Dunlap FOIA request_2024 Asset forfeiture financials.pdf`, p. 1, identically labeled rows. | | 2025 | $80,162 | Interest Income $30,066 | $110,228 | $193,357 | `($83,129)` | `Dunlap FOIA request_2025 Asset forfeiture financials.pdf`, p. 1, identically labeled rows. | All three page-1 statements expressly say, “All figures are unaudited.” ## Year-end balance sheets | Year | Cash — Other Operating | Cash with Fiscal Agent | Assets | Liabilities | Fund balance | Evidence | |---:|---:|---:|---:|---:|---:|---| | 2023 | $662,834 | $900 | $663,734 | $0 | $663,734 | 2023 financials, p. 2: “Cash - Other Operating 662,834,” “Cash with Fiscal Agent 900,” “Fund Balance 663,734.” | | 2024 | $687,502 | $900 | $688,402 | $0 | $688,402 | 2024 financials, p. 2: corresponding labeled rows. | | 2025 | $724,373 | $900 | $725,273 | $120,000 trade accounts payable | $605,273 | 2025 financials, p. 2: “Trade Accounts Payable 120,000,” “Fund Balance 605,273,” and corresponding cash/asset rows. | ## Key takeaways - **The fund grew in 2023 and 2024, then reported a 2025 net expense.** The annual net figures are `+$22,275`, `+$27,768`, and `-$83,129`, respectively (each year's p. 1). - **The 2025 year-end payable is the same amount as the Flock Years 2-3 invoice.** The statement itself does not name the creditor. Read with invoice INV-81961 and the January 16, 2026 City voucher, the matching $120,000 is consistent with that invoice being accrued at year-end and paid the following month; this is a cross-record inference, not a vendor attribution printed on the balance sheet ([[Conway Finance Copies of Flock Invoices]], `Dunlap FOIA request_Flock camera invoice 2.pdf`, p. 1; [[Flock Payment Records — INV-56859 and INV-81961]], `PO 00151.pdf`, p. 1). - **The annual cash figures do not by themselves reconcile the informal Asset Forfeiture Log.** The log immediately reduces its running balance by the full O-25-09 amount on January 14, 2025, whereas the annual balance sheet carries a $120,000 payable at December 31. See [[T018 - Conway Asset Forfeiture Schedule vs Cash Ledger]]. ## People and organizations mentioned - [[City of Conway]] — issuer. - [[Conway Police Department]] — policing program associated with Fund 250 in the companion records. ## Concepts invoked - [[Asset-Forfeiture Funding for Surveillance Procurement]] ## Cross-references - [[Conway Asset Forfeiture Log 2023-2026]] - [[Conway Flock Payment Trial Balances]] - [[Flock Payment Records — INV-56859 and INV-81961]] ## Open questions / follow-ups - Obtain the audited statements, if any, or the complete GL detail needed to reconcile annual totals to the informal schedule. - Identify the vendor/payable subledger supporting the $120,000 year-end liability without relying solely on amount matching.