DESOTO COUNTY, Fla.- An accounting mishap has the City of Arcadia scrambling to make up for a quarter million-dollar loss.
During a budget report, Arcadia's finance director revealed the city was missing nearly $253,000.
The money comes from a state fuel tax. The city's previous administration predicted the ninth-cent tax would bring in a quarter of a million dollars.
Instead, the tax only generated $120,000. The city also did not account for the 80 percent of that revenue that is required to go to the county's general fund.
Arcadia's city administration confirmed the budget shortfall to WINK News, but would not comment further.
Deputy Mayor Joe Fink spoke on his own behalf.
"For a quarter of a million dollars, that's a big chunk for a town this size," Fink said.
Fink was the only member of the City Council to vote against the current budget.
Fink said the missing money comes from Arcadia's general fund, which does not directly impact the city's much needed road repairs.
Still, Fink said every major expense, like the $400,00 capital improvement project to fix the roads, is up in the air until the city figures out how to make up for the money it never had.
"That's a problem that has been with the city for years," Fink said. "We have not dealt well with replacement of infrastructure, and I would hope that we could make a good faith effort to put as much as we can toward the roads out of the monies that we have."
The fuel tax has been in place in DeSoto County for several decades.