Kelly Cox
speaker
1,881 appearances
25 recordings
1 series
first heard Jan 2025
last heard 7 Jul
Kelly Cox’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Mar 2026 with 2.
Appearances
Which means, I think if I'm right, it's almost 66 million in expenses.
So that's a 7% operating increase from last year in expenses and only a 3% increase in revenue.
So I want to understand, first of all, how we're showing this as a positive net income.
I want to talk again.
I know the big concern here is the capital reserve.
The forecast explicitly states that drawing down the operating reserve to fund these capital projects is going to negatively impact the general fund options.
But I want to understand...
Why that's not represented in this fiscal year's impact, if we're looking at fiscal year 26, 27, we're still showing a budget increase right now to the general fund.
It doesn't look like those things start hitting until next year.
But specifically, how will increased capital funding means affect the frequency and size of future excess revenue distributions to the general fund?
I think you have a chart.
that map that out but i again want to know that if we are only marginally increasing in our revenue and we're outpacing that in expenses how is that possible um
If I look, it says that we're expecting an increase of 2% to 4% from the original construction costs annually in capital expenditures over the first decade.
And if this is the case, are our reserve structure to keep pace with that expected growth?
I think the easy answer for that is no right now.
um but what is really the burn rate that we're looking at right now of our reserve funding if we're found to be responsible when this audit comes back for 100 million in capital expenditures so our revenues are increasing marginally but things are staying flat so i guess i look at this from the perspective of having fiduciary responsibility to make sure that we have a profitable public asset here and i read again in our
our stadium board policies that we have a job to maximize revenue potential.
So I'm worried that we worked really hard to show that we were a profitable income without being prudent about our future.
And we've pretty much hit our plateau right now.
It was interesting that it was mentioned that NFL non-event was strong.
Showing 521–540 of 1,881 · page 27 of 95
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