ONN – Las Vegas Stadium Authority Raiders Meeting Live May 23 2019
This part of the meeting concerns the following agenda items:
12. Resolution to Augment FY19 Budget Fund 2960
13. Revision to FY19 Budget Transfer Reconciliation Schedule
14. Quarterly Economic Survey Report Q3 FY2019
15. Stadium Authority Tentative FY20 Budget
16. Stadium Authority Proposed Final FY20 Budget
The $31 million in “unanticipated revenues and unanticipated beginning fund balance” was accompanied by an explanation by Las Vegas Stadium Staff Consultant Jeremy Aguero that was not included in the agenda item’s document on the stadium website. It looks for all the world like the reported extra $31 million in personal seat license revenue was transferred to the fund balance, but he claims it was an accounting difference that had to be reconciled.
That’s weird. If that’s the case, why not report that in the original file – this one? It’s this kind of constant coming up with some story that makes this effort consistently suspect. The way to avoid those problems is to make sure the story told is on paper, on the website – right now, it’s not. So, the whole deal looks like a sham.
That also includes Steven Hill’s claim that the actual revenue for the bond issue is tracking close to what the consultants forecast – actually, it’s not at all.
Stay tuned to see that chart.
Oakland News Now Note: this post demonstrates the full and live operation of the latest version of an experimental Zennie62Media mobile media video-blogging system network – part of a new approach to the production of media. The uploaded video is from a vlogger with the Zennie62 on YouTube Partner Channel, then uploaded to and formatted automatically at the Oakland News Now site and social media pages. The objective is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. We are constantly working to improve the system network coding and also seek interested content and media technology partners.
Zennie Abraham is the CEO of Zennie62Media