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Centennial commission hears finance update showing $1.3 million in plate revenue, $258,000 net decrease
Summary
City finance staff told the Commission for the Las Vegas Centennial on May 12 that through April the fund had received $1.3 million in license-plate revenues, posted $205,000 in interest, and showed a net decrease in assets of about $258,000; commissioners asked staff for more detailed line-item reporting and DMV plate-count data.
The Commission for the Las Vegas Centennial received a fiscal update on May 12 from Paul Presnahan of the City of Las Vegas Department of Finance showing $1.3 million in license-plate revenue through April and an overall net change in assets of minus $258,000.
Presnahan said, “You should have before you a financial statement as of 04/30/2025 … We have license plate revenue of 1,300,000,” and noted interest income of $205,000. The statement presented total expenditures of about $1.77 million against total awards and other outlays of roughly $1.6 million, leaving the fund with about $6.2 million on hand from a beginning balance of approximately $6.45 million.
Commissioners pressed staff for more detail and documentation. Commissioner Stodahl asked that the finance detail be posted with the board packet, saying, “We'd really like to have these posted as far as the board packet.” Presnahan agreed to provide an expanded version showing the line-item breakdown by the next meeting. Commissioner Kaufman urged staff to secure DMV data to explain the apparent drop in plate-related revenue, telling staff he was “glad that Bob brought this up because it's important to know that we don't know why it dropped.” The mayor offered to assist if staff encountered resistance from the DMV.
On projections, Presnahan said the commission had received three of four annual plate-revenue payments and estimated the fourth payment at about $450,000, which would put the year near $1.75 million — roughly $100,000 short of a $1.85 million budget projection. Commissioners asked staff to provide a trend analysis of plate revenues over recent years.
The commission treated the item as information only and took no formal vote on funding or policy. Staff committed to deliver the requested line-item detail and to pursue DMV records and trend data ahead of the next meeting.
