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Centennial fund reports $6.2 million cash balance; license-plate revenue under review
Summary
City finance staff told the Centennial Commission the fund has about $6.2 million in cash and that license-plate revenue reporting needs more detail; commissioners pressed staff for renewal-versus-new breakdowns and DMV responsiveness.
Paul Resnahan, Department of Finance, told the Commission for the Las Vegas Centennial on March 24 that the commission’s fund balance was about $6,200,000 as of the February month-end financial statements. Resnahan said the commission has received roughly $40,700,000 in total revenue since inception and that about $34,500,000 has been disbursed into community projects to date.
Resnahan explained that most of the commission’s cash is held in a money-market fund and…
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