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Finance committee approves parking audited financials, First Horizon Park CIP and directs staff to pursue independent security audit
Summary
The Metro Sports Authority approved two finance committee-backed resolutions — accepting PMC’s FY24 audited parking financials and adopting a FY26 capital improvement plan for First Horizon Park — and directed staff to develop a plan for an independent, third-party audit of security practices at authority facilities.
The Metro Sports Authority approved the finance committee’s recommendations to accept the fiscal year 2024 audited financial statements from PMC, the authority’s contracted parking manager, and to adopt a fiscal year 2026 capital improvement plan (CIP) for First Horizon Park.
Finance Chair Dan Hogan reported revenue highlights from PMC, saying parking revenue totaled about $302,000 for the period in question versus “just under $325,000” the prior year. Hogan…
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