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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 said the results were “higher than expected” given recent conditions. The finance committee recommended approval of the audited financials and moved adoption; the authority approved the motion by voice vote.
The finance committee also considered the FY26 CIP for First Horizon Park. Adam English provided an overview of previously approved and underway projects and the three or four projects requested for FY26, which Hogan summarized as totaling about $100,000. The committee recommended adoption; the authority approved the CIP by voice vote.
Separately, the finance committee reported on a multi-month discussion about pursuing an independent audit of security practices and procedures across the authority’s facilities. Dan Hogan said facility partners had agreed to pursue an independent review “in addition to the league-required security plans” and partner plans, noting an independent third-party view would be valuable. The authority directed staff to put together a plan to pursue that audit and to return with recommendations in the coming months. The chair announced she would appoint Director Pulley to serve as the authority’s security liaison to coordinate with staff and partners.
Hogan and other committee members said the independent review is intended to complement existing venue security plans and league requirements; staff will present a scope and schedule when available.
