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Las Vegas finance staff reports drop in Centennial license-plate revenue; projects five-year surplus if no new awards
Summary
City finance staff told the Commission for the Las Vegas Centennial that license-plate revenue fell short of budget in FY2025 and presented a five-year cash projection showing growing balances if the commission approves no new grants.
Paul Bresnahan, a senior financial analyst with the City of Las Vegas Finance Department, told the Commission for the Las Vegas Centennial on Sept. 29 that the commission ended fiscal year 2025 with lower-than-budgeted license-plate revenue and higher program spending.
Bresnahan said, “License plate revenue for the year was $1,724,783.” He also reported interest income of $264,729 and total program expenditures for the year of $2,018,059; general and administrative spending was $222,996.
The presentation gave context for the results. Bresnahan told commissioners the commission’s net assets began the year at $6,400,000 and closed at approximately…
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