Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Arts and Culture office, spectator venues report shifting fund balances and a technical cut to correct
Summary
City officials said oversight of large spectator venues and the newly formed Office of Arts and Culture will manage a temporary elevated fund balance while the Veterans Memorial Coliseum renovation completes; the Office of Arts and Culture flagged a technical error in the mayor's proposed general-fund cut.
City officials briefed councilors on the budgets for spectator venues and the newly formed Office of Arts and Culture, noting the financial impacts of one-time projects and an accounting error in the mayor's proposed cuts.
Donnie Olivera and Shay Flerty Bettine explained that the spectator-venues fund is unusually large in FY24-25 because it includes proceeds and beginning balances tied to a $54 million bond issuance for Veterans Memorial Coliseum renovations. Olivera said the bond's annual debt service is paid from a dedicated Multnomah County…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
