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Financing authority hears treasurer’s report, approves FY25‑26 administrative budget and retains officers
Summary
The River City Regional Stadium Financing Authority on April 28 received a treasurer’s report showing bond reserves were funded and approved a $72,500 FY25‑26 municipal administration budget split between Sacramento County and the City of West Sacramento.
The River City Regional Stadium Financing Authority on April 28 received the annual treasurer’s report confirming that reserves tied to the 1999 taxable revenue bonds for Sutter Health Park were funded and approved a $72,500 municipal administration budget for fiscal year 2025–26.
Becky Robertson, finance manager for the City of West Sacramento, presented the treasurer’s report and said SBH Baseball LLC’s consolidated financial statements were completed in March 2025 by independent auditor Ernst & Young. Robertson said the revenue fund that supports debt service had a balance of $1,580,000 as of Dec. 31, 2024, and that supplemental reserves for the guaranteed payment account and the attendance‑based account were fully funded at $3,340,000 and $210,000, respectively. “Per the audit and the financial statements, the reserves were funded as specified under the lease agreements, and there was no instance of default,” Robertson said.
Roberta Raper, finance director for the City of West Sacramento and treasurer for the authority, presented the authority’s JPA administrative budget. Raper said the budget covers continuing disclosure fees, trustee fees and staff and legal time for managing the bonds. She said annual spending for the JPA is typically $10,000–$15,000 and that the proposed FY25‑26 administrative budget was unchanged from the prior year: $72,500 total, consisting of $30,000 from Sacramento County and $42,500 from the City of West Sacramento.
Board members moved and seconded the budget motion and approved it by voice vote. Earlier in the meeting the authority also voted to retain the current president and vice president and to approve the minutes of the May 30, 2024 meeting. The clerk confirmed there were no public speakers on the items presented.
No further action was required on the treasurer’s report, which was offered for information. The authority adjourned after public comment was closed with no speakers.
