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Stadium Authority adopts year‑end budget amendments; staff explains receipts, rent and public‑safety allocations
Summary
The Santa Clara Stadium Authority reviewed its financial status report for the quarter ending Dec. 31 and approved budget amendments to reflect higher event revenue, performance rent and to cover public‑safety costs over thresholds identified in recent agreement changes.
The Santa Clara Stadium Authority reviewed a quarter‑end financial status report and approved budget amendments to reflect higher than anticipated non‑NFL event revenue, revised public‑safety cost allocations under a recent settlement and to provide appropriations needed before the fiscal year close.
Treasurer’s report and timing: Stadium Authority Treasurer Kenley (finance lead) told the board the report is a point‑in‑time summary through Dec. 31 that shows elevated revenues as non‑NFL events recorded receipts and as NFL ticket surcharge revenues exceeded prior estimates. Treasurer Kenley said the fiscal year…
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