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Las Vegas enterprise fund board reports nearly $3 million shortfall; fee study delayed to fall
Summary
Deputy community development director Michael Cunningham told the committee the building and safety enterprise fund faces a projected shortfall of roughly $3 million for FY2026; staff plan to finish a fee study this year and aim to implement changes in the fall to correct revenues while holding positions and limiting discretionary spending.
Michael Cunningham, deputy community development director and building official, told the Enterprise Fund Committee that permit volume has not recovered and that the fund is operating with a material shortfall. He said a January reconciliation required transferring $923,000 from the department's deferred revenue account back into the operating account, which temporarily improved cash flow.
Cunningham said the department now projects revenues for the fiscal year to finish at $13,488,941, about 15% below earlier projections, while total expenses across…
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