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Commissioners acknowledge Horseshoe FY2025 income statement showing smaller deficit
Summary
County staff presented a 10‑year income statement for the Horseshoe multiuse facility showing FY2025 revenues of $2.2 million and a reduced deficit (about $164,003) compared with prior years; commissioners discussed pro bono rentals and hotel occupancy tax revenue increases.
Finance and facility staff presented the FY2025 income statement for the Horseshoe, the county’s multiuse facility. Staff reported FY2025 revenues of $2,203,088 and expenses leaving the facility about $164,002.87 in the red — an improvement from previous years when losses exceeded $400,000.
Staff (S15) said hotel occupancy tax receipts increased notably in FY2025 and facility rental revenue rose, helping narrow the deficit. Mr. Garcia (S19) noted the facility has provided significant pro‑bono or reduced‑cost days for community organizations (he and staff estimated roughly $200,000 in free or reduced rental value) and discussed changes such as stopping certain concession arrangements that previously reduced revenues.
Commissioners praised management while discussing options to increase revenue further, including possible concession contracts and programming to draw multi‑day events and hotel use. The court moved to acknowledge the report; the vote to acknowledge the FY2025 Horseshoe income statement passed by voice vote.
