Centennial fund posts small net gain; awarded projects leave multimillion-dollar commitments
City finance staff reported $1.88 million in FY2026 revenues and $5.054 million in program awards, leaving roughly $3.4 million in committed but unexpensed funds and a projected $1 million net-asset decline next year if awards are fully spent.
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Paul Bresnahan, the city finance analyst, told the Commission for the Las Vegas Centennial that the year ended June 30 with total revenues of $1,880,000, including $1,680,000 in license-plate receipts and $197,000 in interest income. He said the commission awarded $5,054,000 in projects in the year, of which $1,650,000 has been expensed, leaving $3,400,000 expected to roll into the next fiscal year.
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