REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Action on Stadium Authority Bills and Claims for the Month of July 2024
Report
BOARD PILLARS
Enhance Community Engagement and Transparency
Ensure Compliance with Measure J and Manage Levi's Stadium
BACKGROUND
Disbursements made by the Stadium Authority are based on invoices submitted for payment. Prior to payment, staff reviews all disbursement documents to ensure that the invoiced goods or services have been provided.
The Bills and Claims listing represents the cash disbursements required of normal and usual operations during July 2024. Budget control is set by the Stadium Authority Board through the budget adoption process.
DISCUSSION
At its March 12, 2024 meeting, the Stadium Authority Board adopted the Santa Clara Stadium Authority Fiscal Year 2024-25 Operating, Debt Service, and Capital Budget which runs from April 1, 2024 to March 31, 2025. Significant expenditures (greater than $5,000) paid in July 2024 include:
* Payment totaling $3,654,342.53 to Forty Niners Stadium Management Company, LLC for July 2024 Stadium Manager Expenses, inclusive of Shared Stadium Expenses
* Payment totaling $131,666.22 to Blue's Roofing Co. for CapEx Project - General Areas / Coatings Main Deck
* Payment totaling $43,325.70 to Giant Construction, Inc. for CapEx Project - Women's Locker Room
* Payment totaling $5,108.09 to InTWO, Inc. for Financial Management System Monthly Services (June 2024)
* Payment totaling $98,556.75 to KPMG LLP for Audit Services
* Payments totaling $82,582.65 for Legal Services (May 2024)
Names of law firms have been redacted from the Bills and Claims report. The Supreme Court of California in Los Angeles County Board of Supervisors v. Superior Court, (2016) 2 Cal.5th 282, held that invoices specifying the amounts billed by a law firm to a client fall within the scope of attorney-client privilege while the matters are active. In accordance with the Supreme Court's ruling, the names of law firms re...
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