REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Action on Stadium Authority Bills and Claims for the Month of September 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 September 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 September 2024 include:
* Payments totaling $239,216.90 to the City of Santa Clara for reimbursement of General and Administrative (G&A) City payroll costs (e.g., Executive Director's Office (City Manager's Office), Stadium Authority Counsel's Office (City Attorney's Office), and Treasurer's Office (Finance Department))
* Payment totaling $842,637.03 to Forty Niners SC Stadium Company, LLC for Community Facilities District Advance Payment - Principal & Interest
* Payment totaling $1,356,832.18 to Forty Niners Stadium Management Company, LLC for September 2024 Stadium Manager Expenses, inclusive of Shared Stadium Expenses
* Payment totaling $52,125.00 to KPMG LLP for SCSA Audit Services
* Payment totaling $48,430.00 to Populous Group, LLC for the following:
o $18,930.00 for CapEx Project - Women's Locker Room
o $10,000.00 for CapEx Project - Lighting Systems - Fixture Replacement of Major Outdoor Lighting / LED Retrofit / Sports Lighting
o $19,500.00 for CapEx Project - Lighting System - Field / Sport L...
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