The Sports Authority of the County of Hamilton and the City of Chattanooga met on September 10, 2026, beginning at 14:22:23 UTC. The board approved the previous meeting's minutes, received the September 2026 financial progress report, and heard the August 2026 stadium progress report. No public comments were offered during the public comment period. No agenda or minutes were available; this summary is drawn from the raw transcription.
Sports Authority Project to Date, showing amounts since the beginning of the project, and FY26, showing fiscal year-to-date amounts spanning July 2025 to June 2026. The report keeps balance sheet accounts on the top half and sources and uses on the bottom half. The sales tax figure was marked with an asterisk because it represents amounts received through May 2026, with additional funds expected on the next statement. A typo reading "25" was corrected to read May 2026.And uh as we try to take care of the business of the sports authority of the county of Hamilton and the city of Chattanooga. Our first order of business is this meeting is now called to order, and our first order of business is approval of the June 11, 2026 meeting. So moved. Is there a second? All in favor? Opposed? The motion carries. Are there any public comments at this time in the meeting? It's open for anyone from the public who would like to make comment. We will proceed to item four, which is a presentation of the financial progress report for September 2026 by the finance department. Good morning to the uh chair and board members. Good morning. Good morning. First, I'd like to thank Josh McCutcheon for presenting the financials last at the last board meeting. Um I was out. My wife and I were expect had uh welcomed our second child. So if uh Congratulations, if any of you after the meeting want to see some cute baby photos, just let me know. So I got plenty of them. Just don't make her any brownies, and we know what that is, right? I know exactly what you mean. So with that being said, I'd like to delve into the financials. Uh first let's look at the page titled Sports Authority Financial Progress Report. If we can uh hopefully get that pulled up. I would like to highlight some specific uh format changes since the last meeting. Uh first, we've provided two sets of data uh which allows the board to compare current year versus the inception of the project. The column titled Sports Authority Project to Date is the column showing the amounts since the beginning of the project. The column to the right of that labeled FY26 is the fiscal year to date. Uh for now, we're showing fiscal year 26, which spans July 2025 to June 2026. Um with the expectation that in the future board meetings we're going to show FY27 going forward. So you'll be able to compare FY27 to inception to date. Um we haven't shown FY27 on this statement since uh there's been very little activity in this fiscal year. Most of the amounts would either been zero or very small amounts. So hopefully going forward you'll see more activity. Uh second, I like uh to show the rest of the statement is in the similar format to the previous one, uh, in that the balance sheet accounts are shown at the top half of the page, whereas the sources and uses uh are provided at the bottom half of the date. Uh lastly, I want to highlight some key points uh which are in the sources and uses section. Most notably sales tax show uh an asterisk because that is the amount received through May of 2026. We are still expecting some additional funds, uh, which will be represented on the next statement. Is it 25 or six? Uh through May of 2026. There's an asterisk and it shows a little note at the bottom. Yeah, it says 25. Oh, that's a typo on my side. My apologies. But yes, that's supposed to read May of 2026. Okay. So that's the conclusion of my high-level overview. Uh, does the board have any questions or comments? Well no what I like to say, I I really do like this new format. And what I'm hearing is the project to date is through June 30th of 26th, isn't it right? That's correct.