The committee reviewed quarterly financial statements from multiple outside agencies receiving city funding, discussed performance and risks, and approved first-quarter disbursements for 2026. The meeting included reports on 125 Live, History Center, Human Rights Commission, RAEDI, SBDC, Our Neighbors, Art Center, Civic Theatre, Rochester Downtown Alliance, Southeastern Minnesota Initiative Fund, and Youth Council, along with a motion to invite select agencies to future meetings.
The order will be approved as presented. Business items, the minutes from our last meeting, November 24th, 2025. Provided for us again earlier. Is there a motion to accept those minutes? So moved. Second. Any discussion of those minutes. They are approved. We are all ready to reviewing the financial statements of 125 live. Our administrator zones, please. Thank you, Chair Wall. I um I did want to point out that we are still working with all of the outside agencies to try to get them on a more standardized reporting format, like we talked about last time. Some of them have been more successful than others. 125 Live has always provided a pretty um robust set of information. They haven't had significant changes from the last period. But they did see an increase in revenue, which is promising for them. And their current ratio went up just slightly, uh, and their operating reliance ratio also went up. So again, can see that uh revenue generation that they have is um helping them uh become more self-sustaining. I would also note that we do have a contract with 125 live that contains these members, so a little bit different than some of the other outside agencies that we review, and you can see going back um to the 2017-18 timeframe, um, that they've seen a significant increase in their operating reliance ratio. I'm a member of 125 live. So very go in place. Whenever we're there, it's lots of people. Imagine when the parking ride is live. Yeah. And what part of what I'm surprised at uh uh is that more and more young people are joining. Yeah, even though we go at you know early afternoons. Uh we see quite a few young people. I don't I've never been there at six o'clock. Who knows? Maybe it's all young people at six o'clock. I don't know. Yeah, I don't I don't know either. Any questions about 125 live? Have you participated in cardio drumming yet? My wife has. I have not. The record requires. Yeah, right. Very important question. Yep. We uh we have a pair of sticks at home. Then let's move to the history center, please. All right. So uh the city uh budgeted um 47,500 in the 2026 budget for the history center. And um, you can see that they vacillate a little bit in their financial narrative. They did provide some information. They have an ongoing grant process. Um, and it's really a bonding request out now to be able to complete the um capital campaign for their expansion of the sub barnstead. Um, so they had some adjustments um in their not assets, but those were planned adjustments based on the investments that they're making in the facility. Um, and they did it was helpful that they provided this amount of detail, I think, on their financials.