Centennial Commission reviews FY2026 finances; staff cites $521,540 in revenues and $108,006 in operating expenses

Quinn Oshakowski, the City of Las Vegas's budget and treasury manager, presented the Centennial Commission's financial results and told commissioners the commission had received $521,540 in revenues and recorded $108,005.93 in general operating expenses.

Commissioners pressed staff for clarification about several budget categories and how they relate to an existing management-and-administrative working agreement. One commissioner noted the agreement calls for $180,000 annually for city-provided management and asked why a separate $15,000 administrative line and other small fees appear in the packet. Oshakowski said the $180,000 covers city staff support ("the people that take care of the commissions") and that the $15,000 line was appropriated as a contingency and had not been spent as of the report.

Oshakowski also said certain smaller charges reflect investment fees and patent/trademark fees. He asked commissioners to refer to the written backup for the full, itemized schedules and offered to return with more detailed definitions at the next meeting. The oral presentation included additional aggregated totals that were unclear in the transcript; the written financial packet in the meeting backup should be treated as the authoritative source for exact numbers.

The presentation also summarized program-level grant expenditures and a license-plate revenue history; staff said the Centennial commemorative plates remain the largest seller. Commissioners requested a follow-up report explaining what the $50,000 advertising line will be used for in fiscal 2026 and asked staff to return with clarifying documentation on what types of costs may be charged against administrative and management categories under the working agreement.

The meeting did not produce any formal budgetary action; the finance report was informational. The commission did approve the prior meeting minutes earlier in the agenda (see meeting actions).