Lexington public meetings in 2024
9 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Budget, Finance & Economic Development (BFED) Committee
The Budget, Finance & Economic Development Committee reviewed the October 2024 financial update and discussed a potential new downtown master plan. The meeting also included an update on LexArts finance and equity initiatives.
- Monthly Financial Update for October 2024
- Lexington Downtown Projects Update regarding a new master plan
- LexArts Finance and Equity Review
- ARPA funding status showing $101.9 million expended through October 31, 2024
Budget and Finance and Economic Development Committee on 2024-10-29 1:00 PM
The Budget Committee is reviewing the city's financial performance for the first quarter of fiscal year 2025. The discussion includes a review of general fund revenues and expenses, as well as an update on the allocation and expenditure of ARPA funds.
- FY25 Quarter 1 General Fund revenue of $108,906,957
- FY25 Quarter 1 General Fund expenses of $123,312,255
- Total ARPA allocated funds of $121.2 million
- Total ARPA expenditures through September 30, 2024, of $94.9 million
- City Hall financing options and fund balance proposals
Water Quality Fees Board
The Board will review the FY25 Class B Infrastructure Grant selection process, including fund summaries and director recommendations. Discussion will also include a change order request for Huber Real Estate No. 1, LLC and an update on incentive grant status.
- FY23 Huber Real Estate No. 1, LLC – Change Order Request
- FY 2025 Class B Infrastructure Grant Selection
- Incentive Grant Status Update
The Water Quality Fees Board met to review infrastructure grant applications. The meeting included the approval of previous minutes and a review of various project recommendations for FY25 funding.
- Approved July 25, 2024, meeting minutes (unanimous)
- Canceled FY23 Huber Real Estate No. 1, LLC Change Order Request
- Reviewed University of Kentucky Research Foundation Athletics Complex grant recommendation
- Reviewed United Landscape - James McFarlane grant recommendation
- Reviewed Fayette County Public Schools - Steam Rise Academy grant recommendation
- Reviewed OP Innovates, LLC grant recommendation
- Reviewed LFUCG Airport Board grant recommendation
Budget and Finance and Economic Development Committee on 2024-09-24 1:00 PM
The committee reviewed the August 2024 monthly financial update and discussed a request from the RH Williams Cultural Center for assistance with building renovations. The meeting also included a presentation on medical debt relief through the nonprofit Undue.
- RH Williams Cultural Center feasibility study estimated at $300,000
- August 2024 revenue reported at $69,198,920
- August 2024 expenses reported at $80,127,254
- ARPA total allocated funds of $121.2 million
Budget and Finance and Economic Development Committee on 2024-08-27 1:00 PM
The Budget, Finance & Economic Development Committee is reviewing funding requests for the Robert H. Williams Cultural Center and discussing undue medical debt. The meeting also includes updates on monthly financials and project change orders.
- Robert H. Williams Cultural Center funding request
- Undue Medical Debt discussion
- Monthly Financial Update - August 2024
- Change Orders Update
Budget and Finance and Economic Development Committee
The Budget, Finance and Economic Development Committee met to review monthly financial performance and economic development initiatives. The agenda includes updates on the Public Infrastructure Program and the Commerce Lexington Regional Competitiveness Plan.
- Monthly Financial Update: FY2024 performance reflects a surplus of $21 million or more
- Commerce Lexington (CLEX) Regional Competitiveness Plan: LFUCG has invested $322,000 to date
- Public Infrastructure Program: Proposed ordinance to amend and restate Ordinance No. 141-2022
- Public Infrastructure Program loan limits: Maximum of $500,000 or 10% of total project cost
Budget and Finance and Economic Development Committee on 2024-03-19 1:00 PM
The Budget, Finance & Economic Development Committee reviewed monthly financial updates and economic outlook forecasts. The meeting also included a presentation on the Regional Competitiveness Plan and information regarding a potential parks funding ballot referendum.
- Monthly Financial Update – March 2024
- Lexington Economic Workforce & Revenue Update
- Lexington Economic Outlook & Occupational Tax Forecast
- Regional Competitiveness Plan implementation deliverables totaling $322,000
- Parks Funding Ballot Referendum discussion
Budget and Finance and Economic Development Committee on 2024-02-27 1:00 PM
The Budget, Finance & Economic Development Committee reviewed the city's second-quarter financial performance and an annual comprehensive audit. The meeting also included a presentation on technology ecosystem development and regional competitiveness.
- $55.9 million in transfers from the FY23 General Fund Balance to various funds
- Annual comprehensive financial review of the June 30, 2023 audit
- Technology Ecosystem Development presentation by the Technology Association of the Bluegrass
- $121.2 million total allocated for ARPA funds
Budget and Finance and Economic Development Committee on 2024-01-30 1:00 PM
The committee reviewed the second quarter financial update for the fiscal year. Discussions included updates on short-term rental revenue, the Lexington Jobs Fund, and the Exaction Program.
- Quarter 2 Financial Update covering revenues and expenses through December 2023
- Short-term rental (STR) revenue update and enforcement timelines
- Lexington Jobs Fund update noting $1.4 million currently available for award
- Exaction Program update regarding infrastructure costs and dissolution goals