Financial Advisory Board Regular Meeting

Franchise Fees and Vacancy Savings — Board discussed these items during the Interim Financial Report but reached no conclusion — will likely continue at future meetings

Future bond issues and new debt — Board discussed whether the city should take on new debt for future projects, but no decision was made — timing and scope remain unclear

Board operations — Members discussed whether board members should receive City of Reno email addresses, how to document excused absences, and the new secretary position's responsibilities — no resolution reached

No new spending was approved at this meeting. The board reviewed that the city currently carries $465 million in outstanding principal from various bonds and loans but took no action on new expenditures.

Risk assessment from Eide Bailly LLP — A draft assessment is underway and expected by late February 2026. This may influence board decisions on future debt and bonding.

Future debt decisions — The unresolved discussion about new bonds suggests the board will need to make formal recommendations soon on what projects the city should finance and how much new debt is acceptable.

Board operations changes — The newly elected leadership will need to resolve whether board members get official city email addresses and finalize procedures for attendance tracking.