The authority’s finance committee recommended — and the full board approved — two resolutions during the meeting: one to fund seasonal upkeep of the bio-retention basin and green roof at First Horizon Park and one to adopt the Sports Authority’s fiscal year 2026 operating and capital budgets.

Chair Hogan told the board the authority has an MOU with Metro Water that acknowledges First Horizon Park maintenance is the Sports Authority’s responsibility, and the finance committee recommended approval of a request not to exceed $6,000 for 2025 maintenance costs. The motion was moved and seconded and the chair called the vote; the motion passed.

The board also considered the proposed FY26 operating and capital budgets. Finance reported the proposed budget would be largely status quo from FY25 with an adjustment to how office rent is accounted for (Metro finance will transfer rent dollars from an administrative account). The finance presentation described the proposed budget figure as "$1,853,000" (as reported during the meeting) and broke down major components: roughly $1.328 million for insurance, about 21% (approximately $396,000) for salaries for three positions funded by the general fund, and $206,000 funded from arena revenue for two finance positions. The finance committee recommended adoption; the motion was moved, seconded and approved.

Separately, the authority reviewed First Horizon Park capital improvement requests previously approved by the authority for submission to Metro Council’s 4% funds. Those FY26 requests included replacement of a dugout floor ($58,000), replacement of suite seat parts ($20,500), replacement of two HVAC units ($20,800) and roof repairs ($2,350). Finance noted the total 4% funding request amount as $101,657; the board approved moving forward with those items.

Why it matters: These approvals set the Sports Authority’s spending and capital priorities for the coming fiscal year and confirm continued maintenance responsibility at First Horizon Park under the Metro Water MOU.

Votes at a glance:
- Resolution: Approve expenditure (not to exceed $6,000) for seasonal upkeep of bio-retention basin and green roof at First Horizon Park — Passed (motion moved/seconded; roll call not recorded in transcript).
- Resolution: Adopt FY26 operating and capital budgets — Passed (motion moved/seconded; roll call not recorded in transcript).
- First Horizon Park 4% funding requests totaling $101,657 — Approved to proceed to Metro Council (motion moved/seconded; roll call not recorded in transcript).

The finance committee chair concluded his report; the meeting moved on to facility partners and construction updates.