Fiscal Court February 4

Highlights

• Transportation Improvement District’s next step is appointing a board. Each commissioner has the ability to appoint a member.
• Openings for Dispatcher Positions. Read more.
• Attend the next Fiscal Court meeting, Tuesday, February 20, 2025, at 5:30 pm.
• MeetNKY looks to enhance the convention center to increase visitors to the area and non-resident tax revenue.
• Proposed new amateur sports complex in Northern Kentucky to bring in revenue and relieve overcrowding of local league play. A 70-acre plot is sought for potential development.
• Audit report

MeetNKY Presentation

• Currently looking to enhance the convention center. Future plans include a 450-room hotel to the west of the convention center, but the board is not currently looking at that.
• Currently high-volume meetings at the convention center are faith-based meetings, Christian Health Fellowship, Military Division of the Institute of Navigation.
• The proposed goal is to increase non-resident tax revenue collected by tourism and give future residents exposure. The planned enhancement would bring in 78,600 visitors in the long term.
• Hotels self-collect the tax. That tax is not seen in the Boone County budget. Citizens living in Boone County would not pay the tax, so more visitors bring more non-resident tax revenue.

New Amateur Sports Complex in Northern Kentucky

• Conventions, Sports and Leisure International (CSL) was hired to do a feasibility study for a sports complex. The findings were favorable given the 2.5 million people within an hour’s drive and the lack of current capacity for local sports. Additional revenue would be brought in by tournament play. The proposal is a publicly funded, privately managed facility. Two concepts were presented: 
  • Outside multisport rectangle field (heavy land usage, 70 acres)
  • Indoor sports facility (courts and turf)
• The most obvious struggle for this is finding a parcel of land large enough with the correct topography. Boone County is better positioned for this given its topography compared to Campbell and Kenton counties. If you have ideas for suitable land, bring them. Read the study.

Highlights from Audit Presentation by Dean Dorton PLLC, Manager of Audit

• 2021 audit was reissued because previously some revenues were improperly grouped with 2022 when they should have been listed in the 2021 revenue category.
• State still on review, awaiting approval which should be released within a couple of days of this meeting. 
• Total assets $478m, increase of $29m. Increase in investments along with some capital assets.
• Total liabilities $96m, decrease of $2m. Significant drop in pension liability.
• General revenues from county $78m, increase of $5m. Increase in property tax and occupational license revenue.
• Program revenue. Ended in $40m, increase of $431k.
• Total expenses $97m, increase of $12m. Significant decrease in pension but increase overall of new roads/construction, capital improvements.
• Statement of Federal Expenditures: $8.2m as part of performing audit, what is considered a major program. Major program here was the Coronavirus Recovery Funds about $7.2m.
• County Treasurer Robert Notton would like to start the audit within a month ending the final year.
• Commissioner Hand asked for a summary of recommendations and countermeasures from Mr. Notton. Mr. Notton said that can be provided.

Zoning Highlights

Commissioner Hand pointed out only the goals in accordance with a change are mentioned, not the conflicts of goals and objectives in the zoning committee reports. Staff member says his staff report shows those but the committee reports do not.