FARGODOME Authority - June 26, 2018 Minutes

A regular meeting of the Fargo Dome Authority was held on Tuesday, June 26, 2018 at 3:30 p.m. in the FARGODOME Conference Room with President Troy Goergen presiding.

Members present: President Troy Goergen, Blake Nelson, Nancy Jordheim and David Suppes.
Members absent: Dan Armbrust, Darrell Vanyo and Michael Ellingson.
Others present: Bernie Larson, Assistant General Manager – FARGODOME; Sarah Tabery, Director of Marketing and Sales – FARGODOME; Susan Thompson, Director of Finance – FARGODOME; Amanda Muellenbach, Administrative and Auxiliary Services Manager - FARGODOME and Rob Sobolik, General Manager – FARGODOME.
Media present: None

President Troy Goergen called the meeting to order at 3:35 p.m.

David Suppes made a motion, seconded by Nancy Jordheim, to approve the agenda of the June 26, 2018 Fargo Dome Authority meeting as presented. Motion carried.
Blake Nelson made a motion, seconded by David Suppes, to approve the minutes from the May 29, 2018 Fargo Dome Authority meeting. Motion carried.

Rob Sobolik presented the General Manager’s report as follows:
• Year-to-Date Net Income through May 2018 is stated at $185,744, which is a negative variance (to budget) of $35,444.
• Upon review, Blake Nelson made a motion, seconded by David Suppes, to approve the May financial statements as presented.
On call of the roll, Goergen, Jordheim, Nelson and Suppes voted aye.
Absent and not voting: Armbrust, Ellingson and Vanyo.
The motion was declared carried.

Past Events:
• Fargo High School Graduations on June 3, 2018. Happy Harry’s RibFest on June 6-9, 2018. NDSU Football Team Camp on June 15-17, 2018. NDSU Football Individual Camp on June 22-24, 2018.

Upcoming Events:
• WWE on July 1, 2018. USA Wrestling on July 13-20, 2018. Journey/Def Leppard on July 28, 2018.
• Comments on Past Events: Nothing to report.
Blake Nelson presented the Fargo Dome Authority Building and Finance Committee report. The Fargo Dome Authority Building and Finance Committees met on Wednesday, June 20, 2018.
Items discussed included:
• May 2018 Financial Statements: The May 2018 Financial Statements were approved by the Finance Committee at the meeting on June 20, 2018.
• 2019 Capital Budget and Project Updates: Rob Sobolik presented the 2019 Capital Budget. Please see attachments.

The Building Committee and Finance Committee each accepted a motion to approve the 2019 Capital Budget as presented.

• 2018 Capital Budget and Prior Year’s Carryover: Rob reviewed the 2018 Capital Budget including prior year’s carryover. Please see attachments. Rob requested the following motions: Re-allocate the remaining balances of FD1706 ($2,398) and FD 1811 ($1,602) to create FD1823 – Battery Backup for Computer Systems. Re-allocate the remaining balance of FD1706 ($3,138) to project FD1718 – Computer/Network. Re-allocate the remaining balance from project FD1712 ($9,561) to project FD1815 – Equipment – Food Service.

The Building Committee and Finance Committee each accepted motions to approve the above reallocation requests.
• 2019 Operating Budget: Susan Thompson presented the 2019 Operating Budget. Please see attachments.

The Building Committee and Finance Committee each accepted motions to approve the 2019 Operating Budget as presented.
Blake Nelson made a motion to approve the Building and Finance Committee report as presented.
On call of the roll, Goergen, Jordheim, Nelson and Suppes voted aye.
Absent and not voting: Armbrust, Ellingson and Vanyo.
The motion was declared carried.

Nancy Jordheim made a motion, seconded by Blake Nelson, to approve the 2019 Capital Budget as presented.
On call of the roll, Goergen, Jordheim, Nelson and Suppes voted aye.
Absent and not voting: Armbrust, Ellingson and Vanyo.
The motion was declared carried.

David Suppes made a motion, seconded by Nancy Jordheim, to approve the 2019 Operating Budget as presented.
On call of the roll, Goergen, Jordheim, Nelson and Suppes voted aye.
Absent and not voting: Armbrust, Ellingson and Vanyo.
The motion was declared carried.

Food & Beverage Contract Discussion: Rob noted that the Food & Beverage contract with Spectra Food & Hospitality will expire on December 31, 2018. The contract does have a clause that allows for a two-year renewal that would expire on December 31, 2020. This item will be further discussed at the July meeting.

The next Fargo Dome Authority meeting will be on July 31, 2018 at 3:30 p.m.

There being no further business, the meeting was adjourned at 4:16 p.m.