Finance Committee Minutes - February 2024

Downtown Chattanooga Alliance

Finance Committee Meeting

February 1, 2024 - 3:30pm

Location: 715 Market St, 2 nd Floor Conference Room

1. Call to Order

Gordon Stalans, Treasurer of the DCA, called the meeting to order. Finance Committee members attending

were Todd Philips. Finance Committee member John Clark submitted his recommendations via email. Also

present was Steve Brookes, Executive Director of the DCA. Suzy Anthony, Vice President of Finance and

Operations of the United Way. Kelly Allen Q Strategies.

2. Review of Reduced or Waived DCA Assessment Applications

The Finance Committee reviewed the applications from the United Way and YMCA for reduced of waived

DCA assessments for 2023.

The committee will recommend the DCA Board of Directors waive 100% of the United Way Assessment for

2023. The DCA Board of Directors will vote on this recommendation during the February 21 st Board of

Directors meeting.

The committee will recommend the DCA Board of Directors waive 90% of the YMCA’s Assessment for 2023.

The DCA Board of Directors will vote on this recommendation during the February 21 st Board of Directors

meeting.

3. Review of Past Due Assessments

The Finance Committee reviewed the past due assessments for 2022. A discussion centered around contracting

with O’Shaughnessy & Carter to begin collections on the past due amounts. The committee will recommend the

DCA Board of Directors vote on this recommendation during the February 2024 Board of Directors meeting.

Meeting Adjourned