Budget and Finance and Economic Development (BFED) Committee

Summary

Meeting Overview

The Lexington-Fayette Urban County Government held a committee meeting on September 16, 2025, at 1:00 PM in the Council Chamber at 200 E. Main St, Lexington, KY 40507. The meeting covered 6 agenda items spanning financial reporting, economic and workforce development, and an examination of federal policy impacts on local nonprofits. Over the course of the meeting, 1 vote was taken and 5 informational presentations were delivered; no public comments were heard.

The committee approved the August 19, 2025, Committee Summary and received a Monthly Financial Update for August 2025. The remainder of the meeting was dedicated to annual updates from the Lexington JOBS Fund, Economic Development Partners, and Workforce Development Partners, as well as an informational discussion on local impacts stemming from federal policy changes affecting nonprofits.

Votes and Decisions

The committee took the following action during the September 16, 2025 meeting:

• Motion 0896-25 – Approval of August 19, 2025, Committee Summary 3:01: The committee voted to approve the summary from its August 19, 2025 meeting. The motion passed by voice vote. No roll call was recorded, so individual member votes are not available.

Monthly Financial Update – August 2025

3:32

Commissioner Hensley and Director Holbrook presented the monthly financial update covering July and August 2025 (agenda item 0897-25).

The presentation reported that expenses exceeded revenue by $17.1 million for the period. Both presenters noted that this deficit is typical for this time of year, characterizing the shortfall as a normal seasonal pattern rather than a cause for concern.

The item was informational in nature, and no vote or formal action was taken as a result of the presentation.

Lexington JOBS Fund Annual Update

14:20

Troy Black presented the annual update on the Lexington JOBS Fund to the Committee (Agenda Item 0898-25).

Key figures reported:

• 31 total awards made through the fund
• 22 awards currently active
• 295 jobs created through funded projects
• $35.99 actual average wage across positions created

The presentation was informational in nature, providing the Committee with a status overview of the fund's performance and outcomes to date. No vote or formal action was taken as a result of the update.

Economic Development Partners Annual Update

23:48

Amy Glasscock presented the Economic Development Partners Annual Update (Agenda Item 0899-25), providing the Committee with an overview of work carried out by three partner organizations: Commerce Lexington, Community Ventures, and Jubilee Jobs. The presentation focused on business development activities and workforce engagement efforts undertaken by these groups.

The item was informational in nature, and no vote or formal action was taken by the Committee. No additional details regarding specific program outcomes, metrics, or concerns raised during discussion are available in the record.

Workforce Development Partners Annual Update

36:06

Agenda Item 0900-25

Amy Glasscock presented the Workforce Development Partners Annual Update to the Committee, covering ongoing workforce development initiatives. The presentation was informational in nature.

Key topics addressed during the update included:

• Davis Park Workforce Center — Glasscock discussed activities and programming associated with the Davis Park Workforce Center as part of the broader workforce development effort.
• Workforce Economic Development Grant — The update also covered the Workforce Economic Development Grant, highlighting its role in supporting workforce development initiatives.

No action was taken on this item, as it was brought forward for informational purposes only. No additional details regarding specific outcomes, concerns raised, or debate among Committee members are available from the provided record.

Local Impact Due to Federal Policy – Nonprofits

Agenda Item 0901-25 1:12:01

Danielle Clore of the Kentucky Nonprofit Network delivered a presentation on the effects of federal policy changes on local nonprofits, focusing on funding challenges and emerging policy threats facing the sector.

Clore served as the key speaker for this informational item, outlining how shifts at the federal level are creating tangible difficulties for nonprofit organizations operating in the local community. The presentation highlighted two primary areas of concern:

• Funding challenges stemming from federal policy changes, which are affecting the financial stability and operational capacity of local nonprofits
• Policy threats that pose risks to the broader nonprofit sector and its ability to serve community needs

The item was presented in an informational capacity, meaning no formal vote or action was taken by the Committee as a result of the presentation. The discussion was intended to inform Committee members of the current landscape facing nonprofits as federal policy continues to evolve.

*Note: Additional details regarding specific funding figures, named programs, or particular policy changes discussed during the presentation are not available in the provided source materials. Readers seeking a full account of the presentation's content are encouraged to consult the meeting video beginning at timestamp 1:12:01.*