FY2022

Revenues: Fiscal year 2022 revenue is estimated to increase by 75.7% when compared to fiscal year 2021 estimated revenue. This increase is due to the sharp decline in revenues in fiscal years 2020 and 2021 as a result of the COVID-19 pandemic. Parking revenues are estimated to return to normal in fiscal year 2022. Parking service charges are approximately 95% of fund revenues and parking fines are about 4%.

Revenue Trends

$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000

2018 Actual

2019 Actual

2020 Actual

2021 Revised 2022 Budget 2023 Projected

Charges for Services Use of Money & Property Miscellaneous Other Financial Sources

Expenditures: Fiscal year 2022 budgeted expenditures represent a 9.25% decrease from fiscal year 2021 revised expenditures. Fiscal year 2021 revised expenditures include $610,000 for the purchase of the Augusta Place parking ramp. If this expenditure is excluded, expenditures grew 5.9% in fiscal year 2022. The increase is expenditures is primarily due to an increase in Personnel cost of living adjustments and due to an increase Services expenditures resulting from the return to normal levels of finance charges and fees. All outstanding external debt was eliminated by June 30, 2020.

Expenditure Trends

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$-

2018 Actual

2019 Actual

2020 Actual

2021 Revised 2022 Budget 2023 Projected

Personnel

Services

Supplies

Captial Outlay Debt Service

371