FY2023 Adopted Budget

Parking (7100 - 7104) Fund Summary

2019

2020

2021

2022

2023

2024

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

2,389,668 $

12,222,373 $

11,195,768 $

2,171,686 $

2,272,962 $

3,086,434 $

Revenues:

Use Of Money And Property Interest Revenues

$

10,030

$

177,037

$

138,303

$

10,034

$

25,000

$

10,030

Intergovernmental Federal Intergovernmental Revenue

-

-

-

-

-

1,139

Charges For Fees And Services Parking Charges

5,573,759

5,741,940

4,164,207

3,556,033

5,677,526

5,573,759

Miscellaneous

240,000 43,600

Parking Fines

239,834 33,726

190,024 63,049

201,942 48,288

240,000 35,000

240,000 43,600

Other Miscellaneous Revenue

Sub-Total Revenues

5,867,389

6,192,536

4,555,583

3,817,435

5,977,526

5,867,389

Transfers In:

1,000,000

Capital Reserves

-

225,000

250,000

1,090,000

1,000,000

1) Debt Service Transfers Sub-Total Transfers In

-

1,021,221 1,021,221

6,288,823 6,513,823

-

-

-

1,000,000

250,000

1,090,000

1,000,000

Total Revenues & Transfers In

6,867,389 $

7,213,757 $

11,069,406 $

4,067,435 $

7,067,526 $

6,867,389 $

Expenditures:

1,773,373 $

Parking Administration On Street Operations Parking Ramp Operations Parking Debt Service Sub-Total Expenditures

1,448,416 $

1,429,747 $

1,469,395 $

1,595,816 $

1,814,219 $

971,893

781,704

656,739

742,908

916,366

995,311

1,352,307

1,283,440 3,021,221 6,534,781

1,277,894 9,788,823 13,153,203

1,147,123

1,981,104

1,394,375

-

-

-

-

4,097,573

3,359,425

4,493,285

4,203,905

Transfers Out:

700,000

Capital Improvement Projects

441,893

176,727 225,000

250,000 220,609

1,090,000 1,090,000

632,000

1,000,000

Capital Reserves

-

1,000,000

1) Debt Service Transfers

-

1,021,221

6,288,823

-

-

-

373,050

Interfund Loan Repayment to Landfill

242,467

249,736

136,124 606,734

277,535

378,594

Sub-Total Transfers Out

2,073,050

1,705,581

6,940,286

2,457,535

2,010,594

Total Expenditures & Transfers Out

6,170,623 $ 3,086,434 $

8,240,362 $ 11,195,768 $

20,093,489 $ 2,171,686 $

3,966,159 $ 2,272,962 $

6,950,820 $ 2,389,668 $

6,214,499 $ 3,739,325 $

Fund Balance, June 30

603,702

Restricted / Committed /Assigned

3,790,663

-

303,702

303,702

971,702

Unassigned Balance

2,482,732 $

7,405,105 $

2,171,686 $

1,969,260 $

2,085,966 $

2,767,623 $

% of Revenues & Transfers In

36%

103%

20%

48%

30%

40%

442