FY2024 Proposed Budget

Expenditure Trends

$14,000,000

$12,000,000

$10,000,000

Debt Service Captial Outlay

$8,000,000

Supplies Services Personnel

$6,000,000

$4,000,000

$2,000,000

$ ‐

2020 Actual 2021 Actual 2022 Actual 2023 Revised 2024 Budget

2025 Projected

Long-term Projections:

Future revenues for the Parking Fund are projected to be relatively flat over the next five years, with revenues growing at 1% annually. Parking revenues have not gotten back to pre-pandemic levels and a rate increase may be necessary to fund annual maintenance needs for the parking ramps. Future expenditures were projected with the assumptions that personnel related expenditures would grow at a 3% rate annually and services and supplies would grow at a 2% rate annually.

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