FY2024 Proposed Budget

Parking (7100 - 7104) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

2,427,976 $

11,195,768 $

2,171,686 $

2,272,962 $

1,893,211 $

2,301,704 $

Revenues:

Use Of Money And Property Interest Revenues

$

18,880

$

138,303

$

10,034

$

8,209

$

10,030

$

18,880

Intergovernmental Federal Intergovernmental Revenue

- -

1,139

817 652

- -

- -

- -

Disaster Assistance

-

Charges For Fees And Services Parking Charges

5,068,932

4,164,207

3,556,033

4,686,624

5,573,759

5,119,621

Miscellaneous

370,000 153,720

Parking Fines

190,024 63,049

201,942 48,288

367,073 60,500

240,000 43,600

370,000 153,720

Other Miscellaneous Revenue

Sub-Total Revenues

5,611,532

4,555,583

3,817,435

5,123,875

5,867,389

5,662,221

Transfers In:

1,000,000

Capital Reserves

225,000

250,000

1,090,000

1,000,000

1,000,000

1) Debt Service Transfers Sub-Total Transfers In

-

6,288,823 6,513,823

-

-

-

-

1,000,000

250,000

1,090,000

1,000,000

1,000,000

Total Revenues & Transfers In

6,611,532 $

11,069,406 $

4,067,435 $

6,213,875 $

6,867,389 $

6,662,221 $

Expenditures:

1,837,958 $

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

1,429,747 $

1,469,395 $

1,564,521 $

1,779,373 $

1,880,380 $

1,183,092 1,338,159

656,739

742,908

834,763

977,894

1,200,535 1,371,376

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

1,147,123

1,738,881

1,362,307

-

-

-

-

-

4,359,209

3,359,425

4,138,165

4,119,574

4,452,291

Transfers Out:

1,000,000 1,000,000

Capital Improvement Projects

176,727 225,000

250,000 220,609

1,090,000 1,090,000

840,000

650,000

Capital Reserves

1,000,000

1,000,000

1) Debt Service Transfers

-

6,288,823

-

-

-

-

378,595

Interfund Loan Repayment to Landfill

249,736

136,124 606,734

275,461

373,050

294,840

Sub-Total Transfers Out

2,378,595

6,940,286

2,455,461

2,213,050

1,944,840

Total Expenditures & Transfers Out

6,737,804 $ 2,301,704 $

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

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

6,593,626 $ 1,893,211 $

6,332,624 $ 2,427,976 $

6,397,131 $ 2,566,795 $

Fund Balance, June 30

463,702

Restricted / Committed /Assigned

-

303,702

303,702

463,702

813,702

Unassigned Balance

1,838,002 $

2,171,686 $

1,969,260 $

1,589,509 $

1,964,274 $

1,753,093 $

% of Revenues & Transfers In

28%

20%

48%

26%

29%

26%

1) Same Fund Transfers required by bond covenants

442