FY24 Adopted Budget

Parking (7100 - 7104) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$ 11,195,768 $ 2,171,686 $ 2,272,962 $ 1,893,211 $ 2,427,976 $ 2,301,704

Revenues:

Use Of Money And Property Interest Revenues

138,303

10,034

8,209

10,030

18,880

18,880

Intergovernmental

Federal Intergovernmental Revenue

- -

1,139

817 652

- -

- -

- -

Disaster Assistance

-

Charges For Fees And Services Parking Charges

4,164,207 3,556,033

4,686,624

5,573,759

5,068,932

5,119,621

Miscellaneous

Parking Fines

190,024 63,049

201,942 48,288

367,073 60,500

240,000 43,600

370,000 153,720

370,000 153,720

Other Miscellaneous Revenue

Sub-Total Revenues

4,555,583 3,817,435

5,123,875

5,867,389

5,611,532

5,662,221

Transfers In:

Capital Reserves

225,000

250,000

1,090,000

1,000,000

1,000,000

1,000,000

1) Debt Service Transfers

6,288,823 6,513,823

-

-

-

-

-

Sub-Total Transfers In

250,000

1,090,000

1,000,000

1,000,000

1,000,000

Total Revenues & Transfers In

$ 11,069,406 $ 4,067,435 $ 6,213,875 $ 6,867,389 $ 6,611,532 $ 6,662,221

Expenditures:

Parking Administration On Street Operations Parking Ramp Operations

$ 1,429,747 $ 1,469,395 $ 1,564,521 $ 1,779,373 $ 1,837,958 $ 1,880,380

656,739

742,908

834,763

977,894

1,183,092 1,338,159

1,200,535 1,371,376

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

1,147,123

1,738,881

1,362,307

Parking Debt Service Sub-Total Expenditures

-

-

-

-

-

3,359,425 4,138,165

4,119,574

4,359,209

4,452,291

Transfers Out:

Capital Improvement Projects

176,727 225,000

250,000 220,609

1,090,000 1,090,000

840,000

1,000,000 1,000,000

650,000

Capital Reserves

1,000,000

1,000,000

1) Debt Service Transfers

6,288,823

-

-

-

-

-

Interfund Loan Repayment to Landfill

249,736

136,124 606,734

275,461

373,050

378,595

294,840

Sub-Total Transfers Out

6,940,286

2,455,461

2,213,050

2,378,595

1,944,840

Total Expenditures & Transfers Out

$ 20,093,489 $ 3,966,159 $ 6,593,626 $ 6,332,624 $ 6,737,804 $ 6,397,131 $ 2,171,686 2,272,962 $ $ 1,893,211 $ 2,427,976 $ 2,301,704 $ 2,566,795

Fund Balance, June 30

Restricted / Committed /Assigned

-

303,702

303,702

463,702

463,702

813,702

Unassigned Balance

$ 2,171,686 1,969,260 $ $ 1,589,509 $ 1,964,274 $ 1,838,002 $ 1,753,093

% of Revenues & Transfers In

20%

48%

26%

29%

28%

26%

1) Same Fund Transfers required by bond covenants

442