FY25 Proposed Budget

Parking (7100 - 7104) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 2,272,962 1,893,211 $ $ 2,427,976 $ 2,074,297 $ 1,924,841 $ 3,918,882

Revenues:

Licenses and Permits

General Use Permits

-

-

-

-

4,980

4,980

Use Of Money And Property Interest Revenues

8,209

61,754

18,880

18,880

20,000

20,000

Intergovernmental

Federal Intergovernmental Revenue

817 652

- -

- -

- -

- -

- -

Disaster Assistance

Charges For Fees And Services

Miscellaneous Charges For Services

-

50,000

-

-

-

-

Parking Charges

4,686,624 4,981,709

5,068,932

5,068,932

8,348,835

8,432,323

Miscellaneous

Contributions & Donations

-

-

-

18,316 370,000 153,720

-

-

Parking Fines

367,073 60,500

313,830 36,281

370,000 153,720

450,000 40,000

450,000 40,000

Other Miscellaneous Revenue

Other Financial Sources Sale Of Assets

-

1,073

-

-

-

-

Sub-Total Revenues

5,123,875 5,444,647

5,611,532

5,629,848

8,863,815

8,947,303

Transfers In:

Capital Reserves

1,090,000

1,000,000

1,000,000

1,000,000

1,500,000

1,500,000

Miscellaneous Transfers In

-

-

-

46,043

-

-

Sub-Total Transfers In

1,090,000 1,000,000

1,000,000

1,046,043

1,500,000

1,500,000

Total Revenues & Transfers In

$ 6,213,875 6,444,647 $ $ 6,611,532 $ 6,675,891 $ 10,363,815 $ 10,447,303

Expenditures:

Parking Administration On Street Operations Parking Ramp Operations

$ 1,564,521 $ 1,666,912 $ 1,837,958 $ 1,846,935 $ 1,910,625 $ 1,954,233

834,763

989,401

1,183,092 1,338,159 4,359,209

1,203,942 1,380,875 4,431,752

1,759,419 1,454,930 5,124,974

1,808,013 1,490,658 5,252,903

1,738,881

1,394,198

Sub-Total Expenditures

4,138,165 4,050,511

Transfers Out:

Capital Improvement Projects

1,090,000 1,090,000

840,000

1,000,000 1,000,000

1,015,000 1,000,000

1,450,000 1,500,000

1,350,000 1,500,000

Capital Reserves

1,000,000

Interfund Loan Repayment to Landfill

275,461

373,050

378,595

378,595

294,800

97,700

Sub-Total Transfers Out

2,455,461 2,213,050

2,378,595

2,393,595

3,244,800

2,947,700

Total Expenditures & Transfers Out

$ 6,593,626 6,263,561 $ $ 6,737,804 $ 6,825,347 $ 8,369,774 $ 8,200,603 $ 1,893,211 2,074,297 $ $ 2,301,704 $ 1,924,841 $ 3,918,882 $ 6,165,582

Fund Balance, June 30

Restricted / Committed /Assigned

303,702

463,702

463,702

448,702

498,702

648,702

Unassigned Balance

$ 1,589,509 1,610,595 $ $ 1,838,002 $ 1,476,139 $ 3,420,180 $ 5,516,880

% of Revenues & Transfers In

26%

25%

28%

22%

33%

53%

1) Same Fund Transfers required by bond covenants

435