FY26 Proposed Budget

Parking (7100 - 7104) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 1,893,211 2,074,297 $ $ 1,924,841 $ 2,115,697 $ 2,349,907 $ 2,966,307

Revenues:

Licenses and Permits

General Use Permits

-

-

4,980

4,980

10,400

10,400

Use Of Money And Property Interest Revenues

61,754

107,169

20,000

20,000

20,000

20,000

Intergovernmental

Federal Intergovernmental Revenue

- - -

2,079

- - -

- - -

- - -

- - -

Other State Grants Disaster Assistance

18,316

231

Charges For Fees And Services

Miscellaneous Charges For Services

50,000

-

-

-

-

-

Parking Charges

4,981,709 5,016,101

8,448,835

6,457,987

6,514,500

6,579,645

Miscellaneous

Contributions & Donations

-

-

-

-

-

-

Parking Fines

313,830 36,281

442,556 14,898

450,000 40,000

450,000 40,000

550,000 40,000

550,000 40,000

Other Miscellaneous Revenue

Other Financial Sources Sale Of Assets

1,073

-

-

-

-

-

Sub-Total Revenues

5,444,647 5,601,350

8,963,815

6,972,967

7,134,900

7,200,045

Transfers In:

Capital Reserves

1,000,000

1,000,000

1,500,000

1,500,000

1,500,000

1,500,000

Miscellaneous Transfers In

-

46,021

-

-

-

-

Sub-Total Transfers In

1,000,000 1,046,021

1,500,000

1,500,000

1,500,000

1,500,000

Total Revenues & Transfers In

$ 6,444,647 6,647,371 $ $ 10,463,815 $ 8,472,967 $ 8,634,900 $ 8,700,045

Expenditures:

Parking Administration On Street Operations Parking Ramp Operations

1,666,912

1,754,345 1,138,258 1,249,358

1,910,625 1,759,419 1,492,330 5,162,374

1,915,125 1,801,452 1,492,330 5,208,907

2,081,900 1,814,400 1,424,500 5,320,800

2,129,197 1,856,540 1,460,664 5,446,401

989,401

1,394,198

Sub-Total Expenditures

4,050,511 4,141,961

Transfers Out:

Capital Improvement Projects

840,000

1,010,416 1,000,000

1,450,000 1,500,000

1,235,050 1,500,000

1,100,000 1,500,000

1,300,000 1,500,000

Capital Reserves

1,000,000

Interfund Loan Repayment to Landfill

373,050

453,594

294,800

294,800

97,700

97,700

Sub-Total Transfers Out

2,213,050 2,464,010

3,244,800

3,029,850

2,697,700

2,897,700

Total Expenditures & Transfers Out

$ 6,263,561 6,605,971 $ $ 8,407,174 $ 8,238,757 $ 8,018,500 $ 8,344,101

Fund Balance, June 30

2,074,297 2,115,697

3,981,482

2,349,907

2,966,307 1,118,236

3,322,251 1,318,236

Restricted / Committed /Assigned

463,702

453,286

498,702

718,236

Unassigned Balance

$ 1,610,595 1,662,411 $ $ 3,482,780 $ 1,631,671 $ 1,848,071 $ 2,004,015

% of Revenues & Transfers In

25%

25%

33%

19%

21%

23%

1) Same Fund Transfers required by bond covenants

437