FY27 Proposed Budget

Expenditure Trends

$6,000,000

$5,000,000

$4,000,000

Captial Outlay

Supplies

$3,000,000

Services

Personnel

$2,000,000

$1,000,000

$-

2024 Actual

2025 Actual

2026 Budget 2026 Revised 2027 Budget 2028 Projected

Long-term Projections:

Projected Revenues vs Expenditures

$9,500,000

$9,000,000

$8,500,000

$8,000,000

$7,500,000

2026 Revised

2027 Budget

2028 Projected

2029 Projected

2030 Projected

2031 Projected

Total Revenues

Total Expenses

Future revenues for the Parking Fund are projected to be relatively flat over the next five years, with revenues growing at 1% annually after the fiscal year 2025 increases.

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.

A rate increase may be needed in the future if parking revenue remains flat.

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