FY27 Proposed Budget

Parking (7100 - 7104) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 2,074,297 2,115,697 $ $ 2,349,907 $ 3,000,524 $ 3,544,624 $ 3,524,924

Revenues:

Licenses and Permits

General Use Permits

-

16,772

10,400

10,400

9,900

9,900

Use Of Money And Property Interest Revenues

107,169

114,812

20,000

20,000

28,700

28,700

Intergovernmental

Federal Intergovernmental Revenue

2,079

- - -

- - -

- - -

- - -

- - -

Other State Grants Disaster Assistance

18,316

231

Charges For Fees And Services Parking Charges

5,016,101 6,606,035

6,514,500

6,514,500

6,364,600

6,428,246

Miscellaneous

Parking Fines

442,556 14,898

628,536 23,038

550,000 40,000

550,000 40,000

628,500 40,000

628,500 40,000

Other Miscellaneous Revenue

Sub-Total Revenues

5,601,350 7,389,193

7,134,900

7,134,900

7,071,700

7,135,346

Transfers In:

Capital Reserves

1,000,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

Miscellaneous Transfers In

46,021

-

-

-

-

-

Sub-Total Transfers In

1,046,021 1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

Total Revenues & Transfers In

$ 6,647,371 8,889,193 $ $ 8,634,900 $ 8,634,900 $ 8,571,700 $ 8,635,346

Expenditures:

Parking Administration On Street Operations Parking Ramp Operations

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

1,951,491 1,640,172 1,382,813

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

2,081,900 1,836,700 1,424,500 5,343,100

2,071,000 1,901,100 1,545,100 5,517,200

2,118,200 1,957,900 1,584,600 5,660,700

Sub-Total Expenditures

4,141,961 4,974,476

Transfers Out:

Capital Improvement Projects

1,010,416 1,000,000

1,235,050 1,500,000

1,100,000 1,500,000

1,150,000 1,500,000

1,475,000 1,500,000

1,450,000 1,500,000

Capital Reserves

Interfund Loan Repayment to Landfill

453,594

294,840

97,700

97,700

99,200

100,700

Sub-Total Transfers Out

2,464,010 3,029,890

2,697,700

2,747,700

3,074,200

3,050,700

Total Expenditures & Transfers Out

$ 6,605,971 8,004,366 $ $ 8,018,500 $ 8,090,800 $ 8,591,400 $ 8,711,400

Fund Balance, June 30

2,115,697 3,000,524

2,966,307 1,118,236

3,544,624 1,068,236

3,524,924 1,093,236

3,448,870 1,143,236

Restricted / Committed /Assigned

453,286

718,236

Unassigned Balance

$ 1,662,411 2,282,288 $ $ 1,848,071 $ 2,476,388 $ 2,431,688 $ 2,305,634

% of Revenues & Transfers In

25%

26%

21%

29%

28%

27%

396