2016-2020_Financial_Plan_Web

Parking Authority

FUTURE INITIATIVES

ECONOMIC  Establish branding for the Parking Utility and develop service expansion options.

ENVIRONMENTAL  Develop commuter pay parking area at Holland Park with enhanced sustainable LED lighting systems;  Develop further strategies to increase opportunities for legal truck parking; and SOCIO-CULTURAL  Develop proactive parking solutions based on a database of key issues, problem areas & trends;  Implement new pay-by-phone for parking service with lower fee structure and expanded functionality; and

 Review & update of City Centre parking rates and provisions.

 Complete a new bus bench contract for supply, installation, maintenance & advertising.

PERFORMANCE MEASURES The following table identifies the key performance measures that will assist the Parking Authority Utility in tracking its progress and monitoring its contribution to building a sustainable Surrey.

Budget

Pay Station reliability—% of time machines operating properly (Socio-cultural) Total # of managed parking spaces—time/user restricted and pay parking (Economic) Performance Measures (Sustainability Pillar)

Actual 2015

Budget 2015

Division

2016 2017 2018 2019 2020

91%

92%

93% 94% 95%

96%

91%

Parking Authority Utility

2,080

2,150 2,250 2,450 2,600 2,700

2,000

2016-2020 FINANCIAL PLAN

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