2018-2019 Adopted Budget

Infrastructure - Parking Fund

BUDGET SUMMARY

2016-17

2017-18 Budget

2018-19 Adopted

2019-20 Projected

Actual

Expenditures:

Personnel Costs

754,709

835,706

858,785

873,487

Maintenance & Operations

2,812,695

1,878,434

2,065,983

2,283,049

Capital Outlay

75,922

38,860

0

0

Total

3,643,326

2,753,000

2,924,768

3,156,536

Total FTE Positions

13.750

13.750

13.750

13.750

Revenues:

Parking Fees

2,737,883

2,738,000

2,909,768

3,141,536

All Other

25,694

15,000

15,000

15,000

Appropriated Fund Balance

1,921,401

0 0

0

0

Transfers

Subtotal

4,684,978

2,753,000

2,924,768

3,156,536

General Fund Contribution

0

0

0

0

Total

4,684,978

2,753,000

2,924,768

3,156,536

BUDGET HIGHLIGHTS  The FY 18-19 Budget is increasing by $171,768, or 6.2%. 

Monthly parking rates in the downtown parking decks will increase $20 beginning January 1, 2019, from $65 per month to $85 per month. The rate increase is projected to result in an additional $231,768 in revenue in FY 18-19 and $508,334 in FY 19-20 that will be used to help fund the construction of two new downtown parking decks.  The FY 18-19 Budget includes $260,000 for Church St. Deck elevator repairs.

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