2016-2020_Financial_Plan

Parking Authority

2016-2020 FINANCIAL PLAN

FUTURE INITIATIVES

ECONOMIC



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

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.

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



Review & update of City Centre

parking rates and provisions.

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



Complete a new bus bench contract

for supply, installation, maintenance &

advertising.

Division

Actual

2015

Budget

2016 2017 2018 2019 2020

Parking

Authority Utility

Pay Station reliability—% of

time machines operating

properly

(Socio-cultural)

91%

92%

93% 94% 95%

96%

Total # of managed parking

spaces—time/user restricted

and pay parking

(Economic)

2,080

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

Performance Measures

(Sustainability Pillar)

Budget

2015

91%

2,000

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