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Downtown garage opened November 2012
<br />New parking management system installed June 2013
<br />Annual maintenance of $10,000 per year
<br />Building maintenance charges of $82,800 in 2015-16 and in 2016-17
<br />Deficit beginning 2013-14; revisit parking rates and expenditure review
<br />Proposed transferring 0.7 FTE to general fund to reduce deficit
<br />Parking study to be performed in 2015-16
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<br />2012-13 2013-14 2014-15 2014-15 2015-16 2016-17 2017-18 2018-19
<br />Parking Fund 132 Actual Actual Adopted Projected Projected Projected Projected Projected
<br />Beginning Fund Balance 82,039 31,413 (39,711)(37,203)(136,311)(140,641)(149,210)(159,022)
<br />Revenue
<br />Parking Fees 233,815 239,138 250,000 227,000 249,660 249,660 252,157 254,678
<br />Interest Income 110 870 160 50 0 0 0 0
<br /> Total Revenues 233,925 240,008 250,160 227,050 249,660 249,660 252,157 254,678
<br />Expenditures
<br /> Personnel 159,338 163,163 170,832 170,832 84,858 89,097 89,774 94,255
<br /> Non-Personnel 125,213 145,461 155,326 155,326 169,132 169,132 172,195 172,195
<br /> Total Expenditures 284,551 308,624 326,158 326,158 253,990 258,229 261,970 266,451
<br />Annual Surplus/(Shortfall)(50,626)(68,616)(75,998)(99,108)(4,330)(8,569)(9,813)(11,772)
<br />Ending Fund Balance 31,413 (37,203)(115,709)(136,311)(140,641)(149,210)(159,022)(170,795)
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