AGENDA REPORT
Meeting Date: November 12, 2025
Item Number:
To: Parking Authority Board of Directors
From: Jeff Muir, Director of Finance
Tatiana Szerwinski, Assistant Director of Finance
Brandy Gros, Budget Manager
Subject: BUDGET AMENDMENTS UNDER THE AUTHORITY OF THE
EXECUTIVE DIRECTOR OR DESIGNEE FOR FISCAL YEAR
2024-25
Attachments: None
RECOMMENDATION
This report is for information only.
INTRODUCTION
Per the requirements of Resolution No. PA-R-24-170, this report describes budget amendments that were authorized by the Executive Director or their designee for fiscal year 2024-25.
DISCUSSION
Budget Amendments
Section 4 of Resolution No. PA-R-24-170 provides that the Executive Director or their designee may appropriate up to $300,000 during the fiscal year from Parking Authority balances to any accounts as long as it meets the purposes of the Authority. In addition, the Executive Director or their designee may also authorize appropriations during the fiscal year to fulfill the Parking Authority's obligations with respect to non-discretionary costs, including but not limited to: debt service and related interest expense and credit card acceptance service charges, as well as net neutral expenditures, including but not limited to: reimbursed/reimbursable costs, pass through charges, and expenses incurred as a percentage of revenue generated.
Section 4 also specifies that an annual report shall be made to the Board of the Parking Authority describing each appropriation, and reason therefor.
Meeting Date: November 12, 2025
Budget amendments appropriated under this authority for fiscal year 2024-25 are summarized below.
FY 2024-25 Budget Amendments
Appropriation
Authority Amount Reason
Executive Director
- Credit Card
Acceptance Service
Charges
$79,480.45
To appropriate funds for credit card
transaction fees incurred in the collection
of payments for revenue generating
activities.
TOTAL $79,480.45
FISCAL IMPACT
There is no direct fiscal impact of this item.
Jeff S. Muir,
Director of Finance
Approved By