Elizabeth Lake, Acting City Administrator
Subject: Parking Operator Contract Extension
Date: May 18, 2026 Page 1
Finance & Management Committee
July 14, 2026
Attachment A: Parking Facilities Financial Performance FY2019-20 to FY2025-26
FY2019-20 FY2020-21 FY2021-22 FY2022-23 FY2023-24 FY2024-25 FY2025-26 *estimated
Total Revenue $8,259,443 $3,028,470 $4,093,770 $4,660,638 $4,204,933 $4,159,941 $3,996,991 Operating Expenses $3,644,138 $2,931,694 $2,748,309 $3,160,062 $3,622,701 $3,638,443 $3,111,019 Fixed Management Fee $131,910 $133,106 $133,106 $133,106 $151,737 $153,431 $153,430 Capital Expenses $161,313 $73,096 $181,911 $267,728 $325,984 $237,924 $92,005 Customer Satisfaction Bonus $26,000 $15,000 $15,000 $15,000 $30,000 $30,000 $30,000 Total Net Revenue $4,296,081 -$124,427 $1,015,442 $1,084,740 $74,510 $97,143 $610,537