PISMO BEACH CITY COUNCIL STAFF REPORT
Agenda Item #9.C
Meeting Date: August 5, 2025
TITLE:
Paid Parking Quarterly Update—Fourth Quarter of Fiscal Year 2025 RECOMMENDATION:
No action recommended, for information only.
DISCUSSION:
This report provides the City Council and public with information on preliminary actual revenues and expenditures for Fiscal Year (FY) 2025 for the quarter ending June 30, 2025, and the current balance of the Parking Enterprise Fund. This report also provides an update on parking initiatives.
FY 2025 Financial Update
Table 1 details the preliminary actual revenues and expenditures for the fourth quarter of FY 2025 compared to the fourth quarter of FY 2024.
Table 1: Parking Enterprise Fund Revenues & Expenditures through 4th Quarter FY 2025 4th
Quarter Actuals
FY 2024 4th
Quarter Actuals
Variance FY25
v FY24 ($)
Variance FY25 v
FY24 (%)
July 1st Beginning Fund Balance 3,713,836$ 5,846,885$ (2,133,049)$ -36.5%
REVENUES
Parking Citations 624,664 754,260 (129,596) -17.2%
Interest Earnings 130,243 196,236 (65,993) -33.6%
Parking Kiosks/Meters 2,640,100 2,579,868 60,232 2.3% Parking Permits 4,485 5,406 (921) -17.0%
Miscellaneous Revenue (72,532) 165,327 (237,859) -143.9% TOTAL REVENUES 3,326,961$ 3,701,097$ (374,137)$ -10.1%
EXPENDITURES
Salaries & Wages 220,043$ 185,533$ 34,510$ 18.6% Benefits 73,923 63,727 10,197 16.0%
Purchased Professional Services 5,511 3,562 1,949 54.7% Other Purchased Services 13,020 14,086 (1,066) -7.6% Operations and Maintenance 137,348 18,766 118,582 631.9% Other Expenses 332,296 518,025 (185,729) -35.9%
Beautification, Repairs 115,000 - 115,000
Debt Service 600,000 - 600,000
TOTAL OPERATING EXPENSES 1,497,140$ 803,698$ 693,442$ 86.3% NET INCOME / (LOSS) As of
June 30, 2025
1,829,820$ 2,897,399$ (1,067,579)$ -36.8%
One-time Expenditures 3,551,944$ 4,863,704$ (1,311,760)$ -27.0% June 30, 2025 Ending Fund
Balance
1,991,713$ 3,880,580$ (1,888,867)$ -48.7%
Carryforward One-time projects 346,809$ -$ 346,809$ June 30, 2025 Available Ending
Fund Balance
1,644,904$ 3,880,580$ (2,235,676)$ -57.6%
Council Agenda 8-5-2025 9.C-1
As shown in Table 1, the preliminary estimate of revenues of the Parking Enterprise Fund at the end of the fourth quarter of FY 2025 (ending June 30, 2025) totaled $3,326,961, which is 10.1% fewer parking revenues compared to the same period in FY 2024. This is largely due to a one-time downward adjustment of $72,531 for overstated prior-year kiosk and meter revenues representing a 143.9% year over year decline, a 33.6% drop in interest earnings as the fund balance has been reduced by $2.24 million due to one-time costs in FY 2025, a 17.2% decline in parking citation revenues, and a reduction in parking permit revenues by 17.0%.
Operating expenses at the end of this same period, which include personnel costs, operating expenses, and contract services, totaled $1,497,140, which is 86.3% greater than operating expenditures through the fourth quarter of FY 2025. The largest increase is due to Parking Enterprise Fund supporting an annual $600,000 for the Public Safety Facility debt service costs, $65,000 for ongoing beautification of the pier and pier plaza, and $50,000 for concrete and asphalt repairs. The projected net operating income (revenues less operating expenses) through the fourth quarter of FY 2025 is $1,829,820.
After accounting for one-time expenditures of $3,551,944, the projected ending balance of the Parking Enterprise Fund at the end of the fourth quarter is $1,991,713.
In addition to the ongoing expenses, there are one-time budgeted costs of $3,898,753 for one-time projects. These projects include $3,301,516 for the purchase of 350 Pismo Avenue, the former “Wolosz lot” and now called the Dolliver Street Parking Lot; $300,000 for the Public Safety Facility project to support the parking functions and related public safety support of parking functions; $195,317 for the Police Department Parking Division Substation; $62,588 for the Addie Street Parking and Access Improvements project; $31,477 for additional parking meters; $4,000 for a radio system upgrade and reliability project; and $3,855 for other projects. After considering these one-time costs of $3,551,944 and assuming the remaining budget of $346,809 is either spent or carried forward to next fiscal year, the projected available fund balance is $1,644,904.
Parking Initiatives
During the last quarter, the City Council adopted two key parking initiatives aimed at improving fairness and accessibility. On May 20, 2025, the Council approved the expansion of the resident parking pass program to include the newly metered Price Street area, effective Friday through Sunday. The program applies exclusively to Pismo Beach residents and excludes business owners and employees. A new color-coded resident pass will be issued, with mailers sent to current pass holders detailing the exchange process.
Also on May 20, 2025, the Council adopted an amendment to Municipal Code Section
10.10.050, updating regulations for vehicles exceeding paid parking time. The revised ordinance allows for a reduced fine for those who paid for parking but overstayed their time limit. This change reflects community input and modernizes enforcement while maintaining compliance.
On July 23, 2025, staff presented an overview of a proposed paid parking validation program to the Parking Advisory Committee. The intent of the program is to support Council Agenda 8-5-2025 9.C-2
downtown businesses by offering a method for merchants to validate customer parking.
The committee was generally supportive of the concept. Staff will continue refining the proposal based on feedback and anticipates bringing it forward to the City Council for consideration at a future meeting.
FISCAL IMPACT:
There is no fiscal impact from staff’s recommendation. Fiscal impacts from parking revenues and expenditures are outlined in the above report.
ATTACHMENTS:
None
Prepared by:
Nadia Feeser, Administrative Services Director
Scot Graham, Community Development Director
Jeff Smith, Police Chief
Submitted by: Scot Graham, Community Development Director City Manager Approval:
Council Agenda 8-5-2025 9.C-3