PISMO BEACH CITY COUNCIL STAF REPOR
Agenda Item #9.C
Meetin Date: u ust 18, 2026
TITLE:
Quarterly Paid Parking Update
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) 2026 for the quarter ending June 30, 2026, and the current balance of the Parking Enterprise Fund. This report also provides an update on parking initiatives.
FY 2026 Financial Update
Table 1 details the preliminary actual revenues and expenditures for the fourth quarter of FY 2026 compared to the fourth quarter of FY 2025.
Table 1: Parking Enterprise Fund Revenues & Expenditures through 4th Quarter
FY 2026 4th
Quarter Actuals
FY 2025 4th
Quarter Actuals
ariance FY26
v FY25 ($)
ariance FY26
v FY25 (%)
July 1st Beginning Fund Balance 2,349,888$ 3,713,836$ (1,363,948)$ -36.7%
REVENUES
Parking Citations 463,812$ 776,788$ (312,976)$ -40.3% Interest Earnings 102,770 146,314 (43,544) -29.8% Parking Kiosks/Meters 3,054,605 2,640,100 414,505 15.7% Parking Permits 7,735 5,115 2,620 51.2%
Miscellaneous Revenue 8,079 89,457 (81,378) -91.0% TOTAL REVENUES 3,637,001$ 3,657,774$ (20,773)$ -0.6%
EXPENDITURES
Salaries & Wages 176,438$ 240,871$ (64,433)$ -26.8% Benefits 68,848 92,236 (23,388) -25.4%
Purchased Professional Services 9,395 6,595 2,799 42.4% Other Purchased Services 14,031 17,344 (3,314) -19.1% Operations and Maintenance 138,602 191,501 (52,899) -27.6% Other Expenses 560,801 550,398 10,404 1.9%
Capital Outlay 26,610 - 26,610
Debt Service 600,000 600,000 - 0.0%
TOTAL OPERATING EXPENSES 1,594,724$ 1,698,945$ (104,221)$ -6.1% NET INCOME / (LOSS) As of
June 30, 2026
2,042,278$ 1,958,829$ 83,449$ 4.3%
One-time Expenditures 328,081$ 3,551,944$ (3,223,863)$ -90.8% June 30, 2026 Ending Fund
Balance
4,064,084$ 2,120,721$ 1,943,363$ 91.6%
Carryforward One-time projects 328,556$ 346,809$ (18,253)$ -5.3% June 30, 2026 Available Ending
Fund Balance*
3,735,528$ 1,773,912$ 1,961,616$ 110.6%
*FY 2026 Available Ending Fund Balance is an estimate until revenues and expenditures are final and audited.
Council Agenda 8-18-2026 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 2026 (ending June 30, 2026) totaled $3,637,001, which is 0.6% less than parking revenues compared to the same period in FY 2025. This slight decrease is primarily due to outstanding FY 2026 parking citation revenues that have not yet been received. The decrease is largely offset by higher parking kiosk and meter revenues.
Operating expenses at the end of this same period, which include personnel costs, operating expenses, and contract services, totaled $1,594,724, which is 6.1% less than operating expenditures through the fourth quarter of FY 2025. The primary reason for this decrease is fewer personnel costs due to staff vacancies. The projected net operating income (revenues less operating expenses) through the fourth quarter of FY 2026 is $2,042,278. After accounting for one-time expenditures of $328,081, the projected ending balance of the Parking Enterprise Fund at the end of the fourth quarter is $4,064,084.
In addition to the ongoing expenses, there are one-time budgeted costs of $656,637 for one-time projects. These projects include $300,000 for the Public Safety Facility project to support the parking functions and related public safety support of parking functions; $150,000 for converting 320 and 330 Main Street lots to parking lots (which has been increased to $900,000 in FY 2027), $130,000 for lighting for the Price and Dolliver Street parking lots; $55,817 for the Addie Street Parking and Access Improvements project; $11,965 for additional parking meters; $4,855 for other projects; and $4,000 for a radio system upgrade and reliability project. After considering these one-time costs of $656,637 and assuming the remaining budget of $328,556 is either spent or carried forward to next fiscal year, the projected available fund balance is $3,735,528.
Parking Initiatives
The City has finalized an agreement with IPS Group for parking enforcement-related services. Parking and Police Department staff are currently coordinating with IPS on the transition to its integrated parking management platform. The implementation process is expected to take approximately 60 to 90 days, with the transition of services anticipated in late October.
IPS provides integrated parking management solutions, including citation processing, permitting, payment collection. The City is transitioning parking enforcement payments and related services to the IPS platform, which will integrate with the City's existing IPS and Vigilant license plate recognition technology. This integration will streamline citations, payments, permitting, and request-for-dismissal processing while reducing administrative workload. The transition is expected to improve both operational efficiency and the customer experience through more consistent and user-friendly parking services.
Staff continues to focus on improvements to the Paid Parking Program, particularly along Price Street. The new centralized paid parking kiosks have been delivered and are currently being programmed for their specific locations. Staff has also completed the design of new parking signs reflecting the recently approved three-hour parking regulations on Price Street. In addition, updated paid parking signs identifying revised Council Agenda 8-18-2026 9.C-2
payment options and hours of operation have been designed and will replace all existing paid parking signage on Price Street and throughout the City's paid parking lots.
FISCAL IMPACT:
There is no fiscal impact from this report, which is for information only.
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 8-18-2026 9.C-3