PISMO BEACH CITY COUNCIL STAF REPOR
Agenda Item #9.C
Meetin Date: October 20, 2026
TITLE:
Quarterly Paid Parking Update & Price Street Update
RECOMMENDATION:
No action recommended, for information only
BACKGROUND
This report provides the City Council and public with information on preliminary actual revenues and expenditures for Fiscal Year (FY) 2027 for the quarter ending September 30, 2026, and the current balance of the Parking Enterprise Fund. This report also provides an update on parking initiatives.
FY 2027 Financial Update
Table 1 details the preliminary actual revenues and expenditures for the first quarter of FY 2027 compared to the first quarter of FY 2026.
Table 1: Parking Enterprise Fund Revenues & Expenditures through 1st Quarter
FY 2027 1st
Quarter Actuals
FY 2026 1st
Quarter Actuals
Variance FY26
v FY27 ($)
ariance FY26 v
FY27 (%)
July 1st Beginning Fund Balance 4,013,021$ 1,983,202$ 2,029,819$ 102.4%
REVENUES
Parking Citations 52,060 86,459 (34,399) -39.8% Interest Earnings 7,234 6,230 1,004 16.1% Parking Kiosks/Meters 1,087,569 992,403 95,166 9.6% Parking Permits 2,601 1,610 991 61.6% Miscellaneous Revenue (774) 1,094 (1,867) -170.7% TOTAL REVENUES 1,148,691$ 1,087,796$ 60,895$ 5.6%
EXPENDITURES
Salaries & Wages 63,391$ 59,737$ 3,654$ 6.1% Benefits 47,675 27,847 19,828 71.2% Purchased Professional Services 2,232 2,641 (409) -15.5% Other Purchased Services 4,622 1,691 2,932 173.4% Operations and Maintenance 12,395 15,963 (3,567) -22.3% Other Expenses 126,836 108,132 18,704 17.3% TOTAL OPERATING EXPENSES 257,152$ 216,011$ 41,141$ 19.0% NET INCOME / (LOSS) As of
September 30, 2025
891,539$ 871,785$ 19,754$ 2.3% One-time Expenditures 16,992$ 26,711$ (9,720)$ -36.4% June 30, 2027 Ending Fund
Balance
4,887,569$ 2,828,276$ 2,059,293$ 72.8% Carryforward One-time projects 1,432,064$ 626,616$ 805,448$ 128.5% June 30, 2027 Available Ending
Fund Balance
3,455,505$ 2,201,660$ 1,253,845$ 56.9% *FY 2027 Beginning Fund balance is an estimate only.
*FY 2026 Available Ending Fund Balance is an estimate until revenues and expenditures are final and audited.
Council Agenda 10-20-2026 9.C-1
As shown in Table 1, the preliminary estimate of revenues of the Parking Enterprise Fund at the end of the first quarter of FY 2027 (ending September 30, 2026) totaled $1,148,691, which is 5.6% greater parking revenues compared to the same period in FY 2026.
Operating expenses at the end of this same period, which include personnel costs, operating expenses, and contract services, totaled $257,152, which is 19.0% greater than operating expenditures through the first quarter of FY 2026. The projected net operating income (revenues less operating expenses) through the first quarter of FY 2027 is $891,539. After accounting for one-time expenditures of $16,992, the projected ending balance of the Parking Enterprise Fund at the end of the first quarter is $4,887,569.
In addition to the ongoing expenses, there are one-time budgeted costs of $1,449,056 for one-time projects. These projects include $899,752 for converting 320 and 330 Main Street lots to parking lots, $430,000 for lighting in the Price and Dolliver Street parking lots; $70,500 for Price Street parking signs; $39,005 for the Addie Street Parking and Access Improvements project; $5,799 for additional parking meters; $4,000 for a radio system upgrade and reliability project. After considering these one-time costs of $1,449,056 and assuming the remaining budget of $1,432,064 is either spent or carried forward to next fiscal year, the projected available fund balance is $3,455,505.
Parking Initiatives
The City has continued to manage its paid parking program with the goal of improving availability, supporting business vitality, and generating revenue for reinvestment in community services. In June 2021, the City Council adopted Resolution R-2021-057 establishing Price Street as a paid parking corridor. Over the following two years, staff worked with the Council to refine configuration options, which included a presentation in February 2023 on diagonal parking and a subsequent update in October 2023 outlining possible modifications. Construction began in June 2024, and installation of poles and meters was completed by November 2024. Price Street officially became fully operational as a paid parking program in 2025.
The Price Street Paid Parking Program has been a milestone for the City, as it represents the first expansion of paid parking outside the traditional downtown core. Following the Council resolution in 2021 and subsequent planning efforts, the corridor was reconstructed, and meters were activated in early 2025. Community outreach has been an integral component of this project. Staff met directly with the business community on Price Street to ensure they were informed of the new system and its impacts. The City’s website was updated with detailed information, and fliers were distributed both to existing residential parking pass holders and to all city residents, highlighting the benefits of the $35 resident-only parking pass. Public service videos were produced to explain how to use the parking technology, and City leaders frequently engaged with residents during community events to answer parking-related questions. In addition, extensive signage was installed along Price Street, including medallions at each parking stall, to ensure clarity for users.
Council Agenda 10-20-2026 9.C-2
Staff have completed the installation of centralized pay kiosks on Price Street. All existing parking meters have been removed and will be repurposed to replace outdated parking meters on Cypress Street and Hinds Avenue. Staff anticipates beginning these meter replacements before the end of October. New parking signs have also been installed along Price Street to communicate the updated parking regulations, including three-hour parking Monday through Thursday and paid parking Friday through Sunday. The new signs also provide information on the available payment options. The centralized pay kiosks became fully operational during the weekend of October 9, 2026. Parking staff continues to monitor kiosk operations and address any issues as they arise. The new kiosks provide customers with multiple payment options, including payment at the kiosks, text-to-pay, and QR code payments accessed through signage and kiosks. An additional feature allows customers to extend their paid parking session remotely without returning to their vehicles. These improvements are intended to increase convenience, improve the customer experience, and support the continued operation of the City’s Paid Parking Program.
The City has executed a new contract with IPS to support parking enforcement payment processing and related parking operations. Staff is currently working with IPS representatives to develop and configure the IPS platform for Pismo Beach’s Paid Parking Program. The platform is expected to integrate with the City’s existing IPS and Vigilant license plate recognition technology and provide a centralized system for managing parking citations, adjudication, permitting, and reporting. This integration will allow parking enforcement officers to continue using familiar IPS technology and handheld tools while improving operational efficiency and reducing administrative workload. Staff anticipates completing platform development and implementation by the end of November. Once implemented, the IPS platform is expected to streamline parking enforcement operations and provide a more consistent and efficient customer service experience.
FISCAL IMPACT:
There is no fiscal impact from this report, which is for information only ATTACHMENTS:
None
Prepared by:
Marc Arroyo, Finance Supervisor
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 10-20-2026 9.C-3