City Council and Concurrent Authorities
June 18, 2024

FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25
Actual Actual Projected Budget
Beginning Available Balance 5,567,438$ 4,944,780$ 4,943,431$ 4,922,751$ Revenues
Assessments 1,383,392 1,449,627 1,260,215 1,300,000 Operating Revenue/Fees 3,820,826 4,009,974 4,530,000 5,089,000 Parking Citations/Fines 440,266 601,701 660,000 670,000 Bond Proceeds - - 1,210,696 -
Other Revenues 244,520 249,583 227,000 208,000 Investment Proceeds (110,815) 153,023 - -
5,778,189 6,463,908 7,887,911 7,267,000
Expenditures
Administration 534,727 570,338 636,094 667,964 Other Services 15,991 55,962 153,000 105,754
Parking Operations 2,383,160 2,641,995 3,176,500 3,926,400 Parking Enforcement 516,746 680,962 627,617 783,935 Debt Service 2,745,285 1,345,315 2,487,663 2,485,369 Parking Improvements 204,938 1,170,685 1,597,717 - 6,400,847 6,465,257 8,678,591 7,969,422
Transfers
Transfer In - Other - - 770,000 -
Transfer Out - - - -
- - 770,000 -
Net Annual Activity (622,658) (1,349) (20,680) (702,422) Ending Available Balance 4,944,780$ 4,943,431$ 4,922,751$ 4,220,329$ Available Balance Calculation
Current Assets 5,068,850$
Current Liabilities (3,893,550)
Capital Appropriations 3,768,131
Ending Available Balance 4,943,431$
Economic Development Department
Parking Authority - 630
FY 2024-25 Annual Budget
EXHIBIT 1