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THE CITY OF SOUTH BEND
<br />2003 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2002
<br />PARKING GARAGES (Fund #601) -Main/Colfax, St. Joseph/Jefferson
<br />and Leighton Plaza Garages
<br /> 2001 2002 2002 Anticipated 2003
<br /> Actual Actual Budget Changes Budget
<br />REVENUE:
<br />Garage Revenue:
<br />Main Street /Colfax Ave Garage 157,256 169,452 161,050 (5,570) a 155,480
<br />St. Joseph /Jefferson Street Garage 129,548 135,782 151,690 0 a 151,690
<br />Leighton Plaza Garage 225,782 243,564 274,920 (58,920) a 216,000
<br />Total Garage Parking Revenue 512,586 548,798 587,660 (64,490) 523,170
<br />On-Street Parking Fines and Fees 126,347 163,645 120,000 0 120,000
<br />Miscellaneous Other Revenue 195 15,760 1,260 (420) 840
<br />Total Revenue 639,128 728,203 708,920 (84.910) 844,010
<br />Total Revenuelncrease/(Decrease) (84,910)
<br />Revenue Increase/(Decrease) as a Percent _g,2%
<br /> 2001 2002 2002 Anticipated 2003 % of
<br /> Actual Actual Budget Changes Budget Change
<br />EXPENDITURES:
<br />Services Provided by AMPCO (costs reimbursed by City):
<br />Operating Costs -Main/Colfax Garage:
<br />Labor Costs (Salaries & Benefits) 50,683 89,060 55,878 26,254 82,132
<br />Supplies 2,272 2,922 3,600 0 3,600
<br />Other Services & Operating Costs 53,380 75,058 66,981 818 67,799
<br />Total Operating Costs -Main/Colfax Garage 106,335 167,040 126,459 27,072 153,531 21.4%
<br />Operating Costs - St. Joseph/Jefferson Garage:
<br />Labor Costs (Salaries & Benefits) 45,160 64,742 57,120 (300) 56,820
<br />Supplies 1,253 2,349 1,980 0 1,980
<br />Other Services & Operating Costs 49,609 52,590 57,834 0 57,834
<br />Total Operating Costs - St. Joseph/Jefferson Garage 96,022 119,681 116,934 (300) 116,834 -0.3°h
<br />Operating Costs -Leighton Plaza Garage:
<br />Labor Costs (Salaries & Benefits) 44,350 79,512 56,052 0 56,052
<br />Supplies 1,584 3,370 4,788 0 4,788
<br />Other Services & Operating Costs 123,027 144,718 100,572 180 100,752
<br />Total Operating Costs -Leighton Plaza Garage 188,961 227,800 181,412 180 161,592 0.1%
<br />Total Operating Costs -All Three Garages 371,318 514,321 404,805 26,952 431,757 6.7%
<br />Other Services and Other Uses:
<br />On-Street Parking Enforcement Costs (AMPCO) 30,104 42,766 45,000 0 45,000
<br />City Liability Insurance Allocation 18,182 18,333 18,333 14,275 32,608
<br />Accounting /Audit Fees (external audit for financing) 600 5,900 fi,500 (6,500) 0
<br />Admin Fees (General Fund) 17,237 14,908 14,906 (4,792) 10,114
<br />Total Other Services & Other Uses 66,123 81,905 84,739 2,983 87,722 3.5%
<br />Financing Costs:
<br />Lease Payments due to Parking Facilities of SB i ___~__~~ _ 0
<br />Total Financing Costs
<br />Total Expenditures 29.935 519,479
<br />
<br />Total Expenditures Increase/(Decrease) 29,935
<br />Expenditures Increasel(Decrease) as a Percent 6.1%
<br />
<br />Revenue Over / (Under) Expenditures (excluding Debt) 201,687 131,977 219,378 (94,845) 124,531
<br />Revenue Over I (Under) Total Expenditures (68,597) b 131,977 b 219,378 b 124,531 b
<br />
<br />Net Operating Revenue (excluding city-wide allocations and debt service):
<br />Main Street /Colfax Avenue Garage 50,921 2,412 34,591 1,949
<br />St. Joseph /Jefferson Street Garage 33,526 16,101 34,756 35,056
<br />Leighton Plaza Garage 56,821 15,984 113,508 54,408
<br />On-Street Parking Enforcement (and other mist revenue) 96,438 136,639 76,260 75,840
<br /> 237,706 171,116 259,115 187,253
<br />City-wide allocations and debt service expenditures (308,303) 39,139 (39,739) (42.722)
<br /> (68,597) 137,977 219.376 124,531
<br />- continued -
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