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THE CITY OF SOUTH BEND
<br />2007 BUDGET -SUMMARY OF MAJOR CHANGES FROM 2006
<br />PARKING GARAGES (Fund #601) -Main/Colfax & Leighton Plaza Garages
<br />REVENUE:
<br />Garage Revenue:
<br />Main Street /Colfax Ave Garage
<br />Wayne Street Garage
<br />Leighton Plaza Garage
<br />Total Garage Parking Revenue
<br />On-Street Parking Fines and Fees
<br />Miscellaneous Other Revenue
<br />Total Revenue
<br />Total Revenue Increase/(Decrease)
<br />Revenue Increase/(Decrease) as a Percent
<br />2005 2006 2006 Anticipated 2007
<br />Actual Projection Budget Changes Budget
<br />248,710 223,869 208,460 13,805 222,265
<br />0 0 0 176,502 176,502 c
<br />336,663 337,906 373,339 5,501 378,840
<br />585,373 561,775 581,799 195,808 777,607
<br />179,519 211,553 211,553 (41,531) 170,022
<br />1,330 10,050 0 0 0
<br />766,222 783,378 793,352 154,277 947,629
<br />154, 277
<br />19.4%
<br /> 2005 2006 2006 Anticipated 2007 % of
<br /> Actual Projection 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) 86,111 83,871 84,140 (84,140) 0
<br />Supplies 3,745 3,590 6,144 (6,144) 0
<br />Other Services & Operating Costs 76,923 100,029 102,238 121,354 b 223,592
<br />Total Operating Costs-Main/Colfax Garage 166,779 187,490 192,522 31,070 223,592 16.1%
<br />
<br />Operating Costs -Wayne Street Garage:
<br />Labor Costs (Salaries & Benefits) 0 0 0 0 0
<br />Supplies 0 0 0 0 0
<br />Other Services & Operating Costs 0 0 0 186,701 b 186,701 c
<br />Total Operating Costs - St. Joseph/Jefferson Garage 0 0 0 186,701 186,701 0.0%
<br />
<br />Operating Costs -Leighton Plaza Garage:
<br />Labor Costs (Salaries & Benefits) 127,679 137,790 121,099 (121,099) 0
<br />Supplies 5,593 5,716 5,868 (5,868) 0
<br />Other Services & Operating Costs 143,480 122,181 158,789 161,079 b 319,868
<br />Total Operating Costs -Leighton Plaza Garage 276,752 265,687 285,756 34,112 319,868 11.9%
<br />
<br />Total Operating Costs -All Three Garages 443,531 453,177 478,278 251,883 730,161 52.7%
<br />
<br />Other Services and Other Uses:
<br />On-Street Parking Enforcement Costs (AMPCO) 56,035 53,615 65,117 9,313 b 74,430
<br />City Liability Insurance Allocation 0 45,601 20,103 (20,103) b 0
<br />Admin Fees (General Fund) 13,231 11,597 12,442 (12,442) b 0
<br />Total Other Services & Other Uses 69,266 110,813 97,662 (23,232) 74,430 -23.8%
<br />
<br />Total Expenditures 512,797 563,990 575,940 228,651 804,591
<br />
<br />Total Expenditures Increase/(Decrease) 228,651
<br />Expenditures Increase/(Decrease) as a Percent 39.7%
<br />
<br />Revenue Over / (Under) Expenditures (excluding Debt) 253,425 219,388 217,412 (74,374) 143,038
<br />
<br />Revenue Over / (Under) Total Expenditures 253,425 a 219,388 a 217,412 a 143,038 a
<br />
<br />Net Operating Revenue (excluding city-wide allocations and debt service):
<br />Main Street /Colfax Avenue Garage 81,931 36,379 15,938 (1,327)
<br />Wayne Street Garage 0 0 0 (10,199) c
<br />Leighton Plaza Garage 59,911 72,219 87,583 58,972
<br />On-Street Parking Enforcement (and other misc revenue) 124,814 167,988 146,436 95,592
<br /> 266,656 276,586 249,957 143,038
<br />City-wide allocations and debt service expenditures (13,231) (57,198) (32,545) 0
<br /> 253,425 219,388 217,412 143,038
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