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HomeMy WebLinkAbout11. 2017 Budget Presentation Hearing Session IV - VPA Parking GaragesParking Garages August 30, 2016 TABLE OF CONTENTS 601 PARKING GARAGE FUND ............................................................................. 2-14 1 City of South Bend, Indiana 2017 Budget Parking Garages - 601 Fund Summary - Operating and Capital Budget 2016 2017 Budget 2014 2015 Amended 30-Jun Proposed Forecast Variance% Description Actual Actual Budget Actual Budget 2018 2019 2020 2021 2016-2017 Change REVENUES Property Taxes- - - - - - - - - - - Local Income Taxes- - - - - - - - - - - Other Taxes- - - - - - - - - - - Grants/Intergovernmental- - - - - - - - - - - Charges for Services 876,771 890,228 925,296 491,248 986,129 1,000,000 1,000,000 1,010,000 1,010,000 60,833 6.6% Interfund Allocations- - - - - - - - - - - Fines & Forfeitures 77,131 78,191 130,875 32,286 95,900 80,000 80,000 80,000 80,000 (34,975) -26.7% Donations- - - - - - - - - - - Other Income 67,215 6,729 8,500 3,337 15,282 16,000 16,000 16,000 16,000 6,782 79.8% Transfers In- - - - - - - - - - - Total Revenue 1,021,117 975,148 1,064,671 526,871 1,097,311 1,096,000 1,096,000 1,106,000 1,106,000 32,640 3.1% EXPENDITURES BY PROGRAM 1 Parking Garage Property Management 994,870 1,023,630 1,031,022 1,088,495 1,096,052 994,870 - 2- - 3- - 4- - 5- - 6- - 7- - 8- - 9- - 10- - 994,870 1,023,630 1,031,022 1,088,495 1,096,052 EXPENDITURES BY TYPE Personnel Salaries & Wages- - - - - - - - - - - Fringe Benefits- - - - - - - - - - - Total Personnel- - - - - - - - - - - Supplies- - - - - - - - - - - Services & Charges Professional Services 549,072 632,093 621,927 363,936 650,308 656,811 663,379 670,013 676,713 28,381 4.6% Printing & Advertising - - - - - - - - - - - Utilities- - - - - - - - - - - Education & Training- - - - - - - - - - - Travel- - - - - - - - - - - Repairs & Maintenance 17,287 680,614 448,892 11,538 300,000 200,000 200,000 250,000 250,000 (148,892) -33.2% Payment In Lieu of Taxes- - - - - - - - - - - Other Interfund Allocations 33,781 29,091 66,914 33,462 40,362 41,169 41,993 42,832 43,689 (26,552) -39.7% Debt Service: Principal- - 232,695 - - 84,189 86,308 88,479 90,705 (232,695) -100.0% Interest & Fees- - 17,305 - - 37,261 35,142 32,971 30,745 (17,305) -100.0% Grants & Subsidies- - - - - - - - - - - Transfers Out- - - - - - - - - - - Other Services & Charges 3,202 3,994 4,200 2,423 4,200 4,200 4,200 4,200 4,200 - 0.0% Total Services & Charges 603,342 1,345,792 1,391,933 411,359 994,870 1,023,630 1,031,022 1,088,495 1,096,052 (397,063) -28.5% Capital 228,334 62,366 1,536 - - - - - - (1,536) -100.0% Total Expenditures by Type 831,676 1,408,158 1,393,469 411,359 994,870 1,023,630 1,031,022 1,088,495 1,096,052 (398,599) -28.6% Net Surplus / (Deficit)189,441 (433,010) (328,798) 115,512 102,441 72,370 64,978 17,505 9,948 Beginning Cash Balance 884,188 1,074,249 641,451 641,451 312,653 415,094 487,464 552,442 569,946 Cash Adjustments 190,061 (432,798) - - - - - - - Ending Cash Balance 1,074,249 641,451 312,653 756,963 415,094 487,464 552,442 569,946 579,894 Cash Reserves Target 207,919 352,040 348,367 102,840 248,718 255,908 257,755 272,124 274,013 25.00% Explain Significant Revenue and Expenditure Changes Below: This fund is used To account for the management of 3 downtown parking garages (Main & Colfax; Leighton; and Wayne). Also, provide parking enforcement for downtown and Eddy Street Commons area. Consultant currently conducting study on downtown parking conditions. Upon analysis of study results, we expect to adjust garage parking rates in 2017. Note: The Cash Reserves Target for this fund is equal to 25% of annual expenditures. 2 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue PARKINGGARAGEFUND601-0000-349.11-02HANDICAPPARKING 0 90 0 310 287 152 0------------------------------------------------------------------------------------ * 0 90 0 310 287 152 0 601-0000-351.00-00FINES&FEES 0 75 0 75 4 30 0------------------------------------------------------------------------------------*0750754300 601-0000-361.00-00INTERESTEARNINGS 2,316 754,0004,000 834 8344,000------------------------------------------------------------------------------------ * 2,316 754,0004,000 834 8344,000------------------------------------------------------------------------------------ **PARKINGGARAGEFUND 2,316 2404,0004,3851,1251,0164,000 3 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 601-0460-349.11-03DAILYPARKING 17,07619,76219,21219,21215,20912,35923,140 601-0460-349.11-04MONTHLYPARKING 174,053180,850172,164172,164111,21095,665191,439 601-0460-349.11-05VALIDATIONS 195 840 511 511 51 51 244 601-0460-349.11-06SPECIALEVENTS 43,85637,93360,00060,00029,50129,50152,381 601-0460-349.11-07KEYCARDINCOME 540 780 200 980 590 510 0------------------------------------------------------------------------------------ * 235,720240,165252,087252,867156,561138,086267,204 601-0460-360.00-00MISCELLANEOUSREVENUE 828 12 0 0 0 0 762------------------------------------------------------------------------------------ * 828 12 0 0 0 0 762------------------------------------------------------------------------------------ **MAINSTREETGARAGE 236,548240,177252,087252,867156,561138,086267,966 4 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 601-0462-349.11-03DAILYPARKING 24,75133,71520,33220,33226,26421,98847,226 601-0462-349.11-04MONTHLYPARKING 374,481373,395395,769395,769218,143201,668412,343 601-0462-349.11-05VALIDATIONS 11,25411,1739,3949,3946,1955,56318,235 601-0462-349.11-06SPECIALEVENTS 0 0 0 0 285 285 0 601-0462-349.11-07KEYCARDINCOME 5,5506,3856,09610,9964,4123,682 0------------------------------------------------------------------------------------ * 416,036424,668431,591436,491255,299233,186477,804 601-0462-360.00-00MISCELLANEOUSREVENUE 201- 4 0 0 7 79,680------------------------------------------------------------------------------------ * 201- 4 0 0 7 79,680 601-0462-380.10-86ENERGYREBATES 63,840 0 0 0 0 0 0------------------------------------------------------------------------------------ * 63,840000000------------------------------------------------------------------------------------ **LEIGHTONPLAZAGARAGE 479,675424,672431,591436,491255,306233,193487,484 5 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 601-0463-349.11-02HANDICAPPARKING 1,4852,085 02,1001,2121,138 0------------------------------------------------------------------------------------ * 1,4852,085 02,1001,2121,138 0 601-0463-351.00-00FINES&FEES 76,41177,836114,900114,90039,94632,25680,000------------------------------------------------------------------------------------ * 76,41177,836114,900114,90039,94632,25680,000 601-0463-361.00-00INTERESTEARNINGS 4716,634 04,5002,8122,496 0------------------------------------------------------------------------------------ * 4716,634 04,5002,8122,496 0------------------------------------------------------------------------------------ **PARKINGENFORCEMENT 78,36786,555114,900121,50043,97035,89180,000 6 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 601-0464-349.11-03DAILYPARKING 4,6795,7214,0004,0004,1753,3475,853 601-0464-349.11-04MONTHLYPARKING 218,459217,070229,248229,248136,415114,815234,575 601-0464-349.11-05VALIDATIONS 62 69 300 300 174 174 693 601-0464-349.11-06SPECIALEVENTS 0 0 0 0 300 300 0 601-0464-349.11-07KEYCARDINCOME 330 360 200 200 120 50 0------------------------------------------------------------------------------------ * 223,530223,220233,748233,748141,184118,686241,121 601-0464-360.00-00MISCELLANEOUSREVENUE 39- 4 0 0 0 0 840------------------------------------------------------------------------------------ * 39-40000840------------------------------------------------------------------------------------ **WAYNESTREETGARAGE 223,491223,224233,748233,748141,184118,686241,961 7 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDEstimated ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualRevenue 601-0465-351.00-00FINES&FEES 720 28015,90015,900 0 015,900------------------------------------------------------------------------------------ * 720 28015,90015,900 0 015,900------------------------------------------------------------------------------------ **EDDYSTREETCOMMONS 720 28015,90015,900 0 015,900------------------------------------------------------------------------------------ ***PARKINGGARAGEFUND 1,021,117975,1481,052,2261,064,891598,146526,8711,097,311 8 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures PARKINGGARAGEFUND601-0400-641.38-01PRINCIPAL 0 0232,695232,695 0 0 0 601-0400-641.38-02INTEREST 0 017,30517,305 0 0 0------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 0 0250,000250,000 0 0 0------------------------------------------------------------------------------------ **GENERALADMINISTRATION 0 0250,000250,000 0 0 0 9 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures601-0460-645.31-06OTHERPROFESSIONALSVCS133,781162,426143,118143,11895,71983,243150,258601-0460-645.31-70ADMFEEALLOCATION 5,7635,4978,4258,4254,9144,2128,100 601-0460-645.34-02LIABILITYINSURANCE 984 840 787 787 462 396 833 601-0460-645.36-01BUILDINGS 4,5411,45080,00080,000 0 0100,000 601-0460-645.39-39CREDITCARDCHARGES 2,4751,5772,2002,2001,1931,0032,200------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 147,544171,790234,530234,530102,28888,854261,391 601-0460-645.42-02BUILDINGS 25,0664,223 0 503 0 0 0------------------------------------------------------------------------------------ *CAPITAL 25,0664,223 0 503 0 0 0------------------------------------------------------------------------------------ **MAINSTREETGARAGE 172,610176,013234,530235,033102,28888,854261,391 10 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures601-0462-645.31-06OTHERPROFESSIONALSVCS223,655239,749243,745243,745165,066144,009269,549601-0462-645.31-70ADMFEEALLOCATION 13,1398,53822,36522,36513,04811,18412,096 601-0462-645.34-02LIABILITYINSURANCE 3,1563,4803,1343,1341,8271,5663,318 601-0462-645.36-01BUILDINGS 10,41523,61880,000286,30011,53811,538100,000 601-0462-645.39-38BADDEBT/UNCOLLECTNSFCK 5 0 0 0 0 0 0 601-0462-645.39-39CREDITCARDCHARGES 3701,7781,0001,0001,3401,1381,000------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 250,740277,163350,244556,544192,819169,435385,963 601-0462-645.42-02BUILDINGS 41,6894,223 0 503 0 0 0------------------------------------------------------------------------------------ *CAPITAL 41,6894,223 0 503 0 0 0------------------------------------------------------------------------------------ **LEIGHTONPLAZAGARAGE 292,429281,386350,244557,047192,819169,435385,963 11 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures601-0463-645.31-06OTHERPROFESSIONALSVCS72,37988,75190,97192,00860,38453,11985,077601-0463-645.31-70ADMFEEALLOCATION 2,3572,7012,8652,8651,6731,4343,343 601-0463-645.34-02LIABILITYINSURANCE 01,3202,9712,9711,7361,4881,901------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 74,73692,77296,80797,84463,79356,04190,321------------------------------------------------------------------------------------ **PARKINGENFORCEMENT 74,73692,77296,80797,84463,79356,04190,321 12 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures601-0464-645.31-06OTHERPROFESSIONALSVCS119,257141,167127,156127,15695,21783,565129,524601-0464-645.31-70ADMFEEALLOCATION 4,9623,93123,84323,84313,90911,9228,099 601-0464-645.34-02LIABILITYINSURANCE 3,4202,7842,5242,5241,4701,2602,672 601-0464-645.36-01BUILDINGS 2,331655,54680,00082,592 0 0100,000 601-0464-645.39-39CREDITCARDCHARGES 352 6391,0001,000 333 2821,000------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 130,322804,067234,523237,115110,92997,029241,295 601-0464-645.42-02BUILDINGS 161,57953,920 0 530 0 0 0------------------------------------------------------------------------------------ *CAPITAL 161,57953,920 0 530 0 0 0------------------------------------------------------------------------------------ **WAYNESTREETGARAGE 291,901857,987234,523237,645110,92997,029241,295 13 2016 2016 20166/30/162017 2014 2015OriginalAmendedYTDYTDProposed ACCOUNTNUMBERACCOUNTDESCRIPTION ActualActualBudgetBudgetActualActualExpenditures 601-0465-645.31-06OTHERPROFESSIONALSVCS 0 015,90015,900 0 015,900------------------------------------------------------------------------------------ *OTHERSERVICES&CHARGES 0 015,90015,900 0 015,900------------------------------------------------------------------------------------ **EDDYSTREETCOMMONS 0 015,90015,900 0 015,900------------------------------------------------------------------------------------ ***PARKINGGARAGEFUND 831,6761,408,1581,182,0041,393,469469,829411,359994,870 14