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520 Parking Services Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 2,616,260 (448,162) a 2,168,098
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Rental 520,605 0 520,605
<br /> Charges for Services 5,380,140 150,000 b 5,530,140
<br /> Fines/Forfeitures 1,351,500 0 1,351,500
<br /> Miscellaneous 185,000 0 185,000
<br /> Fiscal Transactions 750,000 0 750,000
<br />Total Revenue 8,187,245 150,000 8,337,245
<br />TOTAL RESOURCES 10,803,505 (298,162)10,505,343
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Central Services 395,512 0 395,512
<br /> Planning and Development 6,293,570 (49,726) b,c,e 6,243,844
<br /> Public Works 90,061 0 90,061
<br />Total Department Operating 6,779,143 (49,726)6,729,417
<br />Capital Projects
<br /> Capital Projects 1,500,000 140,000 e 1,640,000
<br /> Capital Carryover 220,633 (63,244) c 157,389
<br />Total Capital Projects 1,720,633 76,756 1,797,389
<br />Non-Departmental
<br /> Debt Service 26,250 0 26,250
<br /> Interfund Transfers 1,119,350 0 1,119,350
<br /> Balance Available 1,158,129 (325,192) a,c,d,e 832,937
<br />Total Non-Departmental 2,303,729 (325,192)1,978,537
<br />TOTAL REQUIREMENTS 10,803,505 (298,162)10,505,343
<br />520 Parking Services Fund
<br />c) Encumbrance Estimate Reconciliation: Reduce the Planning and Development Department operating
<br />appropriations by $499,726 to reconcile the amount estimated for payment of obligations incurred but not paid in
<br />FY18 to the actual amount paid, and increase Balance Available by the same amount.
<br />a) Beginning Working Capital Reconciliation: Decrease the budgeted Beginning Working Capital by
<br />$448,162 and decrease Balance Available by the same amount. This adjustment brings the FY19 Budgeted
<br />Beginning Working Capital in compliance with the audited FY18 actual revenues and expenditures as
<br />determined by Isler & Company, LLC, the City's external auditor.
<br />d) Capital Carryover Reconciliation: Decrease Capital Carryover appropriations by $63,244 and increase
<br />Balance Available by the same amount. This adjustment reconciles the FY19 Capital Carryover Estimate to the
<br />actual ending FY18 capital projects balance.
<br />e) One-Time Funding Requests: Increase Planning and Development Department operating appropriations by
<br />$300,000 for Overpark Garage Chiller replacement, increase Capital Projects appropriation by $140,000 for City
<br />Hall block temporary surface parking lot, and decrease Balance Available by $440,000.
<br />b) New Revenues: Recognize Charges for Services revenue in the amount of $150,000 as a result of
<br />downtown and campus parking rate increases. Increase the Planning and Development Department operating
<br />appropriations by the same amount for partial funding downtown ambassadors and to fund a downtown Parking
<br />and Mobility Services study.
<br />29 December 10, 2018, Meeting – Item 5
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