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520 Parking Services Fund
<br />FY20 FY20 FY20
<br />Adopted SB1 Action Revised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL 3,201,494 (1,851,240)a 1,350,254
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Rental 638,105 0 638,105
<br /> Charges for Services 6,147,858 95,000 b 6,242,858
<br /> Fines/Forfeitures 1,224,500 0 1,224,500
<br /> Miscellaneous 70,000 0 70,000
<br />Total Revenue 8,080,463 95,000 8,175,463
<br />TOTAL RESOURCES 11,281,957 (1,756,240)9,525,717
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services 399,788 (683)c 399,105
<br /> Planning and Development 6,376,876 (319,650)b,c,e 6,057,226
<br /> Public Works 93,033 0 93,033
<br />Total Department Operating 6,869,697 (320,333)6,549,364
<br />Capital Projects
<br /> Capital Projects 1,000,000 (170,137)a,e 829,863
<br /> Capital Carryover 1,617,987 (833,097)d 784,890
<br />Total Capital Projects 2,617,987 (1,003,234)1,614,753
<br />Non-Departmental
<br /> Debt Service 26,250 0 26,250
<br /> Interfund Transfers 1,185,350 0 1,185,350
<br /> Special Payments 150,000 0 150,000
<br /> Balance Available 432,673 (432,673)a,c,d,e 0
<br />Total Non-Departmental 1,794,273 (432,673)1,361,600
<br />TOTAL REQUIREMENTS 11,281,957 (1,756,240)9,525,717
<br />520 Parking Services Fund
<br />c) Encumbrance Estimate Reconciliation: Reduce Central Services Department operating appropriations by $683
<br />and Planning and Development Department operating appropriations by $484,650 to reconcile the amount estimated
<br />for payment of obligations incurred but not paid in FY19 to the actual amount paid, and increase Balance Available by
<br />the same amount.
<br />a) Beginning Working Capital Reconciliation : Decrease the budgeted Beginning Working Capital by $1,851,240,
<br />decrease Capital Projects by $250,137 and decrease Balance Available by $1,601,103. This adjustment brings the
<br />FY20 Budgeted Beginning Working Capital in compliance with the audited FY19 actual revenues and expenditures as
<br />determined by Isler CPA, the City's external auditor.
<br />d) Capital Carryover Reconciliation: Decrease Capital Carryover appropriations by $833,097 and increase Balance
<br />Available by the same amount. This adjustment reconciles the FY20 Capital Carryover Estimate to the actual ending
<br />FY19 capital projects balance.
<br />e) One-Time Funding Requests: Increase Capital Projects appropriation by $80,000 for Deck Coating Project,
<br />decrease Balance Available by $150,000 for Overpark and Parcade gate-arm upgrades and increase Planning and
<br />Development Department operating appropriations by $70,000.
<br />b) New Revenues: Recognize Charges for Services revenue in the amount of $95,000 as a result of 13th and Olive
<br />parking garage space rental and permit sales and increase the Planning and Development Department operating
<br />appropriations by the same amount.
<br />December 9, 2019, Meeting – Item 4CC Agenda - Page 319
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