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Home My WebLink AboutExhibitMiami Parking Authority (Department of Off -Street Parking) Proposed Operating Budget Fiscal Year 2009- 10 (Submitted to the City of Miami Commission For Approval) (Approved by the Off -Street Board of Directors June 17, 2009) Miami Parking Authority Proposed FY 2010 Operating Budget Non -Operating Revenue: Investment Income Other Income Total Non -Operating Revenue Total Revenue Operating Expenses Income Available For Debt Service Non -Operating Expenses: Depreciation & Amortization Amortization of Advance Rentals Interest Expenses Excess Revenue Distribution to City of Miami Total Non -Operating Expenses Net Revenue In Excess of Expenses 1,372,431 963,643 631,549 75,000 (113,647) 1,258,784 963,643 631,549 75,000 21,927,461 22,373,957 22,906,271 23,023,023 14,849,524 14,889,171 15,634,796 14,707,743 7,077,937 7,484,786 7,271,475 8,315,280 2,490,210 FY 2008 FY 2009 FY 2009 FY 2010 10,271 10,271 Approved Projected Requested 2,700,000 Actual Budget Actual Budget Operating Revenue: 5,051,589 5,384,777 6,312,267 5,873,787 Garage Revenues $ 2,858,844 $ 2,852,322 $ 2,847,690 $ 3,560,250 Lot Revenues 7,545,968 8,889,686 8,268,337 7,971,243 On -Street Revenues 9,108,792 9,113,000 10,200,000 10,847,000 Towing 161,465 150,000 200,000 150,000 Administration Services 384,827 90,528 191,000 108,390 Management Fees 353,799 310,028 354,879 307,890 Other Revenues 254,982 4,750 212,816 3,250 Total Operating Revenue 20,669,677 21410 314 22 274,722 22,948 023 Non -Operating Revenue: Investment Income Other Income Total Non -Operating Revenue Total Revenue Operating Expenses Income Available For Debt Service Non -Operating Expenses: Depreciation & Amortization Amortization of Advance Rentals Interest Expenses Excess Revenue Distribution to City of Miami Total Non -Operating Expenses Net Revenue In Excess of Expenses 1,372,431 963,643 631,549 75,000 (113,647) 1,258,784 963,643 631,549 75,000 21,927,461 22,373,957 22,906,271 23,023,023 14,849,524 14,889,171 15,634,796 14,707,743 7,077,937 7,484,786 7,271,475 8,315,280 2,490,210 2,650,000 2,601,996 2,775,750 10,269 10,271 10,271 10,271 1,551,110 2,724,506 2,700,000 3,087,766 1000 000 17,862 1,000,000 (45,909) 5,051,589 5,384,777 6,312,267 5,873,787 $ 2,026,348 $ 2,100,009 $ 959,208 $ 2,441,493 Requested Budget 2010 VS. 2008 Actual Budget 2009 Projected 2009 lucrease/(Decrease) $ 701,406 $ 707,928 $ 712,560 425,275 (918,443) (297,094) 1,738,208 1,734,000 647,000 (11,465) - (50,000) (276,437) 17,862 (82,610) (45,909) (2,138) (46,989) (251,732) (1,500) (209,566) 2,279,346 1,537,709 673,301 (1,297,431) (888,643) (556,549) 113,647 (1,183,784) (888,643) (556,549) 1095 562 649,066 116,752 (141,781) (181,428) (927,053) 1,237,343 830,494 1,043,805 285,540 125,750 173,754 2 1,536,656 363,260 387,766 (1,000,000) (1,000,000) 822,198 489,010 (438,480) $ 415,145 $ 341,484 $ 1,482,285 Requested Budget 2010 VS. 2008 Actual Budget2009 Projected 2009 increasel(Decrease) 24.53 % 24.82 % 25.02 % 5.64 (10.33) (3.59) 19.08 19.03 6.34 (7.10) - (25.00) (71.83) 19.73 (43.25) (12.98) (0.69) (13.24) (98.73) (31.58) (98.47) 1.1.03 7.18 3.02 (94.54) (92.22) (88.12) (100.00) (94.04) (92.22) (88.12) 5.00 2.90 0.51 (0.95) (1.22) (5.93) 17.48 11.10 14.35 11.47 4.75 6.68 0.02 - - 99.07 13.33 14.36 (100.00) (100.00) 16.28 9.08 (6.95) 20.49 % 16.26 % 154.53 % MIAMI PARKING AUTHORITY Budget Worksheets for FY 2010 Operating Revenue Off -Street Facilities Parking Lots On -Street Facilities Towing Administration Services Management Fees Otter Total Operating Revenue Operating Expenses Salaries, Wages & Fringe Benefits Repairs, Maintenance, Cleaning & Landscape Security Utilities Insurance Rental - Building/Land Revenue Sharing Parking Meter Parts & Installation Legal and Professional Bank Charges Supplies & Miscellaneous Other Expenses Advertising & Promotion Total Operating Expenses Operating Results Before Depr & Amort Depreciation & Amortization Operating Results Non -Operating Revenues (Expenses): Interest Income Lower of Cost of Market - Investments Gain (Loss) on Disposal Property Amortization of Advance Rentals Interest Expenses Excess Revenue Distribution to City of Miami Total Non -Operating Net Revenae /n Excess of Expenses FY 2008 FX 2009 FY 2009 FY 2010 Approved Projected Requested Actual Budget Actual Budget $ 2,858,844 $ 2,852,322 $ 2,847,690 S 3,560,250 7,545,968 8,889,686 8,268,337 7,971,243 9,108,792 9,113,000 10,200,000 10,847,000 161,465 150,000 200,000 150,000 384,827 90,528 191,000 108,390 353,799 310,028 354,879 307,890 254,982 4,750 212,816 3,250 20,668,677 21,410,314 22,274,722 22,948,023 6,914,010 7,347,151 7,443,602 7,068,054 1,453,714 891,400 891,372 908,750 852,624 927,930 1,097,289 1,162,200 582,404 673,274 677,402 713,600 1,229,119 978,927 989,599 836,219 282,651 258,004 558,005 258,005 I,332,481 1,759,042 1,750,771 1,500,110 479,709 92,000 90,488 128,900 477,893 836,000 837,037 833,000 441,940 298,500 470,000 475,000 207,412 224,475 226,337 217,250 312,870 297,468 292,619 269,655 282,697 305,000 310,275 337,000 14,849,524 14,889,171 15,634,796 14,707,743 5,819,153 6,521,143 6,639,926 8,240,280 2,490,210 2650000 2,601,996 2 775750 3,328,943 3,871,143 4,037,930 5,464,530 1,372,431 963,643 631,549 75,000 (59,486) - - - (54,161) (11,465) - (50,000) (10,269) (10,271) (10,271) (10,271) (1,551,110) (2,724,506) (2,700,000) (3,087,766) (1,000,000) 2,279,346 (1,000,000) 673,301 (1,302,595) (1,771,134) (3,078,722) (3,023,037) $ 2,016,348 S 1,100,009 $ 959,108 $ 2,441,49.1 Requested Budget 2010 VS. 2008 Actuals Budget 2009 Projected 2009 Increasel(Decrease) $ 701,406 S 707,928 $ 712,560 425,275 (918,443) (297,094) 1,738,208 1,734,000 647,000 (11,465) - (50,000) (276,437) 17,862 (82,610) (45,909) (2,138) (46,989) (251,732) (1,500) (209,566) 2,279,346 1,537,709 673,301 154,044 (279,097) (375,548) (544,964) 17,350 17,378 309,576 234,270 64,911 131,196 40,326 36,198 (392,900) (142,708) (153,380) (24,646) 1 (300,000) 167,629 (258,932) (250,661) (350,809) 36,900 38,412 355,107 (3,000) (4,037) 33,060 176,500 5,000 9,838 (7,225) (9,087) (43,215) (27,813) (22,964) 54,303 32,000 26,725 (141,781) (181,428) (927,053) 2,421,127 1,719,137 1,600,354 285,540 125,750 173,754 2,135,587 1,593,387 1,426,600 (1,297,431) (888,643) (556,549) 59,486 54,161 (2) (1,536,656) (363,260) (387,766) 1,000,000 1,000,000 (1,720,442) (1,251,903) 55,685 S 415,145 S 341,484 S 1,482,285 Requested Budget 2010 VS. 2008 Actuals Budget2009 Projected 2009 Incresse/(Decrease) 24.53 % 24.82 % 25.02 % 5.64 (10.33) (3.59) 19.08 19.03 6.34 (7.10) - (25.00) (71.83) 19.73 (43.25) (12.98) (0.69) (13.24) (98.73) (31.58) (98.47) 11.03 7.18 3.02 2.23 (3.80) (5.05) (37.49) 1.95 1.95 36.31 25.25 5.92 22.53 5.99 5.34 (31.97) (14.58) (15.50) (8.72) 0.00 (53.76) 12.58 (14.72) (14.32) (73.13) 40.11 42.45 74.31 (0.36) (0.48) 7.48 59.13 1.06 4.74 (3.22) (4.01) (13.81) (9.35) (7.85) 19.21 10.49 8.61 (0.95) (1.22) (5.93) 41.61 26.36 24.10 11.47 4.75 6.68 64.15 41.16 35.33 (94.54) (92.22) (88.12) (100.00) (100.00) - 0.02 - - 99.07 13.33 14.36 (100.00) (100.00) 132.08 70.68 (1.81) 20.49 % 16.26 % 154.53 %