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HomeMy WebLinkAboutExhibit SUBMIAMI PARKING AUTHORITY Schedule of Revenue and Expenses Proposed FY 2011 Operating Budget ** Revised 9-24-2010 ** FY 2009 FY 2010 FY 2011 3,648,675 3,043,316 Approved Proposed (117,524) Actual Budget Budget Operating Revenue $ $ $ Off -Street Facilities 2,764,712 3,560,250 3,672,074 Parking Lots 7,764,915 7,971,243 7,876,833 On -Street 10,241,641 10,847,000 13,890,316 Management Fees 535,087 416,280 390,796 Other 317,524 153,250 200,000 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 & Aman Depreciation & Amortization Operating Results Non -Operating Revenues (Expenses): Interest Income Lower of Cost of Market - Investments Gain (Loss) on Disposal Property Interest Expenses Total Non -Operating Net Revenue In Excess of Expenses Operating Results Interest Income Income Available For Debt Service 21,623,879 22,948,023 26,030,019 Requested Budget 2011 vs. FY 2009 Actual Budget 2010 Increase/(Decrease) 907,362 111,824 111,918 (94,410) 3,648,675 3,043,316 (144,291) (25,484) (117,524) 46,750 4,406,140 3,081,996 OfRequested Budget 2011 vs. FY 2009 Actual Budget 2010 Increase/(Decrease) 32.82 3.14 1.44 (1.18) 35.63 28.06 (26.97) (6.12) (37.01) 30.51 2038 13.43 7,172,999 7,068,054 6,470,962 (702,037) (597,092) (9.79) (8.45) 1,155,118 908,750 859,450 (295,668) (49,300) (25.60) (5.43) 1,026,145 1,162,200 831,873 (194,272) (330,327) (18.93) (28.42) 649,849 713,600 721,950 72,101 8,350 11.10 1.17 804,418 836,219 762,574 (41,844) (73,645) (5.20) (8.81) 483,004 258,005 729,976 246,972 471,971 51.13 182.93 1,553,978 1,500,110 1,269,577 (284,401) (230,533) (18.30) (15.37) 285,208 128;900 115,200 (170,008) (13,700) (59.61) (10 63) 833,364 833,000 805,000 (28,364) (28,000) (3.40) (3.36) 494,986 475,000 760,000 265,014 285,000 53.54 60.00 203,002 217,250 203,450 448 (13,800) 0.22 (6.35) 411,425 269,655 211,645 (199,780) (58,010) (48.56) (21.51) 241,873 337,000 221,500 (20,373) (115,500) (8.42) (34.27) 15,315,369 14,707,743 13,963,157 (1,352,212) (744,586) (8.83) (5.06) 6,308,510 8,240,280 12,066,862 5,758,352 3,826,582 9128 46.44 (2,545,454) (2,786,021) (3297,505) (752,051) (511,484) 29.54 18.36 3,763,056 5,454,259 8,769,357 5,006,301 3,315,098 133.04 60.78 332,934 75,000 75,000 (257,934) - 78,099 - - (78,099) - (1,024,037) (3,087,766) (3,616,862) (2,592,825) (529,096) (613;004) (3;012,766) (3,541,862) (2,928,858) (529,096) 3,150,052 2,441,493 5,227,495 2,077,443 2,786,002 6,308,510 8,240,280 12,066,862 411,033 75,000 75,000 6,719,543 8,315,280 12,141,862 14,707,743 Approved FY 2010 13,963,157 Revised FY 2011 744,586 Reduction of FY 2011 5.06% % Cut From FY 2010 Less: Debt Service - Interest Expenst 2,541,529 3,087,766 3,616,862 Other Factors Less: Debt Service - Principal Reductio: 950,000 985,000 1,025,000 326,000 FDOT Less: Interest Income - Restrictet 130;750 - - 285;000 Credit Cards Less: Capital Replacement Reserv( 1,091,525 242,514 - 1,355,586 Total Cuts Excess Revenue To City 2,005,739 4,000,000 7,500,000 922% Total (77.47) (100.00) 253.20 17.14 477.79 17.56 65.95 114.11 MIAMI PARKING AUTHORITY Schedule of Revenue and Expenses Proposed FY 2011 Operating Budget ** Revised 9-24.2010 ** FY 2009 FY 2010 FY 2011 Requested Budget 2011 Requested Budget 2011 Approved Proposed vs. vs. Actual Budget Budget FY 2009 Actual Budget 2010 FY 2009 Actual Budget 2010 $ $ $ Increase/(Decrease) Increase/(Decrease) Operating Revenue Off -Street Facilities 2,764,712 3,560,250 3,672,074 907,362 111,824 32.82 3.14 Parking Lots 7,764,915 7,971,243 7,876,833 111,918 (94,410) 1.44 (1.18) On -Street 10,241,641 10,847,000 13,890,316 3,648,675 3,043,316 35.63 28.06 Management Fees 535,087 416,280 390,796 (144,291) (25,484) (26.97) (6.12) Other 317,524 153,250 200,000 (117,524) 46,750 (37.01) 30.51 Total Operating Revenue 21,623,879 22,948,023 26,030,019 4,406,140 3,081,996 20.38 13;43 Operating Expenses Salaries. Wages & Fringe Benefits Salaries - Regular 4,915,891 4,965,520 4,595,702 (320,189) (369,818) (6.51) (7.45) Salaries - Overtime 259,464 158,274 126,674 (132,790) (31,600) (51.18) (19.97) Salaries - Sick&Vacation 441,254 299,807 340,117 (101,137) 40,310 (22.92) 13,45 Social Security 381,721 367,019 340,402 (41,319) - (26,617) (10.82) (7.25) Health Insurance 524,147 554,201 402,256 (121,891) (151,945) (23.26) (27.42) Retirement 451,707 526,214 513,985 62,278 (12,229) 13.79 (2.32) Benefits -(Auto,LTD, STD) 165,403 145,769 130,826 (34,577) (14,943) (20.90) (10.25) Tuition 7,579 19,000 16,000 8,421 (3,000) 111.11 (15.79) Miscellaneous Pay 25,832 32,250 5,000 (20,832) (27,250) (80.64) (84.50) 7,172,998 7,068,054 6,470,962 (702,036) .(597,092) (9.79) (8.45) Reuairs. Maintenance, Cleaning &Landscape Maintenance -Property 248,275 147,850 152,300 (95,975) 4,450 (38.66) 3.01 Maintenance -Landscaping 67,227 46,000 36,500 (30,727) (9,500) (45.71) (20.65) Maintenance -Elevators 150,491 78,000 109,400 (41,091) 31,400 (27.30) 40.26 Maintenance - A/C 12,703 9,500 10,000 (2,703) 500 (21.28) 5.26 Maintenance -Computers 51,897 52,000 65,500 13,603 13,500 26.21 25.96 Maintenance- Garage Equipment 173,676 136,000 28,000 (145,676) (108,000) (83.88) (79.41) Maintenance- Alarms 10,530 15,200 14,200 3,670 .(1,000) 34.85 (6.58) Mantle nanw-TV Sat veillance 1,136 2,500 5,000 3,864 2,500 340.14 100.00 Repairs- Equipment 17,536 20,700 12,900 (4,636) (7,800) (26,44) (37.68) Motor Pool 215,995 209,150 229,900 13.,905 20,750 6.44 9.92 Cleaning& Housekeeping Supplies 17,726 29,400 26,650 8,924 (2,750) 50.34 (9.35) Expendable Tools 4,138 2,750 2,750 (1,388) - (33.54) - Clothing 33,317 44,200 24,400 (8,917) (19,800) (26.76) (44.80) Signs 41,288 62,000 69,450 28,162 7,450 68.21 12.02 Small Equipment 73,304 22,500 35,500 (37,804) 13,000 (51.57) 57.78 Maintenance- Other 15,630 7,000 7,000 (8,630) - (55.21) - Cleaning 20,251 24,000 30,000 9,749 6,000 48.14 25.00 1,155,120 908,750 859,450 (295,670) (49,300) (25.60) (5.43) Security Security 996,591 1,127,400 808,073 (188,518) (319,327) (18.92) (28.32) Armored Car Services 29,554 34;800 23,800 (5,754) (11,000) (19.47) (31.61) 1,026,145 1,162,200 831,873 (194,272) (330,327) (.18.93) (28.42) Utilities Telephone 233,430 171,500 158,200 (75,230) (13,300) (32.23) (7.76) Light & Power 366,055 442,850 486,900 120,845 44,050 33.01 9.95 Water 50,365 99,250 76,850 26,485 (22,400) 52,59 (22.57) 649,850 713,600 721,950 72,100 8,350 11.09 1.17 Insurance Property & Gen Liability Insurance 735;878 745,587 662,568 (73,310) (83,019) (9.96) (11.13) Workers Compensation Insurance 68,540 90,632 100,006 31,466 9,374 45.91 10.34 804,418 836,219 762,574 (41,844) (73,645) (5.20) (8.81) .Rental - Buildine/Land Rental - Building/Land 483,004 258,005 729,976 246,972 471,971 51..13 182.93 Revenue Sharine Revenue Sharing 1,553,978 1,500,110 1,269,577 (284,401) (230,533) (18.30) (15.37) Parldne Meter Parts & Installation Equipment Rental 32,647 28,900 35,200 2,553 6,300 7.82 21.80 Parking Meter Parts & Installation 252,561 100,000 80,000 (172,561) (20,000) (68.32) (20.00) 285,208 128,900 115,200 (170;008) (13,700) (59.61) (10.63) 1 of 2 MIAMI PARKING A UTHORITY Schedule of Revenue and Expenses Proposed FY 2011 Operating Budget - Revised 9-24-2010 - LCeal and Professional Property Surveys, Platting Legal Services Trustee Fees Audit Fees Pay and Display Fees Bank Chprees Bank Charges Supplies & Miscellaneous .Postage & Courier Services Printing Office Supplies Office Equipment Computer Supplies Computer Software - Other Expenses Property Taxes Licenses & Permits Miscellaneous Travel Training Meetings and Conventions Cashier - Overage/(Shortage) Publications Membership Dues Claims Settlement Bad Debt Expense Penalties & Interest Advertisine & Promotion .Promotional Public Relations Advertising Total Operating E.rpenaes Operating Results Refine Depr & At or Depreciation & Amortization Operating Resrdts 'Non -Operating Revenues (Expenses): Interest Income Lower of Cost of Market - Investments Gain (Loss) on Disposal Property Interest Expenses Toed Nen-Operating Net Revenue In Excess ofErpenses Operating Results Interest Income Income Available For Debt Service Less: Debt Service - Interest Expense Less: Debt Service - Principal Reductior Less: Interest Income - Restricted Less: Capital Replacement Reserva Excess Revenue To City FY 2009 FY 2010 FY 2011 Approved Proposed Actual Budget Budget Requested Budget 2011 Requested Budget 2011 vs, vs. FY 2009 Actual Budget 2010 FY 2009 Actual Budget 2010 Increase/(Decrease) Increase/(Decrease) 2,990 20,000 5,000 2,010 (15,000) 67.22 (75.00) 116,742 122,000 122,000 5,258 - 4.50 - 22,278 18,000 - (22,278) (18,000) (100.00) (100.00) 138,000 150,000 150,000 12,000 - 8.70 - 553,354 523,000 528,000 (25,354) 5,D00 (4.58) 0.96 833,364 833,000 805,000 (28,364) (28,000) (3,40) (3.36) 494,986 475,000 760,000 265,014 285,D00 53.54 60.00 (58,010) (48.56) (21.51) 17,557 34,650 26,650 9,093 (8,000) 51.79 (23.09) 110,842 88,300 96,850 (13,992) 8,550 (12.62) 9.68 39,495 44,500 37,200 (2,295) (7,300) (5.81) (16.40) 9,866 8,200 7,000 (2,866) (1,200) (29.05) (14.63) 2,247 19,750 14,000 11,753 (5,750) 523,05 (29.11) 22,994 21,850 21,750 (1,244) (100) (5.41) (0.46) .203,001 217,250 203,450 449 (13,800) 0.22 (6.35) 36,484 - 38,000 4,483 950 2,050 25,967 33,430 11,300 13,860 15,500 11,000 14,258 57,000 36;400 177,070 135,500 87,850 (1,440) - - 2,353 1,175 1,625 20,608 26,100 23,420 7,054 (728) 450 109,278 38.30 2,812 1,451 13.65 (10.27) 411,426 269,655 211,645 1,516 38,000 4.16 - (2,433) 1,100 (54.27) 115.79 (14,667) (22,130) (56.48) (66.20) (2,860) (4,500) (20.63) (29.03) 22,142 (20,600) 155.30 (36.14) (89,220) (47,650) (50.39) (35.17) 1,440 - (100.00) - (728) 450 (30.94) 38.30 2,812 (2,680) 13.65 (10.27) (7,054) - (100.00) - (109,278) - (100.00) - (1,451) (100.00) (199,781) (58,010) (48.56) (21.51) 11,587 29,500 10,000 (.1,587) (19,500) (13.70) (66.10) 100,149 172,500 131,500 31,351 (41;000) 31.30 (23.77) 130,137 135,000 80,000 (50,137) (55,000) (38.53) (40.74) 241,873 337,000 221,500 (20,373) (115,500) (8.42) (34.27) 15,315,371 14,707,743 13,963,157 (1,352,214) (744,586) 6,308,508 8,240,280 12,066,862 5,758,354 3,826,582 (2,545,454) (2,786,021) (3,297,505) (752;051) (511,484) 3,763,054 5,454,259 8,769,357 5,006,303 3,315,098 332,934 75,000 75,000 (257,934) - 78,099 - - (78;099) - (1,024,037) (3,087,766) (3,616,862) (2,592,825) (529,096) (613,004) (3,01'2,766) (3,541,862) (2,928,858) (529,096) 3,150,050 2,441,493 5,227,495 2,077,445 2,786,002 6,308,508 8,240,280 12,066,862 411,033 75,000 75,000 .6,719,541 8,315,280 12,141,862 2,541,529 3,087,766 3,616,862 950,000 985,000 1,025,000 130,750 - - 1,091,525 242,514 2,005,737 4,000,000 7,500,000 2 of 2 14,707,743 Approved FY 2010 13,963,157 Revised FY 2011 744,586 Reduction of FY 2011 5:06% % Cut From FY 2010 Other Factors 326,000 FDOT 285,000 Credit Cards 1,355,586 Total Cuts 9.22% Total % (8.83) (5.06) 91.28 46.44 29.54 18.36 133.04 60.78 (77.47) (100.00) 253.20 17.14 477.79 17.56 65.95 114.11 MIAMI PARKING A UTHORITY Schedule of Revenues and Expenses Proposed FY 2011 Operating Budget — Line Item Descriptions Description of Line Items: Operating Revenue Off -Street Facilities - Revenue collected at parking garages, including daily customer revenue, monthly cardholder revenue and revenue derived from special events Parking Lots — Revenue collected at parking lots, including daily customer revenue, monthly decal -holder revenue and revenue derived from special events / rental of lots On -Street — Revenue collected from single space and Pay and Display meters located on -street as well as revenue derived from rental of metered spaces (production events, valet, etc) Management Fees — Fees charged to third parties (i.e. Miami -Dade County, Florida FDOT and City of Miami) for the administration of various parking / non -parking facilities including the Gusman Theatre Other — Majority of line item represents fees remitted by towing companies that assist in towing illegally parked vehicles from parking facilities / on -street spaces Operating Expenses Salaries, Wages & Fringe Benerits Salaries — Regular - Base salaries for all full time / part-time Authority personnel Salaries — Overtime — Overtime funds paid to hourly personnel Salaries — Sick & Vacation — Sick and vacation time for full-time Authority personnel Social Security — Social security taxes paid to the federal government for Authority personnel Health Insurance — Insurance premiums paid by MPA for full-time Authority personnel Retirement — Employer portion of annual pension obligation paid to the MPA's pension plan for full-time Authority personnel Other Benefits — Insurance premiums paid by MPA on behalf of full-time administrative and operations personnel for auto, short-term disability and long term disability Page 1 of 5 Tuition — MPA provides educational assistance for regular full-time employees who have completed 365 calendar days of service in an eligible employment classification. The amount of assistance paid by the Agency is 100% of tuition costs up to a maximum of $3,000 in a calendar year providing the employee earns grade of "C" or better Miscellaneous Pay — Payment for the use of temporary labor for special events and special employee assignments Repairs, Maintenance, Cleaning & Landscape Maintenance — Property — Contractual expenses incurred in connection with the maintenance of parking facility structural components, excluding items detailed below Maintenance — Landscaping — Contractual expenses incurred in connection with the maintenance of parking facility landscaping Maintenance — Elevators — Contractual expenses incurred in connection with the maintenance of parking facility elevators Maintenance — A/C — Contractual expenses incurred in connection with the maintenance of parking facility, operations and administrative office air conditioning units Maintenance — Computers — Contractual expenses incurred in connection with the maintenance of parking facility / administrative office computer equipment Maintenance — Garage Equipment — Contractual expenses incurred in connection with the maintenance of parking facility revenue control equipment Maintenance — Alarms — Contractual expenses incurred in connection with the maintenance of parking facility revenue alarm / security systerns Maintenance — TV Surveillance — Contractual expenses incurred in connection with the maintenance of TV surveillance cameras located in garage facilities Repairs — Equipment — Non -contractual repairs associated with parking facilities Motor Pool — Expenditures associated with Agency vehicles including gas, repairs and lease payments for leased Agency vehicles Cleaning / Cleaning & Housekeeping Supplies — Contractual expenses and cleaning supplies purchases for the maintenance of parking facilities / administrative offices Expendable Tools / Small Equipment - Maintenance tools and maintenance / office equipment purchases that do not exceed $1,000 and therefore are not considered a capital asset Page 2 of 5 Clothing — Uniforms for operations personnel Signs — Maintenance and purchase of signage for both off-street and on -street parking facilities Maintenance — Other — Annua! contractual maintenance fee incurred for Authority telephone system Security Security — Contractual expenses incurred for security personnel who perform surveillance of parking facilities Armored Car Services — Brinks services for the pickup of cash at specified locations Utilities Telephone — Expenses paid to telephone carriers for the usage of telephone lines and cellular phone lines (i.e, AT&T, Sprint) Light & Power — Electricity expense for all parking facilities / administrative offices (FPL) Water — Water expense for all parking facilities / administrative offices (Miami -Dade Water and Sewer) Insurance Property and General Liability Insurance — Insurance premiums related to property, general liability, and directors and officers liability coverage Workers Compensation Insurance — Workers compensation premiums for Authority personnel Rental — Buildin.- /Land Rental Building/Land_— Fixed, contractual lease payments paid for the rental of parking lots managed and not owned by the Authority Revenue Sltarin,Q Revenue Sharing — Payments made to lessors of parking lots that are managed by the Authority. These payments are based on a % of either gross or net revenue derived by the parking lot Page 3 of 5 Parking Meter Parts & Installation Equipment Rental — Rental of golf carts for security personnel to roam facilities, rental of office copiers Parking Meter Parts & Installation — Purchases of parking meter supplies / parts to replace defective parking meter equipment Legal and Professional Property Surveys, Platting — Expenditures incurred related to property surveys and platting of prospective parking facility acquisitions Legal Services — Legal fees paid to City of Miami for City Attorney services Trustee Fees - Fees paid to Trustee of Authority bonds Audit Fees — Fees paid in connection with the annual audit of the Authority's financial records Pay and Display Fees — Service contract fees paid to parking meter vendors, parking consultants, payroll processing fees, website redesign fees, rating agency fees in connection with the Authority's bonds Bank Charges Bank Charges — Bank fees and credit card processing charges associated with the Authority's parking facilities Supplies and Miscellaneous Postage & Courier Services — Postage expense for Authority's mailings Printing — Printing of tickets and decals for parking facilities and customer service pamphlets Office Supplies — Desk supplies (i.e. paper) for all Authority facilities /administrative offices Office Equipment —'Office equipment purchases that do not meet threshold for capitalization Computer Supplies — Computer supply purchases for all Authority facilities / administrative offices Computer Software — Computer software purchases for all Authority facilities / administrative offices Page 4 of 5 Otlier Expenses Licenses & Permits - Miscellaneous licenses and fees Miscellaneous — Payment for medical exams and back ground check for employees (new hire and worker comp cases) and mystery shopper program Travel - Business travel expenses incurred for parking related conferences Training -Training expenses for all employees Meetings and Conventions - Business meeting expenses for all employees Publications — Miscellaneous business publication subscriptions Membership dues — Membership dues for various parking related organizations and professional associations Aclvertisin,- & Promoilon Promotional — Promotional materials distributed to customers at special events / customer appreciation week Public Relations — Contractual expenditures related to public relations consultant services and sponsorships of various charities and non-profit organizations Advertising — Media advertising expenses (i.e. radio, television, and printed media) Non-Operatin,- Revenues / (Expenses) Depreciation & Amortization — Depreciation related to parking facilities, including building and structures, leasehold improvements, furniture and fixtures, and parking equipment Interest Income — Interest and gain/losses on Authority investments Interest Expenses — Interest expenses and amortization of bond issuance costs incurred in connection with the Authority's bond issue. Page 5 of 5 Miami Parking Authority (Departffillent of Off -Street Parking) ProposOperating Budget Fiscal Year 2010-11 (Submitted to the City of Miami Commission Forproval) (Approved by the Off -Street Board of Directors July 1 2010) Miami ParkiogAuthority Proposed FY 2011 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 Total Non -Operating Expenses Net Revenue In Excess of Expenses Requested Budget 2011 VS. FY 2009 Actual Budget 2010 Projcded 2010 Increasel(Decrease) S 721,205 3 FY 2009 Actual FY 2010 Approved Budget FY 2010 Projected Actual FY 2011 Requested Budget Operating Revenue: 2,944,496 2239,140 1,086,909 (32,375) Garage Revenues $ 2,764,712 S 3,560,250 $ 2,910,686 $ 3,485,917 Lot Revenues 7,764,911 7,971,243 7,578,123 7,477,.514 On -Street Revenues 10,241,644 10,847,000 12,099,231 13,186,140 Towing 232,375 150,000 189,990 200,000 Administration Services 213,970 108,390 142,118 115,652 Management Fees 321,117 307,890 304,000 275,144 Other Revenues 85,148 3,250 6,960 Total Operating Revenue 21,623,877 22,948,023 23,231,108 24,740,367 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 Total Non -Operating Expenses Net Revenue In Excess of Expenses Requested Budget 2011 VS. FY 2009 Actual Budget 2010 Projcded 2010 Increasel(Decrease) S 721,205 3 (74,333) $ 575,231 (287,397) (493,729) (100,609) 2,944,496 2239,140 1,086,909 (32,375) 50,000 10,010 (98,318) 7,262 (26,466) (45,973) (32,746) (28,856) (85,148) (3,750) (6,960) 3,116,490 I ,792,344 1,509259 Requested Budget 2011 VS. FY 2009 Actual Budget 2010 Projected 2010 Iacressel(Decrease) 26.09 % (2.09) % 19.76 (3.70) (6.19) (1.33) 28.75 21.56 8.98 (I393) 33.33 5.27 (45.95) 6.70 (18.62) (1432) (10.64) (9.49) 332,414 75,000 80,049 75,000 (257,414) (5,049) (77.44) .-' (6.31) 78,618 13,544 (78,618) (13,544) (100.00,)• (100.00) 411,032 75,000 93,593 75,000 (336,032) (18,593) ($d 75) (19.87) 22,034,909 23,023,023 23,324,701 24,815,367 2,780,458 1,792,344 1,490,666 - 12.62 7.79 6.39 -1--1-. 15288,320 14,707,743 14,719,243 14,668 657 (619,663) (39,086) --'(50,586) (4.05) (021, (034) i� 6,746,589 8,315,280 8,605,458 10,146,710 3,400,121 1-831;430 1,541252 50.40 22.02 1791 2,535,189 Z775,750 2584 328 3287,733 752 044 511,483 702,905 29.66 18.43 2720 10,269 10,271 10,272 10,2 3 1 0.03 0.01 1,024,037 3,087J66 10,714,553 3,63 862 2,592,825 529,096 (7,097,691) 253.20 17.14 (66.24) 3,569,495 5,873,787 I3,309,153// 6,914,367 3,344,372 1,040,580 (6,394,786) 93.71 17.72 (48.05) S 3,177,094 S 2,441,493 $ (9;3,695) $ 3,232,343 $ 55,249 S 790,850 $ 7,936,038 1.74 3239 (168.72) ML4MI PARKING AUTHORITY Proposed FY 2011 Operating Budget Non -Operating Revenues (Expenses): - FY 2009 Actual vs. Budget2010 Projected2010 Requested Budget 2011 332,414 75,000 FY 2009 FY 2010 FY 2010 FY 2011 - vs_ - Gain (Loss) on Disposal Property 519 Approved Projected Requested FY 2009 Actual Budget 2010 Projected 2010 (10,271) Actual Budget Actual Budget Ineresse/(Decresse) (10,714,553 Opemdng Revenue Total Non-Operafing (623,274) (3,023,037) (19.0-r 2) (3,552,134 Net Revenue In Excess fFr ,-- S 3,772094 Off -Street Facilities S 2,764,712 S 3,560,250 S 2,910,686 S 3,485,917 S 721,205 S (74,333) S 575,231 Parting Lots 7,764,911 7971,243 7,578,123 7,477,514 (287,397) (493,729) (100,609) On -Street Facilities 10,241,644 10,847,000 12,099,231 13,186,140 2,944,496 2339,140 1,086,909 Towing 232,375 150,000 189,990 200,000 (32,375) 50,000 10,010 Administration Services 213,970 108,390 142,118 115,652 (98,318) 7,262 (26,466) Management Fees 321,117 307,890 304,000 275,144 (45,973) (32,746) (28,856) Other 85,148 3,250 6,960 (85,148) (3,250) (6960) Total Operating Revenue 21,623,877 22$48,023 23,731,108 24,740367 3,116,490 1,792,344 I,509,259 Operating Expenses Salaries, Wages &Fringe Benefits 7,172,998 7,068,054 6,906,509 6,618,012 (554986) (450,042) (288,497) Repairs, Maintenance, Cleaning &Landscape 1,128,067 908,750 865,566 897,450 (230,617) (11,300) 31,884 Security 1,026,145 1,162,200 1,135,895 1,035,873 9,728 (126,327) (100,022) utilities 649,842 713,600 716,790 731,950 82,100 18,350 15,160 Insurance 804,419 836,219 818,417 793,774 (10,645) (42,445) (24,643) Rental - BuildingfUnd 483,004 258,005 383,004 729,976 246,972 471,971 346,972 Revenue Sharing 1,553,980 1,500,110 1,627,301 1,269,577 (284,403) (230,533) (357,724) Parking Meter Parts & Installation 285,208 128,900 127,410 135,200 (150,008) 6,300 7,790 Legal and Professional 833,367 833,000 660,941 970,000 136,633 137,000 309,059 Bank Charges 494,986 475,000 695,738 760,000 265,014 285,000 64,762 Supplies&Miscellaneous 203,004 217250 213,182 214,950 11.946 (2,300) 1,768 Other Expenses 411,427 269,655 333,892 242,395 (169,032) (27,260) (91,497) Advertising & Promotion 241,873 337,000 235,098 269,500 27,627 (67,500) 34,402 Total Operating Expenses 15,288,320 14,707,745 14,719,243 14,668,657 (619,663) (39,086) (50,586) Operalft Results Before Depr&Amort 6,335,557 8,240,280 8,511,865 10,071,710 3,736,153 1,831,430 1,559,845 Depreciation & Amortization 2,535,189 2,775 750 2,584,328 3,287,233 752,044 511,483 702,905 -- Operating Results 3,800,368 5,464,530 5,927,537 6,784,477 2,984,109 1,319,947 ...-856,940 Non -Operating Revenues (Expenses): - FY 2009 Actual vs. Budget2010 Projected2010 Interest Income 332,414 75,000 80,049 75,000 Lower of Cost of Market -Investments 78,099 - 11,044 - Gain (Loss) on Disposal Property 519 - 2,500 (45.95) Amortization of Advance Rentals (10,269) (10,271) (10,292) 0272 Interest Expenses (1,024,037) (3,087,766) (10,714,553 (3616862 Total Non-Operafing (623,274) (3,023,037) (19.0-r 2) (3,552,134 Net Revenue In Excess fFr ,-- S 3,772094 S 244.i.493i.S- !4.703.6931 S 3.232.341 Requested Budget 2011 - FY 2009 Actual vs. Budget2010 Projected2010 Inerease/(Decresse) (11,044) 26.09 % (2.09) % 1976 (3.70) (6.19) (133) 28.75 21.56 8.98 (13.93) 3333 527 (45.95) 6.70 (18.62) (1432) (10.64) (9.49) _ (100.00) (100.00) (100.00) 14.41 7.81 650 (7.74) (637) (4.18) (20.44) (1.24) 3.68 095 (10.87) (8.81) 12.64 2.57 2.11 (132) (5.08) (3.01) 51.13 182.93 9059 (1830) (1537) (2198) J' (52.60) 4.89 6.11 / 16.40 16.45 4675/' 53.54 60.00 "� 932 5.88�,...~ (1.06}- 083 (41.08) .. .:...--"j10_ll) (27-40) 1147---"" (20.03) 14.63 _ ._..... ,- (4-05) (027) (034) 58.97 2223 1833 29.66 18.43 2720 7852 24.15 14.46 .-(Z57,414) - (5.049) (77-44) (78,099) - (11,044) (100.00) (519) - (2,500) (100.00) (3) (1) - 0.03 (2,592,825) (529,096) 7,097,691 253.20 (2,928,860) (529,097) 7,079098 469.92 S 55,249 S 790,850 S 7936038 1,74 (631) (100.00) - (100.00) 0.01 17.14 (6624) 1750 (66.59) 3239 (168.72)