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HomeMy WebLinkAboutExhibit 2MIAMI PARKING AUTHORITY Budget Worksheets for FY 2008 Operating Revenue Off -Street Facilities Parking Lots On -Street Facilities Towing Administration Services Management Fees Other 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 Total Non -Operating Net Revenue In Excess of Expenses FY 2007 Approved Budget FY 2007 FY 2008 Projected Requested Actual Budget $ 3,280,500 $ 3,229,542 $ 3,405,329 6,432,709 7,495,916 7,884,167 6,273,500 7,443,873 7,622,130 100,000 91,382 120,000 103,390 102,579 105,165 79,390 300,176 304,665 3,388 64,565 26,894 16,272,877 18,728,032 19,468,350 5,970,679 894,030 663,850 557,650 1,142,539 270,996 469,200 316,200 592,200 282,600 265,750 249,885 316,000 11,991,579 4,281,298 1,500,000 2,781,298 6,235,573 6,764,891 901,184 873,277 656,542 696,710 612,884 624,589 1,249,945 1,237,062 163,592 180,992 1,009,408 1,330,797 422,592 472,500 586,058 639,000 285,125 286,600 251,911 253,277 250,790 271,734 315,391 363,000 12,940,994 5,787,039 2,459,342 3,327,697 13,994,429 5,473,922 2,650,000 2,823,922 1,520,000 1,845,566 1,062,984 2,262 28,838 (10,271) (10,271) (1,903,826) (2,370,842) (394,097) (504,447) (10,271) (2,375,862) (1,323,149) $ 2,387,201 $ 2,823,249 S 1,500,773 Requested Budget 2008 vs. Projected 2007 Budget 2007 Increase/(Decrease) $ 175,788 388,250 178,257 28,618 2,586 4,489 (37,670) $ 124,829 1,451,458 1,348,630 20,000 1,775 225,275 23,506 740,318 3,195,473 529,318 (27,907) 40,168 11,706 (12,883) 17,400 321,389 49,908 52,942 1,475 1,366 20,943 47,609 794,212 (20,753) 32,860 66,939 94,523 (90,004) 861,597 156,300 46,800 4,000 (12,474) 21,849 47,000 1,053,435 2,002,850 (313,117) 1,192,624 190,658 1,150,000 (503,775) 42,624 (782,582) (457,016) (2,262) (28,838) (5,020) (472,036) (818,702) (929,052) $ (1,322,477) S (886,428) Requested Budget 2008 vs. Projected 2007 Budget 2007 Increase/(Decrease) 5.44 % 5.18 2.39 31.32 2.52 1.50 (58.35) 3.81 % 22.56 21.50 20.00 1.72 283.76 693.81 3.95 19.64 8.49 13.30 (3.10) (2.32) 6.12 4.95 1.91 12.00 (1.03) 8.27 10.64 (33.21) 31.84 183.63 11.81 49.43 9.03 7.90 0.52 1.42 0.54 (4.69) 8.35 8.74 15.10 14.87 8.14 16.70 (5.41) 27.86 7.75 76.67 (15.14) 1.53 (42.40) (100.00) (100.00) (0.00) 0.21 (30.07) 24.79 162.30 235.74 (46.84) (37.13) MIAMI PARKING A UTHORITY Budget Worksheets for FY 2008 MPA Total Garages Lots On -Street Administration Operating Revenue Off -Street Facilities 3,405,329 3,405,329 - - ParkingLots 7,884,167 - 7,804,167 80,000 On -Street Facilities 7,622,130 - 7,622,130 Towing 120,000 120,000 Administration Services 105,165 (16,290) (615,518) (12,358) 749,331 Management Fees 304,665 - 198,281 106,384 Other 26,894 24,996 1,898 - Total Operating Revenue 19,468,350 3,414,035 7,388,828 7,609,772 1,055,715 Operating Expenses Salaries, Wages & Fringe Benefits 6,764,891 649,570 817,740 5,297,581 Repairs, Maintenance, Cleaning & Landscape 873,278 223,676 192,802 456,800 Security 696,710 316,146 363,764 16,800 Utilities 624,589 338,009 168,580 118,000 Insurance 1,237,062 779,565 157,456 300,041 Rental - Building/Land 180,992 - 151,992 29,000 Revenue Sharing 1,330,797 1,330,797 Parking Meter Parts & Installation 472,500 - 12,500 460,000 Legal and Professional 639,000 8,500 - 630,500 Bank Charges 286,600 16,600 270,000 Supplies & Miscellaneous 253,277 15,947 52,930 184,400 Other Expenses 271,734 6,286 1,648 263,800 Advertising & Promotion 363,000 - - 363,000 Total Operating Expenses 13,994,429 2,337,698 3,266,809 8,389,922 Operating Results Before Depr & Amort 5,473,922 1,076,337 4,122,019 7,609,772 (7,334,207) Depreciation & Amortization 2,650,000 2,650,000 Operating Results 2,823,922 (1,573,663) 4,122,019 7,609,772 (7,334,207) Non -Operating Revenues (Expenses): Interest Income 1,062,984 1,062,984 Lower of Cost of Market - Investments - Gain (Loss) on Disposal Property Amortization of Advance Rentals (10,271) (10,271) Interest Expenses (2,375,862) (2,375,862) Total Non -Operating (1,323,149) (10,271) (1,312,878) Net Revenue In Excess of Expenses 1,500,773 (1,573,663) 4,111,748 7,609,772 (8,647,085)