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HomeMy WebLinkAboutExhibitMiami Parking Authority (Department of Off -Street Parking) Proposed Operating Budget Fiscal Year 2008-09 (Submitted to the City of Miami Commission For Approval) (Approved by the Off -Street Board of Directors July 9, 2008) MIAMI PARKING AUTHORITY Budget Worksheets for FY 2009 Operating Revenue Off -Street Facilities Parking Lots On -Street 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 & Amore 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 2008 Approved Budget FY 2008 Projected Actual FY 2009 Requested Budget S 3,405,329 $ 2,959,936 $ 2,852,322 7,884,167 7,333,294 8,889,686 7,622,130 8,653,990 9,113,000 120,000 150,210 150,000 105,165 118,680 90,528 304,665 301,474 310,028 26,894 35,116 4,750 19,468,350 19,552,700 21,410,314 6,763,891 874,280 696,711 624,592 1,237,062 151,992 1,330,797 501,500 639,000 286,600 253,276 271,727 363,000 13,994,428 5,473,922 2,650,000 2,823,922 6,744,570 892,434 702,358 644,044 1,112,612 241,170 1,281,092 570,352 556,048 286,614 215,338 286,914 272,866 13,806,412 5,746,288 2,438,736 3,307,552 7,347,151 891,400 927,930 673,274 978,927 258,004 1,759,042 92,000 836,000 298,500 224,475 297,468 305,000 14,889,171 6,521,143 2,650,000 3,871,143 1,062,984 1,285,096 963,643 159,142 (50,790) (10,271) (10,272) (2,375,862) (3,028,112) (1,323,149) (1,644,936) $ 1,500,773 $ 1,662,616 $ (10,271) (2,724,506) (1,771,134) 2,100,009 Requested Budget 2009 vs. Projected 2008 Budget 2008 Increaae/(Decrease) (107,614) $ (553,007) 1,556,392 1,005,519 459,010 1,490,870 (210) 30,000 (28,152) (14,637) 8,554 5,363 (30,366) (22,144) 1,857,614 1,941,964 602,581 583,260 (1,034) 17,120 225,572 231,219 29,230 48,682 (133,685) (258,135) 16,834 106,012 477,950 428,245 (478,352) (409,500) 279,952 197,000 11,886 11,900 9,137 (28,801) 10,554 25,741 32,134 (58,000). 1,082,759 894,743 774,855 1,047,221 211,264 563,591 1,047,221 (321,453) (99,341) (159,142) - 50,790 1 303,606 (348,644) (126,198) (447,985) 437,393 $ 599,236 Requested Budget 2009 vs. Projected 2008 Budget 2008 Increase/(Decrease) (3.64) % 21.22 5.30 (0.14) (23.72) 2.84 (86.47) (16.24) % 12.75 19.56 25.00 (13.92) 1.76 (82.34) 9.50 9.97 8.93 8.62 (0.12) 1.96 32.12 33.19 4.54 7.79 (12.02) (20.87) 6.98 69.75 37.31 32.18 (83.87) (8I.66) 50.35 30.83 4.15 4.15 4.24 (11.37) 3.68 9.47 11.78 (15.98) 7.84 6.39 13.48 19.13 8.66 - 17.04 37.08 (25.01) (9.35) (100.00) - (100.00) (0.01) (10.03) 14.67 7.67 33.86 26.31 39.93 MIAMI PARKING AUTHORITY Budget Worksheets for FY 2009 MPA Garages Lots On -Street Administration Total Operating Revenue Off -Street Facilities 2,852,322 2,852,322 - Parking Lots 8,889,686 8,794,686 15,000 80,000 On -Street 9,113,000 - 9,113,000 Towing 150,000 - 150,000 Administration Services 90,528 (16,177) (674,502) (12,366) 793,573 Management Fees 310,028 - 204,137 105,891 Other 4,750 4,750 _ - Total Operating Revenue 21,410,314 2,840,895 8,324,321 9,115,634 1,129,464 Operating Expenses Salaries, Wages & Fringe Benefits 7,347,151 611,424 781,860 5,953,867 Repairs, Maintenance, Cleaning & Landscape 891,400 242,300 177,500 471,600 Security 927,930 350,000 557,950 - 19,980 Utilities 673,274 373,315 170,334 129,625 Insurance 978,927 529,403 97,063 352,461 Rental - Building/Land 258,004 258,004 Revenue Sharing 1,759,042 1,759,042 Parking Meter Parts & Installation 92,000 - 2,500 89,500 Legal and Professional 836,000 3,500 - 832,500 Bank Charges 298,500 - 16,500 282,000 Supplies & Miscellaneous 224,475 10,000 37,075 177,400 Other Expenses 297,468 4,500 32,500 260,468 Advertising & Promotion 305,000 - - 305,000 Total Operating Expenses 14,889,171 2,124,442 3,890,328 - 8,874,401 Operating Results Before Depr & Amor! 6,521,143 716,453 4,433,993 9,115,634 (7,744,937) Depreciation & Amortization 2,650,000 2,650,000 - Operating Results 3,871,143 (1,933,547) 4,433,993 9,115,634 (7,744,937) Non -Operating Revenues (Expenses): Interest Income 963,643 963,643 Lower of Cost of Market - Investments Gain (Loss) on Disposal Property Amortization of Advance Rentals (10,271) - (10,271) Interest Expenses (2,724,506) (2,724,506) Total Non -Operating (1,771,134) - (10,271) (1,760,863) Net Revenue In Excess of Expenses 2,100,009 (1,933,547) 4,423,722 9,115,634 (9,505,800)