HomeMy WebLinkAboutSubmittal-Miami Parking AuthorityBudget Review Talking Points
- Expense Budget Recap
o Cost savings Projections / Outlook
- Revenue Impacts
o Utilization
o Meter Removal
o Budget Projections
- Revenue Opportunities
o Rates / Hours of Operation
o Handicap Validations
o Ticket Processing
SUBMJTTED JNTO THE
FUBLIC RECORD FOR
TEMti.iON d io-n .
I o - 01220 - Sv brn; tfa. I- na► ni Vark;ni N" oral
•
MIAMI PARKING AUTHORITY
Schedule of Revenue and Expenses
Operating Revenue
Off -Street Facilities
Parking Lots
On -Street
Management Fees
Other
Total Operating Revenue
Operating Expenses
Salaries, Wages & Fringe Benefits
Repairs, Maintenance, Cleaning & Landscape
Security
Utilities
lnsurance
Rental - Building/Land
Revenue Sharing
Parking Meter Parts & Installation
Legal and Professional
Bank Charges
Supplies & Miscellaneous
Other Expenses
Advertising & Promotion
Total Operating Erpenres
Operating Results Before Depr & Amore
Depreciation & Amortization
Operating Resuhs
Non -Operating Revenues (Expenses):
Interest Income
Lower of Cost of Market - Investments
Gain (Loss) on Disposal Property
Interest Expenses
Transfer to City of Miami
Total Non -Operating
Net Revenue In Excess ofErpenses
Off -Street *1
Disabled Parking - Three Months
On -Street •2
Disabled Parking - Three Months
Increase Hours of Operation
Rate Increases - Three Months
Total
Total
September September
FY 2011 FY 2011
Projected
Budget
S Variance
3,467,662 3,672,074 (204,412)
7,193,019 7,876,833 (683,814)
12,997,176 13,890,316 (893,140) $605k due to removal of 517 meters
380,794 390,796 (10,002)
204,041 200,000 4,041
24,242,692 26,030,019 (1,787,327)
6,182,481 6,470,962 (288,481) SCOO Vacancy, Pension, Operational Staffing, Health Ins.
777,238 859,450 (82,212) $80K- Landscaping Outsourcing
825,470 831,873 (6,403)
720,651 721,950 (1,299)
768,185 762,574 5,611
764,972 729,976 34,996 New FDOT Lease
1,092,282 1,269,577 (177,295) Lot 57-60 Tenant Moved
99,470 115,200 (15,730)
764,256 805,000 (40,744) Legal & Consultant Services
763,407 760,000 3,407
164,286 203,450 (39,164) Supply and Misc Expense Reduction
196,446 211,645 (15,199) Other Expense Reduction
197,249 221,500 (24,251) Advertising & Promotion Expense Reduction
13,316,393 13963,157 (646,764)
10,926,299 12,066,862 (1,140,563)
(3,350,060)
(3,297,505) (52,555)
7,576,239 8,769,357 (1,088,008)
26,441
37,173
3
(3,638.522)
75,000
(3,631.562)
(48,559)
37,173
3
(6.960)
(3,574,905)
(3,556,562) (18,343)
4,001,334 5,212,795 (1,106,351)
82,000
82,000
125,000
262,000
454,000
841,000
Grand Total 923,000
September September
FY 2011 FY 2011
Projected
Other Options
$ Variance
3,467,662
7,193,019
12,997,176
380,794
204,041
82,000 (122,412) '1
(683,814)
841,000 (52,140) •2
(10.002)
4,041
24,242,692
923,000 (864,327)
6,182,481
777,238
825,470
720,651
768,185
764,972
1,092,282
99,470
764,256
763,407
164,286
196,446
197,249
13,316,393
(288,481)
(82,212)
(6,403)
(1,299)
5,611
34,996
(177,295)
(15,730)
(40,744)
3,407
(39,164)
(15,199)
(24,251)
(646,764)
10,926,299 923,000 (217,563)
(3,350,060) (52,555)
7,576,239 923,000 (165,008)
26,441
37,173
3
(3,638,522)
(48,559)
37,173
3
(6,960)
(3,574,905)
(18,343)
4,001,334
923,000 (183,351)
Subn4 1 pubM5
rer ::ai'r inion wwithk_ � 0
del son
Priscilla A. Thompson
City Clerk
PROPOSED RATE INCREASE OF $0.25 WITHOUT DOWNTOWN AND COCONUT GROVE
Submitted Into the public]
record in connection
item DX.• I on 2-iO-1
Priscilla A. Thompson
Y City Clerk
On -Street Scenario 1
Current
Proposed
Proposed
Area
Address
Current
Rate
Proposed
Rate
Proposed 12 mo
actual using 11 mo
rava 1 le
Precent
Increase
Revenue with
increase
Allapatah
Omars Seafood
$1.25
' $1.50
$1 ,522.90
20.00%
$19,827.48
Brickell
SMA. SW 2nd Avenue 15th Road
$1.75
$2.00
$472,515.83
14.29%
$540,018.09
Brickell
SE 12th, 12th Terrace 14th, 15rd Eas
$1.75
$2.00
$434,308.73
14.29%
$496,352.84
Brickell
SE 1st Avenue SMA
$1.75
$2.00
$538,328.50
14.29%
$615,232.57
Brickell
Brickell Bay Drive
$1.75
$2.00
$500,911.34
14.29%
$572,470.10
Brickell
SE 5th , 6, 9,10,11 Street West of US
$1.75
$2.00
$645,667.25
14.29%
$737,905.43
Brickell
Single Space Various
$1.75
$2.00
$100,201.87
14.29%
$114,516.42
Civic Center
NW 12th Street 12-14th Avenue
$1.75
$2.00
$104,956.37
14.29%
$119,950.14
Civic Center
NW 13th Court NW 14th Street
$1.75
$2.00
$58,932.87
14.29%
$67,351.85
Civic Center
NW 13th Avenue
$1.75
$2.00
$150,821.37
14.29%
$172,367.28
Civic Center
NW 14 AVE 14 ST TER, 15 ST.
$1.75
$2.00
$116,614.46
14.29%
$133,273.67
Civic Center
Goodwill Area
$1.00
$1.00
$57,304.20
0.00%
$57,304.20
Civic Center
NWN River Drive Behind Lot 18
$1.50
$1.75
$111,397.70
16.67%
$129,963.99
Coral Way
12th - 24th Avenue
$1.50
$1.75
$169,437.28
16.67%
$197,676.83
Coral Way
24th - 37th Avenue
$1.50
$1.75
$86,321.23
16.67%
$100,708.10
Coral Way
South Off 37th Avenue
$1.50
$1.75
$48,551.64
16.67%
$56,643.58
Coral Way
Coral Way SW 3rd Avenue Area
$1.50
$1.75
$83,924.44
16.67%
$97,911.85
Desgin District
Design District Avenues
$1.50
$1.75
$244,616.05
16.67%
$285,385.39
Desgin District
Design District Streets
$1.50
$1.75
$302,722.60
16.67%
$353,176.37
Desgin District
Fashion District. 23rd - 30th Street
$1.25
$1.50
$73,851.57
20.00%
$88,621.88
Desgin District
Fashion District NW 5th and 6th Aver
$1.25
$1.50
$65,920.63
20.00%
$79,104.75
Desgin District
36 st
$1.25
$1.50
$28,725.82
20.00%
$34,470.98
Desgin District Midtown
Midtown
$1.50
$1.75
$779,322.19
16.67%
$909,209.22
JMH
single heads JMH
$1.50
$1.75
$4,912.57
16.67%
$5,731.33
JMH
East of 8th Avenue
$1.50
$1.75
$111,925.90
16.67%
$130,580.21
JMH
18th, 18th Terrace 19th Street
$1.50
$1.75
$98,327.08
16.67%
$114,714.93
JMH
Miami Subs Area
$1.50
$1.75
$116,339.72
16.67%
$135,729.67
New Arena
NE 1st Avenue 5th -11th Street
$1.50
$1.75
$19,545.51
16.67%
$22,803.10
New Arena
NE 2nd Avenue 7th - 11th Street
$1.50
$1.75
$40,530.00
16.67%
$47,285.00
North End
NW 36th Street
$1.00
$1.25
-$997.03
25.00%
-$1,246.28
North End
NE 79th Street
$1.25
$1.50
$8,893.15
20.00%
$10,671.77
North End
NE 2nd Avenue 78th - 84th Street
$1.25
$1.50
$4,705.93
20.00%
$5,647.12
North End
Biscayne Plaza and Side Streets
$1.25
$1.50
$51,253.04
20.00%
$61,503.64
Old Arena
NW 2nd Avenue 8th Street NMA
$1.50
$1.75
$179,349.07
16.67%
$209,240.58
Old Arena
NE NW 6th Street
$1.50
$1.75
$9,075.19
16.67%
$10,587.72
Old Arena
7,8,9,10 11 Streets NW 1sr Avenue t
$1.50
$1.75
$65,596.63
16.67%
$76,529.40
Omni / School Board
NE 15th Street Herald North Bayshor
$1.50
$1.75
$355,733.87
16.67%
$415,022.85
Omni / School Board
Omni Area to 36th Street Biscayne
$1.50
$1.75
$98,253.84
16.67%
$114,629.48
Omni / School Board
NE 1st Court.l3th - 14th Street
$1.50
$1.75
$70,906.31
16.67%
$82,724.03
Omni / School Board
NE 2nd Avenue14th - 17th Street 14,
$1.50
$1.75
$200,610.43
16.67%
$234,045.50
Omni / School Board
NE 15th ,16th Street 1st Avenue and
$1.50
$1.75
$31,782.14
16.67%
$37,079.17
RENTALS
RENTALS
$18.96
$18.96
RENTALS
RENTALS
$8,406.74
$8,406.74
RENTALS
RENTALS
$21,733.90
$21,733.90
RENTALS
RENTALS
$46,413.82
$46,413.82
RENTALS
RENTALS
$127,446.61
$127,446.61
RENTALS
RENTALS
$17,698.91
$17,698.91
RENTALS
RENTALS
$44,588.73
$44,588.73
RENTALS
RENTALS
$15,566.18
$15,566.18
RENTALS
RENTALS
$38,569.41
$38,569.41
RENTALS
RENTALS
$18,182.18
$18,182.18
RENTALS
RENTALS
$1,397.95
$1,397.95
RENTALS
RENTALS
$5,349.49
$5,349.49
SW 8St/lst/WFS
Avenues off SW 8 ST
$1.50
$1.75
$11,055.95
16.67%
$12,898.61
SW 8St/1st/WFS
SW 1st 16th - 22nd Avenue
$1.25
$1.50
$9,043.78
20.00%
$10,852.53
SW 8St/lst/WFS
SW 1st Avenue
$1.25
$1.50
$26,882.09
20.00%
$32,258.51
SW 8St/lst/WFS
WFS 17th Avenue - River
$1.50
$1.75
$98,694.79
16.67%
$115,143.92
SW 8St/1st/WFS
WFS 17th to 43rd Avenue
$1.50
$1.75
$68,021.66
16.67%
$79,358.61
SW 8St/1st/WFS
SW 1st 7th -10th Avenue
$1.50
$1.75
$48,293.56
16.67%
$56,342.49
SW 8St/1sUWFS
SW 1st 10th -16th Avenue
$1.50
$1.75
$20,899.67
16.67%
$24,382.95
SW 8St/1st/WFS
SW NW 12th Avenue
$1.50
$1.75
$49,656.11
16.67%
$57,932.13
SW 8St/1st/WFS
SW 27th Avenue
$1.50
$1.75
$78,246.05
16.67%
$91,287.06
SW 8SU1st/WFS
SW 8th Street
$1.50
$1.75
$153,812.62
16.67%
$179,448.05
SW 8St/1st/WFS
SW 8th Street
$1.50
$1.75
$161,138.24
16.67%
$187,994.61
SW 8St/1st/VVFS
SW 8th Street Brickell
$1.75
$2.00
$224,337.29
14.29%
$256,385.48
TOTAL
$7,954,074.86
$9,142,380.04
PROPOSED REVENUE INCREASE SUMMARY WITH HOUR OF OPERATIONS INCREASE
Proposed
Increase in
Revenue**
$27,965.93
$29,297.86
$17, 944.51
r
CO
Cc)
N
_
ER
$2,010.17
10
CO
N
NCO
V'
69
$1,644.32
COO
N.:
CO
V
ER
MO
0
-
M
N-
ER
u'i
N-
r-
N
ER
$25,547.57
$31, 666.38
M
(0
C
6
N
ER
$37,980.43
Nr
4
CO
to
(R
O_
N
co-(O
'
ER
$23,542.15
M
vt-
N
•,-
ER
40'
(b
CO
CO
N
N
E4
Actual
Increase
Amount
$55,931.86
$58,595.72
0
O)
CO
CO
in-
6
$24,735.15
LC)•,-
CO
O
N
O
V
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V'
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CO
(b
CO
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69
CO
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$26, 392.62
0(o
O
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tO
Ln
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(f)
O)
0
�
69
$63, 332.76
(0
f`
O
CO
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co-
69
tO
CO
O
CO
O)
tO
69
$11, 788.45
t0,-
CO
o
N
V
N
69
M
V
CO
0
r
69
I-
N
CO
tt
CO
69
$45,776.97
>+
ct
0
Increase in
Hours of
Operatoin
V'
V
V'
t
Cr
V
V
V
N
N
N
N
N
N
N
CO
0
CO
CO
T
CO
0
Hours of
Operatoin
i--
r
I--
i"-
I�
I"-
1Proposed
Hours of
Operation
17amto10pm
E
Q
o
0
E
as
N-
7 am to 10 pm
I7amto10pm
E
o
o
0
E
as
r`
7 am to 10 pm
E
n
0
0
E
(0
r
7 am to 10 pm
7 am to 2 am
17amto2am
7 am to 2 am
7 am to 2 am
7 am to 2 am
7 am to 2 am
7 am to 2 am
7 am to 12 am
7 am to 12 am
7amto 12am
7 am to 12 am
Current
Hours of
Operation
E
tz
(0
0
E
as
r`
7 am to 6 pm
7 am to 6 pm
7 am to 6 pm
7 am to 6 pm
E
0
0
0
E
(0
s
7 am to 6 pm
17amto6pm
7 am to 12 am
7 am to 12 am
I7amto12am
7 am to 12 am
7 am to 12 am
7 am to 12 am
7 am to 12 am
7 am to 6 pm
7 am to 6 pm
7 am to 6 pm
7amto6•m
Current
Proposed 12 mo
actual using 11 mo
revenue
N
(O
N
.-
CO
CO-
to
ER
V
N
CO
CO
.-
,-
co
Efi
$98,694.79
CO
CO
N
0
CO
$11,055.95
$78,246.05
CO
I`
M
V'
0
(A
ER
C)
0
N
CO
CO
CO
N
$224,337.29
$472, 515.83
CO
I-
CX)
O
CO
V
CO
69
O
to
(0
N
CO
tb
CO0
EA
-
CO
<-
0)
O
ER
$645,667.25
I--
00
.-
O
N
O
0
ER
0)
N
r
CO
V'
O)
CO
69
$86,321.23
V'
CO
r
10
to
(b
V
EA
4:1-
<f
4
N
O)
(o
CO
64
CO
to
W
i
V
Q
Little Havana SW 8st/wfs/1st
Little Havana SW 8st/wfs/1st
Little Havana SW 8st/wfs/1st
Little Havana SW 8st/wfs/1st
Little Havana SW 8st/wfs/1st
Little Havana SW 8st/wfs/1st
Little Havana SW 8stlwfs/1st
Little Havana SW 8st/wfs/1st
Brickell area
Brickell area
Brickell area
Brickell area
Brickell area
Brickell area
Brickell area
Coral Way/Roads area
Coral Way/Roads area
Coral Way/Roads area
Coral Wa /Roads area
County
Tax Coll
96,959.71
County
1,769,221.55
Clerk
102,576.38
Teen Court
651.00
Trust
237,668.00
Court
158,410.50
Handicap
4,413.00
Enhancement
317,956.00
SB 2108
451,042.20
COUNTY
REVENUE FY 09-10
■ Seriesl ■ Series2
$2,609,520.96
46%
MUN
$5,748,419.30
TOTAL REVENUE
COUNTY
MUN
TOTAL REVENUE
$3,138,898.34 54%
$2,609,520.96 46%
S5,748,419.30
Note: School Crossing
Guard: $96,959.71
Submitted Into the public
record in connection with
Item V - I on Z- I0- I
Priscilla A. Thompson
City Clerk