HomeMy WebLinkAboutBack-Up DocumentsHonorable Mayor and Members of the City Commission:
During Fiscal Year 2018-19, the Miami Parking Authority (MPA) continued
to carry forth its mission as a parking and revenue resource to the City of
Miami. We have increased our market share, while continually working to
improve customer satisfaction and fulfill our mission to meet the City's
parking needs.
Accomplishments During the Past Year
Accomplishments for MPA during fiscal year 2018-19 included the
following:
Pay -by -Phone users in the City of Miami reached an all-time high this fiscal
year. The Miami Parking Authority has the highest percentage of users for
a municipal organization in North America. Its main draw is the
convenience it affords users when they need to pay for their parking. As of
September 2019, we will have approximately 562,022 new vehicles
registered to participate in the program, which will generate approximately
$27 million in parking revenue. We have surpassed our goal of 90 percent
reaching a record 91 percent adoption in the current fiscal year.
The continued expansion of the current development cycle offers
innumerable opportunities for the MPA to play an active role in the
sustained growth of the City. Examples of such opportunities are the role
the Authority is currently playing in the development of the parking
facilities at Regatta Harbour as well as the Coconut Grove Playhouse. As a
low- scale, environmentally conscious, Coconut Grove -inspired design style,
Regatta Harbour will integrate parking with other transportation modalities
and include ornamental and sustainable features, glass and automated
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control systems. It will also incorporate etched seaplanes on a metal mesh
that will wrap the garage and add to the historical significance of Pan
American Drive and the old seaplane terminal. The Regatta Harbour project
is estimated to be completed during the fall of 2019. Being active
participants in the planning and construction of these projects will help to
ensure that customers will be able to access convenient and affordable
parking once they reach their destination.
The MPA is in the final stages of going live with our new enterprise resource
planning (ERP) system which enhances the way we do business. The
system has an integrated e-commerce interface to increase the number of
transactions and functions which can be handled remotely. The integration
of the two systems improves the customer's experience when placing an
order, paying a bill, or creating an account my eliminating manual steps in
the process.
The Authority piloted various curbside management technologies, some of
which include the use of artificial intelligence for mapping, sensors for
management of loading zones, license plate recognition for occupancy and
compliance statistics, a new parking enforcement software program and
migration of decals to electronic permits.
The Agency completed the beautification of the lots under the 1-395
overpass. Given the incredible growth in the Midtown area, as well as the
magnificent re -development of the Design District, we saw those lots as an
opportunity not only to offer much -needed parking for visitors and patrons,
but also to serve as a symbolic bridge connecting these two vital and
vibrant areas within our City. The project included enhanced, increased
and artistic lighting, which, when combined with graphics and improved
landscaping, made this area not only a bright, clean and safe place to park,
but also a destination unto itself.
The Agency continues to improve the customer experience when
processing a payment at our facilities. This past year, we completed the
upgrade of the Parking Access Revenue Control (PARC) equipment
throughout our facilities. The new equipment improves the productivity
and efficiency in the way we manage our parking operations. The new
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technology also enables the integration with a variety of industry -related
products and solutions.
The Authority's traditional role of meeting the parking needs of the City
continues to expand to include fostering an awareness of parking as an
integral component of a balanced urban transportation infrastructure
network, both pedestrian and vehicular, and the community development
process.
The MPA's expanded role in community involvement is demonstrated in
various parking -related projects geared toward neighborhood
beautification and economic development, as well as continued
participation in civic and governmental committees.
The Authority's involvement within the community is demonstrated, as
follows:
• The Board and Authority continue to participate in civic and
governmental committees to share resources and provide input
on decisions which have an impact on the area's transportation
needs and the City community development process. Specific to
their role in community development, this year the Authority has
broadened and expanded its participation and outreach as it
relates to the beautification of the city and the expansion of art in
public places. Some of these examples include: "Walk with the
Animals" to benefit the Humane Society of Greater Miami; Miami -
Dade League of Cities' Best Practices Conference; 2018 Park Your
Art contest; Customer Service Week; and a new grassroots
education campaign that kicked off in late summer, aimed at
visiting local community organizations to register city of Miami
residents for the resident parking discount program.
• The Authority has continued its public -information campaign in
order to update citizens about its role in parking management,
any new programs being offered as well as its support and
financial contributions to the City. It has been MPA's mission to
ensure that they reach out to all the communities which it serves
and to this end, the Authority collaborates with the English-,
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Spanish- and Creole -language media to communicate information
to the public.
• In -kind sponsorships, in the form of donated parking were
provided to numerous organizations such as the Susan G. Komen
Race for the Cure; Miami International Book Fair, Coconut Grove
Arts Festival, Sant La Annual Gala, Invest Miami 2018 panel on
public -private partnerships , Miami International Film Festival,
Calle Ocho Open House, Mad Hatter, Lotus House sponsorship of
back -to -school supply drive and Mercedes-Benz Corporate Run to
benefit TeamFootWorks.
• The Authority continues its participation in neighborhood parking
advisory committees which provides a platform for citizen input
into the Authority's decision -making process.
Our Agency has implemented a workflow automation system on the web
site to address processing PayByPhone residential discount requests under
the new rules passed by commission. The system verifies customer
eligibility automatically, significantly reducing the added workload the new
rules would have created. The entire process is handled online, without the
need for customer visits to our offices.
The MPA continues to successfully manage 7,000 parking spaces for the
Public Health Trust of Miami -Dade County as well as managing the parking
operation for several Miami -Dade County and City of Miami Parks.
The Authority continues to successfully maintain a relationship with the
Adrienne Arsht Center for the Performing Arts as its primary parking
provider.
During the year ending September 30, 2019, the Authority estimates that it
will contribute approximately $13,592,000 in excess revenues to the City of
Miami.
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Highlights of the 2019-2020 Budget
The budget reflects a $7,437,128 increase in gross revenue due to a full
year, system -wide, rate increase, which became effective the second
quarter of last fiscal year. While implementing a new rate increase to bring
them closer to other municipalities in South Florida and remain competitive
in the face of a decrease in the parking inventory, resulting from a number
of development projects citywide, the MPA is creating a series of innovative
parking enhancements that will benefit the community and address the
demands posed by continuous urban growth. The highlight of these
enhancements is a residential parking discount program for the residents of
Miami. Other enhancements include the implementation of new
technology and processes to make the customer parking experience more
convenient and seamless.
Furthermore, as stated above, the continuous growth experienced by the
City, calls for additional mechanisms, such as an increase in the number of
parking enforcement officers, to ascertain adequate compliance and
provide effective and efficient coverage.
We continue to expand the areas in which we offer Pay -by -Phone services
and, in so doing, have continued the process of eliminating multi -space
machines throughout the City. The goal of the Authority is to have at least
95% of the on -street transactions processed through Pay -By -Phone. The
MPA will continue to pursue the expansion of the Pay -By -Phone program
throughout the metro area in order to broaden the pool of customers that
we are able to tap into. This will continue to generate revenue for the
Agency, while providing our customers added convenience when paying for
parking in the City of Miami.
The continued expansion of our current development cycle offers
innumerable opportunities for our Agency to play an active role in the
steady growth of our city. Examples of such opportunities are the role the
Authority will play in the development of the parking facilities at Regatta
Harbour and the Coconut Grove Playhouse. Being active participants in the
planning and construction of these projects will help to ensure that our
customers will be able to easily access convenient and affordable parking,
once they reach their destination.
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Capital Spending Plan Summary for FY 2019-2020
The most significant project that we will be completing this fiscal year is the
Regatta Harbour Garage. This project will add additional parking inventory
to the Grove area and will be an integral part of the waterfront re-
development being undertaken in that part of the City of Miami. Mirroring
the current trends in walkable urbanism, the garage will seize the
opportunity to integrate other transportation modalities, such as car- and
bike -sharing spaces, valet service and shared parking as well as pedestrian -
friendly walkways providing connection to the surrounding waterfront and
park. Additionally, the parking fagade, interior, signage, lighting and
landscaping will be designed to activate the property and facilitate human
interaction.
MPA will continue the effective maintenance routine on its parking
structures, thus avoiding costly repairs and restorations that can be
disruptive to customers. Performing routine structural repairs will help
preserve asset value, functionality and public safety.
FINANCIAL HIGHLIGHTS
Revenues
Total operating revenues are budgeted to be $49,462,308 which is
$7,437,128 or 17.70% higher than fiscal year 2018-19 budget.
Garage revenues are expected to increase by $206,884 or 3.73%. The
biggest factor influencing next fiscal year's revenue projections is the
development being experienced in downtown increasing the number of
transient customers in the garages.
Lot revenues are budgeted to decrease by $370,189 or 3.80%, primarily due
to the Toss of several lots throughout the City due to construction.
On -street revenues are budgeted to increase by $7,527,989 or 30.11%. The
biggest factor influencing next fiscal year's revenue projections in this
category is a full year with the increased rates throughout the parking
system. This increase is offset by the removal of on -street parking spaces
due to construction and other projects throughout the City.
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Expenses
Operating expenses are projected to increase by $2,802,689 or 14.61% to
$21,982,965. This is mainly attributable to the increase in Salaries and
Benefits due to an entire year with a completely staffed Parking
Enforcement department as well as annual adjustments, increased health
insurance costs and increased pension contributions.
Debt Service
Interest and principal payments are budgeted at $4,266,014 and
$1,760,000 respectively. The total debt service for the fiscal year is
estimated at $6,026,014.
Net Revenue and Debt Service Coverage
The proposed budget for fiscal year 2019-20 will provide approximately
$27,639,000 in net revenues available for debt service, resulting in a debt
service coverage of 5.47, before taking into consideration capitalized
interest. After subtracting debt service and expenditures for replacement
and renewals, we are estimating an excess revenue contribution to the City
of Miami of $17,225,000.
SUMMARY
The results for the current year and the budget for fiscal year 2019-20
reflect the continued growth and expansion of the Authority. Net Income
for fiscal year 2019-20 after depreciation, amortization and finance charges
is estimated at $2,989,398.
We are particularly pleased that we have been able to continue to provide
the City with a significant revenue stream for the seventeenth consecutive
year, while steadily addressing and meeting the parking needs of our
residents, businesses, commuters and visitors.
The total amount that the City will be receiving from Miami Parking
Authority for the 2019-20 fiscal year is estimated at $23,544,900. This
figure includes $17,225,000 in excess revenues from operations,
$4,800,000 from parking citation revenues and $1,519,900 from the
operation of various City of Miami -owned parking facilities.
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In closing, I would like to take a moment to highlight the exemplary job
done by MPA's staff and Board. Both have demonstrated an extreme level
of dedication, responsiveness and hard work in order to ensure the
continuous success of our Agency.
Sincerely,
Arthur,Noriega, V
Chief E cutive Officer
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