HomeMy WebLinkAboutForBPCParking Services DivisionFY18BUDGET PRESENTATIONParking Services DivisionCity of Bozeman Fiscal Year 2018 Budget Request Summary
FY 2018 – Parking Services – Budget Request OverviewREVENUE:Total - $942,590.00 w/TFID; Total w/out TIFD $692,590.00 is a 13% Increase (FY 17 $612,199.00) Key Items --FY 17 Rate Increase at Bridger Park Garage increased FY 18 projections by $50,000.00 (25%); total FY 18 = $250,000.00.Neighborhood District Permit revenues were held even; BPC is considering a rate increase in March/April, impact not included in the FY 18 revenue projections. The combination of an increased Residential District Permit fee and elimination of the “Warnings” policy perhaps an additional $20,000 - $25,000.00 in revenue. (?)Additional work to be done exploring growth and diversity in revenue streams: advertising at surface lots/garage; application of more effective garage lease sale calculations; creation of additional residential parking districts.
FY 2018 – Parking Services – Budget Request OverviewEXPENDITURES:Total $937,299.00 (includes TIFD funds) is a $86,251.00 (10%) increase from total FY 17 outlay of $851,048.00.Of the $86,251 in additional expenditures, $85,000 is TIF funding for CIP Projects. Key Items:Most operational line items were held even, or adjusted slightly, to allow new PPM to understand operations, and where potential cuts/efficiencies might be implemented (Maybe, up to another $15,0000 in reductions ?). This approach also allows PSD to experience the impact of new garage and citation equipment, as well as implementation of the 2016 Strategic Parking Management Plan.FY 18 Expenditures include $250,000 for new revenue control software/equipment at Bridger Park Downtown, as well as new citation software/equipment for the enforcement and finance staff.Increased ‘Admin: Prof. Svc.’ by $15,000, based on limited history of transaction processing costs (Duncan).Created a Professional Development line item for the Enforcement staff ($1600.00)Moving the Parking Enforcement fleet to the Bridger Park Downtown (annual leases, $2,600.00).Garage litigation expenses from ‘Enforcement: Insurance’ to ‘Garage: Insurance’ and reduced by $4,000.00Parking Services has requested approval for a management intern position in FY 18; 15 hrs./week = .375 FTE) to assist the PPM with various policy, research, and special project activities.
FY 2018 – Parking Services – Budget Request OverviewGoals for FY 18:Effective implementation of the 2016 Strategic Parking Management PlanContinued emphasis on increasing the effectiveness of PSD operations.Complete critical facility updates and technology/equipment replacement.Reorganize current account structure to allow for more specific revenue and cost accounting of parking facilities; Surface Lots – Parking Garage #1 – Parking Garage #2 (?) –Additional Residential Districts – Etc.Plan, and fund, facility O & M issues in a pro-active, scheduled, manner.Integrate the PSD into relevant policy discussions regarding community development, economic development, public safety, downtown vitality, and municipal operations.Explore opportunities for public-private partnerships with regard to ‘shared’ capacity.Emphasize a culture at PSD that reflects a commitment to operating with a ‘business’ perspective, recognizes the importance of quality customer service, and develops a high level of trust and teamwork between division members, partners, and citizens.