Page 88 - FY 2020-21 Revenue Outlook
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REVENUE MONTHLY STATUS REPORT
Transfer from the Special Parking Revenue Fund
(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - 0 - -
AUGUST - - - - - - 0 - -
SEPTEMBE - - - - - - 0 - -
OCTOBER - - - - - - 0 - -
NOVEMBER - - - - - - 0 - -
DECEMBER - - - - - - 0 - -
JANUARY - - - - - - 0 - -
FEBRUARY - - - - - - 0 - -
MARCH - - - - - - 0 - -
APRIL - - - - - -
MAY - - - - - -
JUNE 28,342 31,000 32,116 57,313 31,294 27,721
TOTAL $ 28,342 $ 31,000 $ 32,116 $ 57,313 $ 31,294 $ 27,721
% Change -49.5% 9.4% 3.6% 78.5% -2.6% -11.4%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY - - - - - -
JUNE 28,342 31,000 32,116 57,313 31,294 27,721
An ordinance to amend the Administrative Code in 2008-09 allowed the Council to determine a surplus amount of
Special Parking Revenue Funds (SPRF) to be transferred to the Reserve Fund for unrestricted use. The code was
subsequently amended in 2011-12 to require that prior to declaring a surplus, funding would be set aside for a 5-
year maintenance and operations plan for SPRF-funded programs.
The 2019-20 transfer has been reduced by $26 million to $31.3 million, of which $10 million represents a reduction
of the base transfer of $23.5 million. Approximately $18.3 million of the reduction is attributed to lower parking
meter and parking lot receipts during the pandemic. One-time revenue includes anticipate revenue related to the
Mangrove property. 2020-21 receipts assume the return to full service levels.
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