Page 88 - FY 2020-21 Revenue Outlook
P. 88

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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