Page 89 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transfer from the Special Parking Revenue Fund
(Thousand Dollars)

2017-18 2018-19 2019-20 2020-21 2021-22
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY - - - - - -
JUNE 31,000 32,116 31,294 27,721 - 8,477
TOTAL $ 31,000 $ 32,116 $ 31,294 $ 27,721 $ - $ 8,477
% Change 9.4% 3.6% -2.6% -11.4% -100.0% NA
2017-18 2018-19 2019-20 2020-21 2021-22
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBER - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY - - - - - -
JUNE 31,000 32,116 31,294 27,721 - 8,477

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.
A reduced transfer amount, below the base of $23.5 million, was assumed for 2020-21 in anticipation of lower
parking meter and parking lot receipts from the first pandemic closure. Extended and renewed closures reduced
parking demand further, eliminating surplus funds available for transfer. The $8.5 million transfer amount for 2021-
22 reflects anticipated surplus funds after funding operations and maintenance costs.

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