Page 88 - FY 2022-23 Revenue Outlook

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

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY - - - - - -
JUNE 32,116 31,294 - 8,477 8,477 30,426
TOTAL $ 32,116 $ 31,294 $ - $ 8,477 $ 8,477 $ 30,426
% Change 3.6% -2.6% -100.0% NA NA 258.9%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ - - - - - - - -
AUGUST - - - - - - - -
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER - - - - - - - -
DECEMBER - - - - - - - -
JANUARY - - - - - - - -
FEBRUARY - - - - - - - -
MARCH - - - - - - - -
APRIL - - - - - -
MAY - - - - - -
JUNE 32,116 31,294 - 8,477 8,477 30,426

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 2021-22 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 $30.4 million transfer amount for
2022-23 reflects $6.9 in additional surplus revenue above the base.

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