Final Adopted Budget FY23-24

PARKING FACILITIES OPERATING FUND

Departmental Objectives  Build and Sustain a Safety Culture.

 Focus on the future by providing professional growth opportunities.  Document, review, and update key internal and external processes.  Engage in collaborative planning.  Identify and fund smart city technologies, projects, and approaches.  Coordinate data collection, sharing, and maintenance.  Implement the Vision Zero Action Plan.  Engage stakeholders to tell our story, educate, and inform.  Create holistic multi-modal programs, policies, and plans.

Performance Measures

Adopted 2023-24

Actual

Budget 2022-23

Projected 2024-25

2021-22

Workload Measures  Number of tickets issued in CBD  Number of tickets issued outside of CBD

6,000 9,600

5,393 8,521

3,800 8,600

6,000 9,600

350

353

340

330

 Number of tickets issued for Oversized Vehicle violations

Efficiency Measures  Percent of parking facilities utilized by monthly parkers  Revenue generated per parking City-owned space  Percent Parking Operations cost recovery from parking revenue

46% $603 53%

50% $491 66%

40% $613 50%

48% $625 55%

Effectiveness Measures  Percent of parking meters repaired within 48 hours

85% 48%

77% 39%

85% 41%

85% 50%

 Percent of parking meter revenue paid via Parkmobile payment app

Budget Highlights: The FY 23-24 Adopted Budget is increasing by $260,766, or 3.6%.

 The FY 23-24 budget includes a general monthly parking rate increase from $107 to $114; a reserved monthly parking rate increase from $140 to $149; and a reserved monthly surface lot increase from $92 to $99. These increases are effective starting January 1, 2024.

Adopted 2023-24 Budget

108