Fiscal Year 2025- 2026 Recommended Budget

PARKING FACILITIES OPERATING FUND

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Budget Highlights: The FY 25-26 Recommended Budget is decreasing by $1,119,894, or -13.5%. During the FY 24-25 budget, one (1) Administrative Support Specialist position was transferred to the Greensboro Police Department. The FY 25-26 budget includes a reduction of expenses by $1,221,766. The largest reduction includes a reduction of $865,000 in building maintenance and repairs associated with the demolition of the Bellemeade Parking Deck. The Parking fund reduces its transfer to the Parking Facility Capital Reserve fund by $150,000. The FY 25-26 budget includes the elimination of a Part-Time Parking Attendant (0.625) position that is no longer needed due to the demolition of the Bellemeade parking deck. The FY 25-26 budget includes an estimated increase in revenues of $475,000. Estimated revenues will increase if various proposed rate increases are accepted. The current rate increase proposals include a $3 daily rate at the S. Elm Gravel Lot; a new charge of $1.50.hour at the Elm-Green/Elm-McGee Lots; a $3 daily rate at all parking decks on Saturdays; and an hourly parking deck rate increase from $1 to $1.50 at all parking decks. The FY 25-26 budget includes an increase of $159,094 in security contract increases. The fund is projecting a decrease in parking revenues of about $120,000 at the Eugene St. Deck due to long-time parkers now working remotely.

Recommended FY 25-26 Budget

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