Article 60 FY27 Parking Fund Budget¶
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FY2027 PARKING FUND BUDGET
REVENUES
FY24
ACTUAL
FY25
ACTUAL
FY26
BUDGET
FY27
BUDGET *
Single Space Meters
$202,949
$171,840
$182,654
$154,656
Multi-Space Meters
$70,325
$60,775
$63,292
$54,698
Charging Station
$27,366
$41,543
$24,629
$37,389
Pay by Phone
$173,103
$227,193
$155,793
$204,474
Interest
$63,951
$70,857
$31,976
$63,771
TOTAL
$537,694
$572,208
$458,344
$514,988
EXPENDITURES
FY24
ACTUAL
FY25
ACTUAL
FY26
BUDGET
FY27
BUDGET
MAINTENANCE AND OPERATION
IPS, CC Fee, Coin Collection
$107,607
$109,162
$135,000
$135,000
Charging Stations
$10,006
$ -
$10,000
$14,000
Electricity at Charging Stations
$10,250
$70,867
$6,800
$46,293
Multi-Space Meter Kiosk Replacement
$ -
$ -
$61,260
$25,000
Lease Payments
$6,000
$6,000
$6,000
$6,000
Parking Enforcement/Admin
$111,325
$114,148
$117,454
$190,311
Meter Upgrade
$85,815
$ -
$ -
$ -
PCO Replacement Vehicle
$ -
$ -
$ -
$ -
Maintenance and Operation Subtotal
$331,003
$300,177
$336,514
$416,604
PARKING BENEFIT DISTRICT
Russell Common Lot
$ -
$36,137
$200,000
$33,000
Trash Management
$ -
$ -
$ -
$7,500
Seasonal Plantings/Waterings
$35,200
$46,013
$47,500
$105,000
Landscape Maintenance/Weeding
$ -
$ -
$20,000
$20,000
Power Washing
$13,574
$ -
$20,000
$10,000
Electric Upgrades
$ -
$ -
$50,000
$100,000
Arts and Culture
$ -
$38,532
$ -
$10,000
Decorative Lighting
$2,530
$ -
$30,000
$35,000
Snow Clearing
$ -
$ -
$ -
$20,000
Streetscape Improvements
$3,500
$3,500
$15,000
$15,000
Encumbrances
$ -
$ -
$ -
$ -
Parking Benefit District Subtotal
$54,804
$124,182
$382,500
$355,500
TOTAL
$385,807
$424,359
$719,014
$772,104
FY24
ACTUAL
FY25
ACTUAL
FY26
BUDGET
FY27
BUDGET
REVENUES
$537,694
$572,208
$458,344
$ 514,988
EXPENDITURES
$385,807
$424,359
$719,014
$772,104
Surplus (Deficit)
$151,887
$147,849
$(260,670)
$(257,116)
Beginning FY Fund Balance
$623,422
$803,267
$935,768
$675,098
Ending FY Fund Balance
$803,267
$935,768
$675,098
$417,982
= forecast
Approved 2/25/26
*Amended 3/23/26 by Julie Wayman
