IV.4. Proposed Parking Permit Fee Increases; Harkess (CR2015-131)
November 2, 2015 Council Report 2015-131
PROPOSED PARKING PERMIT FEE INCREASES
Proposed Action
Staff recommends adoption of the following: Move to approve Resolution 2015-084 Parking Permit Rate
Increase.
Approval of the motion will increase parking permit fees by $1 per month as follows: daily fee and overnight
fee– no change; monthly fee – from $30 to $31; quarterly fee from $70 to $74; the annual fee from $225 to $237,
and no change to the Electric Car Permit fee of $280 for an annual permit or $77 for a quarterly permit.
Overview
Current ramp and municipal lot parking permit fees are $3 per day, $30 per month, $70 per quarter, $225 per year
along with an overnight parking fee of $25. An increase in the parking permit rates will help offset the raising
cost of maintenance and enforcement of the city owned municipal lots and the aging municipal ramp.
The sources of revenue for the maintenance of the parking facilities are permit fees, court fines and interest. As
our facilities age, especially the parking ramp which is over 20 years old, we will need to provide the resources to
adequately maintain them. Current fund balance in the parking fund as of October 20, 2015 is $171,893 which is
down from a high of $358,150 in 2001. The fund balance has declined every year since 2001. We have budgeted
$250,000 for masonry repairs in the ramp based on a 2013 conditions appraisal. This was originally budgeted in
2015 but has been pushed back to 2016. This expenditure will put a strain on the Parking Fund and we may need
to explore other financing options for this project or do it in phases.
Primary Issues to Consider
Financial performance of the Parking Fund
Past permit rates
Proposed capital expenditure projects
Staff Recommendation
Finance recommends increasing the current parking permit rates as stated above to provide revenue for the continued
st
enforcement and maintenance of city owned parking lots and ramp. The change in rates would take effect January 1,
2016.
Supporting Information
Resolution 2015-084
Summary budget information
Analysis of past rate increases
Christine M. Harkess, CPA, CGFM
Finance Director
Financial Impact: approximately $3,000 Budgeted: Y/N X N
Source: Parking Fund
Related Documents (CIP, ERP, etc.): __CIP __ Notes: ____________________
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2015-084
PARKING PERMIT RATE INCREASE
WHEREAS
, the City of Hopkins has established Ordinance No. 91-1310, City Code
section 1310.11 which defines parking permit rates and allows adoption of fees through council
resolution, and,
WHEREAS,
it is estimated the present parking permit rates are not sufficient to cover
operating and enforcement expenses over the next five years and will not provide sufficient
funding for capital improvements to the municpal lot and parking ramp;
NOW, THEREFORE
, be it hereby resolved that the City Council of the City of Hopkins
hereby sets the parking permit fees at the following rates:
Parking Permits Electric Car Permits
Annual $237 Annual $280 (no change)
Quarterly $ 74 Quarterly $ 77 (no change)
Monthly $ 31 Monthly not available
Daily $ 3 (no change) Daily not available
Overnight $ 25 (no change)
EFFECTIVE DATE: The provisions of this resolution shall take effect January 1, 2016.
nd
Adopted by the City Council of the City of Hopkins, Minnesota, this 2 day of November 2015.
_______________________________
Eugene J. Maxwell, Mayor
ATTEST:
___________________________________
Amy Domeier, City Clerk
DEPARTMENT - PARKINGFUND 214
REVENUE AND EXPENDITURE DETAIL SUMMARY
9/22/2015
ActualActualActualBudgetBudgetPercent
CODE20132014201520152016Change
REVENUE
360Court Fines$22,207 $17,474 $12,525 $22,000 $22,000
370Interest Earned(644) 2,169 2,115 500 1,000 100.00%
381Leased Parking70,167 87,291 112,944 74,000 115,000 55.41%
TOTAL91,729 106,934127,583 96,500 138,000 43.01%
EXPENDITURES
Salaries and Employee Benefits
500Regular Employees38,279 38,195 28,372 42,190 42,246 0.13%
503Part-Time Employees669 542 667 500 500
524SL/Converted-LTD- - - - 313
525P.E.R.A. Contribution2,776 2,552 2,015 3,165 3,169 0.13%
526F.I.C.A. Contribution2,952 2,707 2,084 3,266 3,271 0.15%
527Employee Benefit Plan368 418 315 390 11,397 2822.31%
531Workers' Compensation Insurance291 232 135 281 265 -5.69%
535Paid Leave Accrual(723) 259 178 267 268 0.37%
TOTAL44,612 44,905 33,767 50,059 61,429 22.71%
Material, Supplies and Services
540Office Supplies- - - - -
541Uniforms/Clothing510 417 147 500 500
542General Supplies3,076 84 - 1,100 1,100
543Equipment & Vehicle Parts2,358 402 4 750 750
549Motor Fuels and Lubricants3,175 2,620 265 3,200 3,200
560Postage- - 1 - -
565Maint. & Repair- Structures10,040 6,758 13,915 2,000 2,100 5.00%
563Maint. & Repair- Equip. & Vehicles41 50 13 500 500
568Printing858 325 - 750 750
580Audit150 150 150 150 150
582Expert & Professional Services28,000 - - - -
583Other Contractual Services12,585 15,743 6,370 4,000 6,000 50.00%
584Telephone - Local869 831 555 1,000 925 -7.50%
587Radio46 - - 480 - -100.00%
604Electricity12,101 11,809 7,553 10,000 9,000 -10.00%
621Space Allocation5,746 5,624 3,693 5,540 5,682 2.56%
622Administrative Fee2,048 2,036 1,225 1,839 1,626 -11.58%
623Garage - Labor & Burden2,016 1,764 - 800 2,000 150.00%
624Equipment Allocation1,287 1,349 940 1,410 1,895 34.40%
651Fleet Liability417 460 213 320 483 50.94%
652General Liability4,212 4,487 2,982 4,490 4,533 0.96%
653Property Insurance5,083 6,840 3,677 5,516 6,977 26.49%
TOTAL94,620 61,750 41,703 44,345 48,171 8.63%
Capital Outlay
720Other Improvements- - - 45,000 250,000 455.56%
EXPENDITURE TOTAL
$139,232 $106,655$75,470 $139,404$359,600 157.96%
NET SOURCE (USE) OF FUND
BALANCE
279(47,502) 52,114 (42,904) (221,600) 416.50%
Fund Balance 9-22-2015
181,692181,692
1
CITY OF HOPKINS, MN
ANALYSIS OF PROPOSED PARKING PERMIT FEE INCREASES
Percent IncreaseAnnualized
YearDailyMonthlyQuarterlyAnnualOvernightDailyMnthlyQtlyAnnualOvernightMonthlyQuarterlnnual
yA
20163.00$ 31.00$ 74.00$ 237.00$ 25.00$0.00%3.33%5.71%5.33%0.00%$ 296.00372.00$ 237.00$
+1.00/mo+ 4.00/qtr+ 12.00/yr$ Savings over quarterly(59.00)
= $1.00/mo= $1.00/mo$ (135.00)(76.00)$ Savings over monthly
20153.00$ 30.00$ 70.00$ 225.00$ 25.00$ 0.00%11.11%7.69%4.65%0.00%
+3.00/mo+ 5.00/qtr+ 10.00/yr
= $1.66/mo= $0.83/ mo
20143.00$ 27.00$ 65.00$ 215.00$ 25.00$ 0.00%8.00%8.33%7.50%
+2.00/mo+ 5.00/qtr+ 15.00/yrnew
= $1.66/mo= $1.25/ mo
20123.00$ 25.00$ 60.00$ 200.00$ 0.00%0.00%9.09%8.11%
20113.00$ 25.00$ 55.00$ 185.00$ 0.00%25.00%17.02%15.63%
20093.00$ 20.00$ 47.00$ 160.00$ 0.00%17.65%9.30%6.67%
20053.00$ 17.00$ 43.00$ 150.00$ 50.00%13.33%7.50%7.14%
20042.00$ 15.00$ 40.00$ 140.00$
20032.00$ 15.00$ 38.00$ 130.00$
20012.00$ 15.00$ 35.00$ 120.00$
19972.00$ 15.00$ 32.00$ 110.00$
19961.50$ 14.00$ 30.00$ 105.00$
19951.00$ 13.00$ 28.00$ 100.00$
19941.00$ 12.00$ 26.75$ 96.00$
19921.00$ 11.50$ 25.50$ 92.00$