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CR 10-129 Proposed Parking Permit Fee IncreasesDecember 7, 2010 M Council Report 2010-129 • PROPOSED PARKING PERMIT FEE INCREASES Proposed Action Staff recommends adoption of the following: Move to approve Resolution 2010-077 Parking Permit Rate Increase. • Approval of the motion will increase parking permit fees as follows — daily fee — no change; monthly fee from $20 to $25; quarterly fee from $47 to $55; and the annual fee from $160 to $185 and no change to the Electric Car Permit fee of $280 for an annual permit or $77 for a quarterly permit, effective January 1, 2011. Overview Current ramp and municipal lot parking permit fees are $3 per day, $20 per month, $47 per quarter and $160 per year and have been in place since 2009. 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. Expenses increased from $114,600 in 1997 to approximately $148,000 in 2004 and have declined to around $106,759 in 2010 primarily due to a reduction in parking enforcement officers from 2 to 1. While revenues have increased from $49,007 in 1997 to approximatley $100,000 in 2004 they too have declined to approximately $85,000 as our court fines revenues have decreased. So, while we have been working to keep expenditures down the revenues have decreased and we've not made progress at getting revenues sufficient to support the operations. 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 will be 20 years old, we will need to provide the resources to adequately maintain them. Current fund balance in the parking fund as of November 30, 2010 is $200,553 which is down from $250,339 as of November 2008. The only capital improvement planned for 2011 is $30,000 for desk resealing which will be paid from the Parking Fund. Despite the proposed rate increase we project a 2011 budget deficit of $36,293. Primary Issues to Consider • Why is the rate increase recommended? • Past permit rates • What are the proposed capital improvement projects? Staff Recommendation Finance recommends increasing the current parking permit rates as stated above to provide revenue for the continued enforcement and maintenance of city owned parking lots and ramp. The change in rates would take effect January 1St, 2011. Supporting Information • Resolution 2010-077 • 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 2010-077 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 $185 Annual $280 (no change) Quarterly $ 55 Quarterly $ 77 (no change) Monthly $ 25 Monthly not available Daily $ 3 (no change) Daily not available . EFFECTIVE DATE: The provisions of this resolution shall take effect January 1, 2011. Adopted by the City Council of the City of Hopkins, Minnesota, this 7th day of December 2010 ATTEST: Terry Obermaier, City Clerk 0 Eugene J. Maxwell, Mayor DEPARTMENT - PARKING • CODE REVENUE 360 Court Fines 370 Interest Earned 381 Leased Parking TOTAL EXPENDITURES Salaries and Employee Benefits 500 Regular Employees 503 Part -Time Employees 525 P.E.R.A. Contribution 526 F.I.C.A. Contribution 527 Employee Benefit Plan 531 Workers' Compensation Insurance 535 Paid Leave Accrual TOTAL Capital Outlay 720 Other Improvements EXPENDITURE TOTAL NET SOURCE (USE) OF FUND • BALANCE FUND 214 REVENUE AND EXPENDITURE DETAIL SUMMARY Material, Supplies and Services 540 Office Supplies 541 Uniforms/Clothing 542 General Supplies •543 549 Equipment & Vehicle Parts Motor Fuels and Lubricants 565 Maint. & Repair- Structures 563 Maint. & Repair- Equip. & Vehicles 568 Printing 580 Audit 583 Other Contractual Services 584 Telephone - Local 587 Radio 604 Electricity 621 Space Allocation 622 Administrative Fee 623 Garage - Labor & Burden 624 Equipment Allocation 651 Fleet Liability 652 General Liability 653 Property Insurance 62,450 TOTAL Capital Outlay 720 Other Improvements EXPENDITURE TOTAL NET SOURCE (USE) OF FUND • BALANCE FUND 214 REVENUE AND EXPENDITURE DETAIL SUMMARY 251 6/30/10 Actual Actual Actual Budget Budget Percent 2008 2009 2010 2010 2011 Change $ 13,983 $ 18,932 $ 8,380 $ 20,000 $ 20,000 9,056 4,144 1,289 7,500 4,000 -46.67% 54,851 39,374 51,602 58,000 58,000 77,890 62,450 61,270 85,500 82,000 -4.09% 35,053 36,618 16,729 39,842 39,164 -1.70% 105 11 - 500 500 2,276 2,471 1,171 2,726 2,868 5.21% 2,663 2,765 1,266 3,087 3,035 -1.68% 775 478 215 250 250 267 237 134 322 271 -15.84% 216 241 121 242 247 2.07% 41,355 42,821 19,637 46,969 46,335 -1.35% 310 493 58 500 500 556 2,963 - 1,250 1,250 226 670 201 750 750 2,812 1,848 1,189 2,250 2,250 5,035 - 284 3,000 3,000 335 98 24 800 800 939 390 - 1,000 1,000 150 150 150 150 150 5,148 2,712 1,334 4,500 3,550 -21.11% 920 924 493 1,050 1,050 232 419 192 480 480 11,362 11,722 4,466 10,500 8,000 -23.81% 5,327 5,767 3,145 6,291 5,897 -6.26% 3,154 3,079 1,639 3,276 3,279 0.09% 805 666 228 820 820 1,268 1,409 713 1,426 1,215 -14.80% 422 378 211 422 338 -19.91% 4,814 4,466 2,323 4,646 3,950 -14.98% 3,413 3,572 1,839 3,679 3,679 47,229 41,726 18,488 46,790 41,958 -10.33% 1,650 - - 13,000 30,000 130.77% $ 90,233 $ 84,548 $ 38,124 $ 106,759 10.80% $ 118,293 (12,343) (22,097) 23,146 (21,259) (36,293) 70.72% 251 0 0.00% 25.00% 17.02% CITY OF HOPKINS, MN 0.00% 17.65% ANALYSIS OF PROPOSED PARKING PERMIT FEE INCREASES 13.33% Years 7.14% Since Incr Year Daily Monthly Quarterly Annual 2 2011 $3.00 $ 25.00 $ 55.00 $185.00 4 2009 $ 3.00 $ 20.00 $ 47.00 $160.00 1 2005 $ 3.00 $ 17.00 $ 43.00 $150.00 1 2004 $ 2.00 $ 15.00 $ 40.00 $140.00 2 2003 $ 2.00 $ 15.00 $ 38.00 $130.00 4 2001 $ 2.00 $ 15.00 $ 35.00 $120.00 1 1997 $ 2.00 $ 15.00 $ 32.00 $110.00 1 1996 $1.50 $ 14.00 $ 30.00 $105.00 1 1995 $1.00 $ 13.00 $ 28.00 $100.00 2 1994 $1.00 $ 12.00 $ 26.75 $ 96.00 1992 $1.00 $ 11.50 $ 25.50 $ 92.00 0 0.00% 25.00% 17.02% 15.63% 0.00% 17.65% 9.30% 6.67% 50.00% 13.33% 7.50% 7.14%