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CR 11-090 Proposed Parking Permit Fee Increases-4coOctober 4, 2011 Council Report 2011-090 City of Hopkins PROPOSED PARKING PERMIT FEE INCREASES Proposed Action Staff recommends adoption of the following: Move to approve Resolution 2011-052 Parking Permit Rate Increase. Approval of the motion will increase parking permit fees as follows — daily fee — no change; monthly fee — no change; quarterly fee from $55 to $60; and the annual fee from $185 to $200 and no change to the Electric Car Permit fee of $280 for an annual permit or $77 for a quarterly permit, effective January 1, 2012. Overview Current ramp and municipal lot parking permit fees are $3 per day, $25 per month, $55 per quarter and $185 per year. 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 $90,000 in 2011 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 $82,000 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 and capital needs of the ramps and lots. 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 over 20 years old, we will need to provide the • resources to adequately maintain them. Current fund balance in the parking fund as of September 30, 2011 is $190,034 which is down from a high of $358,150 in 2001. The fund balance has declined every year since 2001. We have no high maintenance or capital items in the 2012 budget which with the rate increase is balanced. 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 1 s`, 2012. Supporting Information • Resolution 2011-052 • 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 2011-052 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 $200 Annual $280 (no change) Quarterly $ 60 Quarterly $ 77 (no change) Monthly $ 25 (no change) Monthly not available Daily $ 3 (no change) Daily not available 0 EFFECTIVE DATE: The provisions of this resolution shall take effect January 1, 2012. Adopted by the City Council of the City of Hopkins, Minnesota, this 4th day of October 2011. ATTEST: Kristine A. Luedke, City Clerk 0 Eugene J. Maxwell, Mayor • DEPARTMENT - PARKING CODE REVENUE 360 Court Fines 370 Interest Earned 381 Leased Parking TOTAL FUND 214 REVENUE AND EXPENDITURE DETAIL SUMMARY 8/19/2011 Actual Actual Actual Budget Budget Percent 2009 2010 2011 2011 2012 Change $ 18,932 $ 19,775 $ 11,525 $ 20,000 $ 20,000 22,708 4,144 1,721 436 4,000 1,500 -62.50% 39,374 53,199 65,569 58,000 67,000 15.52% 62,450 74,695 77,529 82,000 88,500 7.93% EXPENDITURES Salaries and Employee Benefits 500 Regular Employees 36,618 36,152 22,708 39,164 39,533 0.94% 503 Part -Time Employees 11 22 - 500 - -100.00% 525 P.E.R.A. Contribution 2,471 2,534 1,544 2,868 2,866 -0.07% 526 F.I.C.A. Contribution 2,765 2,738 1,613 3,035 3,024 -0.35% 527 Employee Benefit Plan 478 436 298 250 100 -60.00% 531 Workers' Compensation Insurance 237 211 108 271 271 535 Paid Leave Accrual 241 242 165 247 249 0.81% TOTAL 42,821 42,335 26,436 46,335 46,043 -0.63% Material, Supplies and Services 540 Office Supplies - - - - - 541 Uniforms/Clothing 493 268 104 500 500 542 General Supplies 2,963 333 184 1,250 1,250 543 Equipment & Vehicle Parts 670 779 237 750 750 549 Motor Fuels and Lubricants 1,848 2,403 1,668 2,250 2,250 565 Maint. & Repair- Structures - 284 1,240 3,000 3,000 563 Maint. & Repair- Equip. & Vehicles 98 61 50 800 800 568 Printing 390 710 - 1,000 1,000 580 Audit 150 150 150 150 150 583 Other Contractual Services 2,712 2,750 1,935 3,550 3,550 584 Telephone - Local 924 1,006 486 1,050 1,050 587 Radio 419 415 223 480 480 604 Electricity 11,722 11,342 6,477 8,000 8,000 621 Space Allocation 5,767 6,291 3,931 5,897 5,688 -3.54% 622 Administrative Fee 3,079 3,276 2,185 3,279 2,961 -9.70% 623 Garage - Labor & Burden 666 608 800 820 800 -2.44% 624 Equipment Allocation 1,409 1,426 810 1,215 1,355 11.52% 651 Fleet Liability 378 295 225 338 348 2.96% 652 General Liability 4,466 3,051 2,633 3,950 4,108 4.00% 653 Property Insurance 3,572 3,407 2,453 3,679 4,047 10.00% TOTAL 41,726 38,853 25,792 41,958 42,087 0.31% Capital Outlay 720 Other Improvements - 14,450 - 30.000 - -100.00% EXPENDITURE TOTAL $ 84,548 $ 95,637 $ 52,228 $ 118,293 $ 88,130 -25.50% NET SOURCE (USE) OF FUND is BALANCE (22,097) (20,942) 25,301 (36,293) 370 -101.02% 0 CITY OF HOPKINS, MN ANALYSIS OF PROPOSED PARKING PERMIT FEE INCREASES Percent Increase Year Daily Monthly Quarterly Annual Daily Mnthly Qtly Annual 2012 $ 3.00 $ 25.00 $ 60.00 $200.00 0.00% 0.00% 9.09% 8.11% + 5.00/qtr + 15.00/yr = $1.66/mo = $1.25/ mo 2011 $ 3.00 $ 25.00 $ 55.00 $185.00 0.00% 25.00% 17.02% 15.63% 2009 $ 3.00 $ 20.00 $ 47.00 $160.00 0.00% 17.65% 9.30% 6.67% 2005 $ 3.00 $ 17.00 $ 43.00 $150.00 50.00% 13.33% 7.50% 7.14% 2004 $ 2.00 $ 15.00 $ 40.00 $140.00 2003 $ 2.00 $ 15.00 $ 38.00 $130.00 2001 $ 2.00 $ 15.00 $ 35.00 $120.00 1997 $ 2.00 $ 15.00 $ 32.00 $110.00 1996 $ 1.50 $ 14.00 $ 30.00 $105.00 1995 $ 1.00 $ 13.00 $ 28.00 $100.00 1994 $ 1.00 $ 12.00 $ 26.75 $ 96.00 1992 $ 1.00 $ 11.50 $ 25.50 $ 92.00 0