At the September 29, 2020 meeting the City Commission approved the FY 20/21 budget which included a one-time $1.2M dollar transfer from the General Fund to the Parking Department to help the Department fund the retention of 17 full-time employees in the Parking enforcement division. 

In accordance with direction given at the October 14, 2020 City Commission Meeting, the Parking Department provided updates on the status of and future plans for the Department at the FERC meeting held on November 13, 2020. The Department also provided updates at the January 22, 2021 and March 26, 2021 FERC meetings.

At the January 22^nd meeting the Parking Department reported on a successful first quarter.  Nevertheless, due to the persistence of COVID-19, future budgetary projections had to be modified.  From our budgeted 75% of FY2019 revenue projection beginning in January of 2021, Q1 projections were lowered to 65%.

At the March 26^th meeting the Parking Department reported an estimated surplus of $2.8M primarily due to cost savings measures but also including revenue above original estimates.

Parking Department Q2 revenue projections slightly exceeded budgeted amounts for FY2021, however, we continue to save on operating expenses. When evaluating revenue and expenses we project to finalize the year with a surplus of approximately $5M excluding the $1.2M transfer from General Fund.

We monitor revenue on a weekly basis and continue to see an improved outlook for the remainder of the fiscal year. Consequently, for FY2022 we are projecting revenue at 90% of pre-covid levels.

The Department has continued to try to fill enforcement officer vacancies and is hopeful to have all full and part-time positions filled soon. Additionally, the Department continues its efforts to reinstate service levels, including security, janitorial and landscaping, to meet increasing demand and restore facility aesthetics while ensuring to remain within budget.