The Parking Division FY21 budget is being presented, no specific action is required.

The Parking Division is an enterprise fund totally self-funded, with the exception of TIF funds that usually amount to $100,000, unless a special project requires more funding.  The Division operates and maintains 4 parking garages, 5 public lots, 830 parking meters, 40 permit zones and landlord for 6 retail spaces.  Further Parking Division details and the FY21 Parking Budget will be presented at this Work Session.  The impacts of COVID-19 on the Parking Division will also be discussed.  Please see the attached Parking Division budget overview for more information.

City Council may upon final budget adoption:

• Approve the Parking Division budget at the Council meeting on June 22, 2020, or
• Make adjustments to the Parking Division proposed budget and approve the adjusted budget for the Parking Division at a later date.

The City Council's approval of the Parking Division FY2021 Budget will allow the Parking Division to continue to operate during this fiscal year. The Parking Division's overall FY2021 budget is the following:
REVENUE:  $2,059,549
EXPENSE:  $1,955,379