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SUMMARY

CITY OF LOS ANGELES INTER-DEPARTMENTAL MEMORANDUM

June 11, 2012

The Honorable City Council c/o City Clerk, Room 395 Attention: Honorable Bill Rosendahl, Chair, Transportation Committee

Jaime de Ia Vega, General Manag Department of Transportation

ANNUAL UPDATE OF SPECIAL PA Kl G REVENUE FUND (SPRF) 5-YEAR OPERATIONS AND MAINTE NCE PLAN (CF 12-0600-S87)

This report presents the "5-Year Parking Operations and Maintenance Plan" ("5-Year Plan") for the Special Parking Revenue Fund (SPRF) for approval by the City Council.

RECOMMENDATION

1. APPROVE the attached "5-Year Parking Operations and Maintenance Plan" ("5-Year Plan") for the Special Parking Revenue Fund (SPRF) covering fiscal years 2013 through 2017.

DISCUSSION

The attached report previously was submitted to the Budget & Finance Committee as part of the FY 2012-2013 budget deliberations however the City Council did not formally approve the plan. The Los Angeles Administrative Code requires City Council approval of the plan.

In addition, the attached table re-presents the financial data in the format requested by the City Administrative Officer and Chief Legislative Analyst. The table also has been submitted electronically directly to the CAO and CLA under separate cover.

In response to City Council direction to additionally report on "the status of the ordinance to establish meters in other areas of the City," the Board of Transportation Commissioners approved the establishment of a new Westchester Parking Meter Zone and the expansion of the Palms Parking Meter Zone at their meetings on April 12, 2012 and May 10, 2012, respectively. These reports included draft ordinances for implementation of meters in the new areas. The approved reports were transmitted to the Mayor's Office and subsequently to the Office of the CAO for analysis. The GAO's Office will next be transmitting reports on these matters to the City Council for

The Honorable City Council - 2- June 11, 2012

consideration and approval. Based on Council direction, the City Attorney would subsequently submit final ordinances to the City Council for approval.

JTV:dem

Attachments

c: Detrich Allen, Executive Officer, LADOT Daniel Mitchell, Senior Transportation Engineer, LADOT Rene Sagles, Senior Management Analyst II, LADOT

Table 1. SPRF 5-Year Plan Summary FY12-13 FY13-14 FY14·15 FY15-16 FY16-17

Operating Revenue Parking Meters $ 48,666,000 $ 49,639,320 $ 50,632,106 $ 51,644,749 $ 52,677,643 Parking Facilities $ 5,796,900 $ 5,912,838 $ 6,031,095 $ 6,151,717 $ 6,274,751 Hollywood & highland $ 12,253,680 $ 12,498,754 $ 12,748,729 $ 13,003,703 $ 13,263,777 Interest $ 338,047 $ 344,808 $ 351,704 $ 358,738 $ 365,913 Leasing/Rent Off-Street $ 600,000 $ 612,000 $ 624,000 $ 636,000 $ 649,000 Others $ $ $ $ $

TOTAL OPERATING REVENUE $ 67,654,627 $ 69,007,720 $ 70,387,634 $ 71,794,907 $ 73,231,085

0 & M Expenditures Collection Services $ 1,900,000 $ 1,957,000 $ 2,015,710 $ 2,076,181 $ 2,138,467 Contractual Services $ 18,887,768 $ 19,454,401 $ 20,038,033 $ 20,639,174 $ 21,258,349 Replacement, Parts, Tools & Equipment $ 800,000 $ 824,000 $ 848,720 $ 874,182 $ 900,407 Parking Facilities Lease Payments $ 400,000 $ 370,000 $ 370,000 $ 370,000 $ 371,000 Maint, Repair & Utility Svcs (off-Street) $ 1,830,000 $ 1,873,100 $ 1,917,257 $ 1,962,498 $ 2,008,851 TrainingfTravel $ 15,000 $ 18,000 $ 22,000 $ 22,000 $ 22,000 Mise Equipment & Office Supplies $ 95,000 $ 64,000 $ 99,000 $ 64,000 $ 64,000 Library Trust Fund $ $ $ $ $ Pakg Mtr & Off-Street Admin Salaries $ 4,811,770 $ 6,195,200 $ 6,443,008 $ 6,700,728 $ 6,968,757 Pakg Mtr & Off-Street Admin Related Costs $ 3,428,867 $ 4,436,369 $ 4,613,824 $ 4,798,377 $ 4,990,312

TOTAL O&M EXPENDITURES $ 32,168,405 $ 35,192,070 $ 36,367,552 $ 37,507,140 $ 38,722,143

Debt Service TOTAL DEBT SERVICE $ 9,816,096 $ 10,186,000 $ 10,176,000 $ 10,176,000 $ 10,176,000

Capital Expenditures Off-Street Parkio9 Revenue Control Equipment $ $ 15,000 $ 10,000 $ 10,000 $ 10,000 C!EP- Filtration Project $ 1,000,000 $ 1,000,000 $ 1,000,000 $ $ Projects to be Designated $ $ $ $ $

TOTAL OFF-STREET PARKING $ 1,000,000 $ 1,015,000 $ 1,010,000 $ 10,000 $ 10,000 Meter 0Qeratioo!:1 New Card & Coin Meters (UpgradesfLoading Zones) $ 519,000 $ 270,000 $ 270,000 $ $ New Card & Coin Meter Expansion $ 739,000 $ 739,000 $ 739,000 $ 558,000 $ 558,000 Pay Station Lots (off-street lots) $ 164,000 $ 164,000 $ 164,000 $ $ Replacement Meter RFP $ $ $ 2,770,000 $ 5,540,000 $ 5,540,000 Meter Housing Upgrade $ 646,000 $ 646,000 $ 646,000 $ $ Meter Housing & Locks for Loading Zones $ $ 192,000 $ 192,000 $ $ New Meter Electronic Locks $ 1,033,000 $ $ $ $ Meter & Collection Canister Upgrade $ $ 1,167,000 $ 1,167,000 $ $ ExpressPark New Areas (sensorsfsigns) $ $ 682,000 $ 682,000 $ 682,000 $ 682,000 Enforcement T echnoloy - Sensors $ $ 261,000 $ 261,000 $ 261,000 $ 261,000 Enforcement T echnoloy -TO Vehicles $ $ 170,000 $ 170,000 $ 170,000 $ 170,000 IPS Meter Card & Coin Leases $ 4,004,000 $ 2,770,000 $ $ $

TOTAL METER OPERATIONS $ 7,105,000 $ 7,061,000 $ 7,061,000 $ 7,211,000 $ 7,211,000 Collection & Investigation Coin Room Equipment, Fleet Vehicles $ 43,200 $ 35,000 $ 35,000 $ 35,000 $ 35,000

Office Administration Desktop Computer replacement $ 65,000 $ 30,000 $ 65,000 $ 30,000 $ 30,000

TOTAL CAPITAL EXPENDITURES $ 8,213,200 $ 8,141,000 $ 8,171,000 $ 7,286,000 $ 7,286,000

Miscellaneous Expenditures 5% Contigency $ $ 1,759,604 $ 1,818,378 $ 1,875,357 $ 1,936,107

TOTAL OTHERS $ $ 1,759,604 $ 1,818,378 $ 1,875,357 $ 1,936,107

ESTIMATED TOTAL UNPROGRAMMED $ 17,456,926 $ 13,729,046 $ 13,854,704 $ 14,950,410 $ 15,110,835

Date:

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SUMMARY

CITY OF LOS ANGELES INTER-DEPARTMENTAL CORRESPONDENCE

May4,2012

Budget & Finance Committee c/o City Clerk, Room 395, City Hall

Attention: Honorable Paul Krekorian, Chair

~~ Jaime de Ia Vega, cfu;ineral Manager Department of Transportation

ANNUAL UPDATE OF SPECIAL PARKING REVENUE FUND (SPRF) 5-YEAR OPERATIONS AND MAINTENANCE PLAN (Question No. 140)

This report provides an annual update of the "5-Year Parking Operations and Maintenance Plan" ("5-Year Plan") for the Special Parking Revenue Fund (SPRF) per Subsection ?(b) of Section 5.117 of the Los Angeles Administrative Code and is being submitted as part of the proposed 2012-2013 budget hearings at the request of the Budget & Finance Committee.

INTRODUCTION

The proposed 5-Year Plan presented in this report and its appendices describes the recommended investment in the city's parking program necessary to fund capital improvement projects, planning, operations and maintenance, and debt service. The 5-Year Plan encompasses a rolling five year period and is updated annually. Year 1 in the proposed 5-Year Plan is fiscal year (FY) 2012-2013 and the funding levels are · consistent with the Los Angeles Department of Transportation's (LADOT) budget in the proposed 2012-2013 budget.

DISCUSSION

Goals

The goals of the SPRF program remain the same: maintain parking infrastructure, increase customer service, improve data collection and analytics, increase the efficiency of parking utilization, and support revenue generation.

Period

The updated 5-Year Plan covers the period from FY 2013 to FY2017. FY 2012 was the first year of the City Council-adopted 5-Year Plan.

Budget & Finance Committee - 2- May 4, 2012

Revenue

Revenue is expected to grow $8.8 Million in FY 2013, or 15.7%. See Attachment 8 for full revenue detail.

Table 1 - SPRF Revenue

Fiscal Year 5-Year Plan

2011 2012 2013 2014 2015 2016 2017 Total $millions Actual Est. Revenue 56.2 65.0 67.7 69.0 70.4 71.8 73.2 352.1 Change 8.8 8.8 2.7 1.4 1.4 1.4 Change% 15.7% 15.7% 4.1% 2.0% 2.0% 2.0%

Expenditures

The proposed 5-Year Plan includes $275.1 million in investment between FY 13-17, with $ 51.7 million in FY 2013. See Attachment 8 for full expenditure detail.

Table 2- SPRF Expenditures

Fiscal Year ' 5-Year Plan

2011 2012 2013 2014 2015 2016 2017 Total $millions Actual Est. O&M 22.4 32.4 32.2 35.2 36.4 37.5 38.7 180.0 Debt Service 8.7 9.1 9.8 10.2 10.2 10.2 10.2 50.5 Capital 1.4 9.1 8.1 8.1 8.1 7.3 7.3 38.9 Contingency - - - 1.8 1.8 1.9 1.9 7.4 Total 32.5 50.6 50.1 55.2 56.5 56.8 58.1 276.8 Change 18.1 (0.5) 5.1 1.2 0.3 1.3 Change% 55.7% -0.9% 10.2% 2.2% 0.6% 2.2%

Budget & Finance Committee - 3 - May 4, 2012

Financial Summary

Table summarizes the starting balance, revenue expenses, adjustments, and ending balance. See Attachment 8 for full details.

Table 3 ·Financial Summary

Fiscal Year 5-Year Plan

2011 2012 2013 2014 2015 2016 2017 $millions Actual Est. Start Balance 34.1 28.2 26.0 11.0 24.7 38.7 53.6 Revenue 48.6 56.2 65.0 67.7 69.0 70.4 71.8 Expenses 36.0 50.6 50.1 55.2 56.5 56.8 58.1 Adjustments (26. 1) (16.5) (32.6) . - - -End Balance 28.2 26.0 11.0 24.7 38.7 53.6 68.8

Net Revenue* 12.6 5.6 14.8 12.4 12.5 13.6 13.7

*Revenue- Expenses (before adjustments)

The adjustments include: • $14.019 million transfer to the general fund in FY 2011 • $16.509 million transfer to the general fund in FY 2012 o $32.577 million transfer to the general fund in FY 2013 (proposed) • The additional adjustment ($12.063 million) in FY 2011 reflects FY 2011

appr~priations expended in FY 2012

Changes to SPRF 5-Year Plan

Total

343.8 276.8 (32.6) 196.8

67.1

This section summarizes the changes from the current 5-Year Plan adopted by the City Council.

FY 2012 Program Elements Now in FY 2013

The following items will not be completed in FY 2012 and are scheduled to begin in FY 2013:

• Parking Meter Technician vehicle upgrades and in-vehicle key programming (rescheduled to coincide with workforce management development in Express Park schedule)

• Parking facility technology and signage upgrades (rescheduled due to new parking facility management contract pending City Council approval)

Budget & Finance Committee -4- May 4, 2012

Rescheduled Program Elements

The following items will begin one year later than originally scheduled:

• RFID can tracking system (technology being evaluated as part of Express Park) e New Meter Technology RFP (technology being evaluated as part of Express Park). • Central parking facility communication center (rescheduled due to new parking

facility management contract pending City Council approval) • Filtration system to mitigate water run-off (rescheduled due to new parking facility

management contract pending City Council approval)

Updated/Revised FY 2013 Program Elements

The following program elements are updated consistent with the proposed 2012-2013 budget:

• Increased the number of electronic lock upgrades from 3,000 to 7,500 due to reduced funding for this purpose from the Express Park grant.

• Reduced the number of housing replacements from 5,000 per year for 2 years to 3,000 per year for 3 years for workload balancing.

• Reduced the number of meter upgrades from 4,000 to 2,500 based on actual progress.

• Eliminated new meter enforcement technology upgrades in FY 2013 as this technology is being evaluated in Express Park. ·

• Removed scenario for Parking Garage P3. • Removed Parking Permits Division, since this division is now in a separate special

fund instead of SPRF as was assumed. • Combined plan elements from both remaining programs in Attachment A • Additional staff positions deferred to FY 2014.

New Program Elements

The following program elements are added consistent with the proposed 2012-2013 budget:

• 500 Commercial Loading Zone meters per year • 300 new meters per year in existing zones to support new development/requests • Conversion of up to 12 free lots to metered lots over 3 years • Structural evaluation (seismic worthiness) of parking garages • En,ergy-efficient lighting upgrades for parking garages • Computer equipment upgrades on a 3-year cycle for staff • Comprehensive RFP for coin collections, counting, and deposit

Budget & Finance Committee - 5- May4, 2012

BACKGROUND

Special Parking Revenue Fund

The Special Parking Revenue Fund (SPRF) is the depository account of all revenue collected from parking meters and city-owned parking facilities that are administered by LADOT. In November 2010, Ordinance No. 181337 amended Subsection 7 of Section 5.117 of the Los Angeles Administrative Code to require the approval of a 5-Year Operations and Maintenance Plan ("5-Year Plan") to be proposed and updated at least annually by LADOT. The objective of the plan is to establish the requisite funding for "the necessary maintenance, upgrades, technology, and repairs of parking structures, meters, and related assets." The amended Subsection 7 requires that funding be provided for the 5-Year Plan and a new SPRF contingency account prior to the City Council determining that any residual money be declared surplus funds.

The 5-Year Plan, first approved by the City Council in April2011 (Council File 10-0596), looks ahead to establish a responsible spending plan for the SPRF over the following five budget years. This plan is separate from LADOT's parking technology initiatives over the past five years to implement world-class parking technology throughout the city.

Revenue History

SPRF revenue has seen a dramatic increase over the last five fiscal years, primarily due to the implementation of operational and policy changes for metered parking. Since 2008, staff has updated parking rates and hours, overhauled lots and garages, and deployed state-of-the-art technology across the city, growing revenue from $37 to $64 million annually.

The table below summarizes all SPRF revenue from parking meters and facilities over the last five fiscal years, showing a total75% growth over this period.

Budget & Finance Committee - 6 - May 4, 2012

Innovation & Technology Investment

Invoking innovation during difficult times, the department has utilized an award-winning public-private partnership to upgrade half of the old parking meters without any up-front cost to the city, using the incremental revenue increase to fund the new equipment. New wireless technology in the field and in the hands of city workers now allows technicians to respond to problems as they occur, resulting in reliable service with over 99% up-time.

Customers are increasingly choosing to pay for parking with credit card payments, which now account for over 40% of meter revenue, and the department's 40,000 parking meters are now processing over a million credit card transactions a month. In addition, the City of Los Angeles now boasts the most solar powered parking meters in the world, eliminating the disposal of thousands of batteries each year. In high-demand areas, wireless parking sensors in the street are now helping customers to find open spaces, enforcement officers to locate violations, and operations staff to understand parking demand patterns. Soon, this technology will be implemented throughout downtown Los Angeles to fight congestion and pollution through demand-based pricing in a federally-funded project called LA Express Park™.

In addition to improvements in metered parking, over the past year LADOT has made significant advances in off-street parking that have contributed to revenue enhancements. A state-of-the-art Parking Access and Revenue Control System (PARCS) was installed at the Hollywood & Highland Parking Garage and was operational in conjunction with the Cirque du Solei!, which officially opened in September 2011 at the Kodak Theater.

The department has also been managing the construction of two new parking structures - Aiso St. Parking Garage and the Vine St. Parking Garage. The Aiso St. Parking Garage in Little Tokyo was completed in November 2011 and opened to the public on December 12, 2012. Pay-on-foot equipment is slated to be operational by the spring of 2012. The Vine St. Garage in Hollywood is expected to be completed in the summer of 2012.

Budget & Finance Committee -7- May 4, 2012

Overall Strategy

The 5-Year Plan covers two major parking programs: metered parking and parking facilities. To best manage these programs over the next five years, LADOT developed the plan incorporating guiding objectives and concepts detailed in the adopted plan report (C.F. 10-0596). The following highlight the major components contained in the 5-Year Plan for each parking program. A complete list of the updated program elements is presented in Attachment A.

Metered Parking

e Complete technology upgrades for all metered spaces o Upgrade remaining lots to Park & Pay Stations or Card & Coin meters. o Purchase new Card & Coin meters where lease model is not supported. o Remove meters where no longer needed due to changes in land use.

• Strengthen security and accountability through housing upgrades and electronic locks for all equipment

• Conduct parking studies and expand metered parking to new areas. • Implement "guided" enforcement technology to improve compliance and

enforcement efficiency. • Support and expand the LA Express Park Program to implement demand-based

pricing and parking guidance in additional high-demand areas. • Incorporate recent and upcoming experience into a new RFP and implement a

7 -year rolling meter upgrade cycle.

Parking Facilities

• New automated technology to reduce operational costs at all operated facilities o Revenue control equipment with credit card payment option o Remote monitoring to improve accountability and efficiency o Real-time parking availability reporting and signage

• Develop and install standardized signage and wayfinding signs. • Convert free parking spaces to paid metered parking where appropriate. • Conduct market rate studies to ensure competitive and coordinated pricing. • Comprehensive RFP for on-site parking facility management including capital

equipment, operations, maintenance, landscaping, and advertising. • Improved marketing strategies to increase utilization.

Budget & Finance Committee - 8- May 4, 2012

New Initiatives

Historically, SPRF was viewed as a revenue source to increase parking capacity in the city by building and operating new parking structures and Jots. However, there may be different ways to support business districts and manage congestion. The adopted 5-Year Plan (C. F. 1 0-0596) described "smart funding alternatives" for SPRF falling into the following categories:

• Providing access to existing parking not currently available to the public • Improving parking availability through demand-based pricing and parking guidance • Reducing parking demand by supporting alternate travel modes • Attracting customers and spurring economic development through business district

and local transportation enhancements, in conjunction with the above strategies

As building or acquiring new off-street parking is expensive and requires increased city resources to manage and maintain, LADOT continues to recommend that "smart" alternatives should be explored.

Attachments

Budget & Finance Committee A-1 May 4, 2012

ATTACHMENT A- SPRF 5-Year Plan Program Details

e Technology • Meter Operations

• New Parking Meters • Complete upgrade of remaining 2,500 old coin-only meters (FY13) • Meter 500 new spaces per year in new areas • Meter 300 additional spaces per year in existing metered areas • Convert 500 Commercial Loading.Zones (CLZs) per year to metered parking • Identify and convert up to 12 free lots to paid metered lots (FY13 to FY15)

• Develop master plan for single- versus multi-space meter deployment strategy • Issue New Citywide Meter Technology RFP

• Based on Express Park testing and experience, issue Citywide RFP (FY15) • Upgrade 6,000 metered spaces per year (7-year rolling schedule) (from FY16)

• Meter Maintenance Work Flow Management • Equip all maintenance vehicles with in-vehicle computers and wireless

communication (FY13) • Develop central geographic-based work-flow management system (FY13)

• Meter Security • Upgrade 3,000 meters to high-security housings per year (FY13 to FY15) • Complete conversion to electronic locks for remaining 7,500 meters (FY13) " Implement vehicle-based key programming with real-time authorization and

monitoring system (FY13) • Implement RFID-based collection can & canister tracking system (FY14)

• LA Express Park Programs • Operate in Downtown with federal grant (FY13); on-going costs (from FY14) • Expand 1000 spaces per year in other areas (from FY14) • Project Components: sensors, dynamic message signs, pricing engine • Central Management System (developed for Downtown) (from FY13)

• Meter Enforcement Technology • In addition to Express Park expansion, install additional 1 ,000 sensors per year

in high-demand enforcement areas (from FY14) • Provide "guided" mobile enforcement system to communicate potential

violations and track enforcement actions in real-time • Equip 25 enforcement vehicles per year with in-vehicle computers and wireless

communication (from FY14) • Parking Facilities

• Parking Access and Revenue Control System (PARCS) • Upgrade or install state-of-the-art PARCS in all structures (FY13 to FY14) • Upgrade or install Automated Pay-on-Foot system to replace Cashiered, Pay­

at-Exit system in all parking structures (FY13 to FY14) • Implement electronic validation scanners in parking structure where there is a

validation program (FY13 to FY14) • Implement a central a communication center to manage and oversee off-street

parking facilities. (FY14, Upgrades FY15 to FY17) • Upgrade staff computer equipment and printers on 3-year replacement cycle

Budget & Finance Committee A-2 May4, 2012

ATTACHMENT A- SPRF 5-Year Plan Program Details

• Management, Operations and Maintenance · • Meter Operations

• Conduct regul?r parking occupancy studies of existing Parking Meter Zones to ensure rates remain effective and to support implementing "peak period" rates where appropriate to encourage turnover and maintain access.

• Meter Security • Conduct RFP for comprehensive collection, counting, and deposit of all cash

revenue from parking meters and pay stations (FY13) • Optimize collection scheduling and routes and develop high-demand "priority"

areas within sub-zones (FY13 to FY14) • Parking Facilities

• Contract the management and operation of all "operated" parking facilities, including the repairs and maintenance of the parking facilities.

• Execute contract with Mayor & City Council approval (FY13) • Contract the landscaping, cleaning, and upkeep of all metered and free lots. • Maintain and implement a "refurbishment" cyclical schedule. • Install filtration system to mitigate water run-off (FY13 to FY15) • Contract for structural evaluation of all parking garages (FY13) • Upgrade to more efficient lighting, reducing energy costs (FY13 to FY14) • Pay-on-Foot signage

• Commission a graphics consultant to design a logo exclusively to be installed in parking structures with Automated Pay-on-Foot system (FY13)

• Install or replace all Pay-on-Foot signage (FY13 to FY14) • Wayfinding signage

• Commission a graphics consultant to design wayfinding signage for all off­street parking facilities (FY13)

• Replace, upgrade, and install wayfinding signage (from FY13)

• Staffing • Bureau of Parking Operations & Facilities

• Fill and maintain all positions • Fill one Principal Transportation Engineer restored in FY12 budget (FY13)

• Meter Operations • Add one PMT position per year to gradually correct maintenance ratios and to

account for expansion (from FY14) • Restore one Management Analyst position and one Clerk Typist position deleted

in FY10 budget for contract and records management (FY14) • Add one TE Aide for Meter Planning (FY14) • Add one Systems Analyst to support central management systems (FY14)

• Meter Security • Add one Management Analyst II position for contract management to restore

FY1 0 staffing levels prior to ERIP (FY14) • Parking Facilities

• Fill one Management Analyst II vacancy (FY13) • Add one Civil Engineering Drafting Tech (FY14)

ATTACHMENT B

SPECIAL PARKING REVENUE FUND 5-YEAR OPERATIONS & MAINTENANCE PLAN

1 BEGINNING FUND BALANCE 34,111 28,186 I 26,036 10,981 24,740 38,660 53,641 2 3 4 5 Operating Revenue 6 Revenue Grovvth Rate 2.0% 2.0% 2.0% 2.0% 7 Receipts- Parking Meters 40,799 47,020 48,666 49,639 50,632 51,645 52,678 253,260 8 Receipts -Parking Facilities 5,365 5,482 5,797 5,913 6,031 6,152 6,275 30,167 9 Receipts- Hollywood/Highland 8,450 11,346 12,254 12,499 12,749 13,004 13,264 63,769 10 Miscell~meous 38 11 12 13 14 Non .. Qperating Revenue 15 Interest 805 468 338 345 352 359 366 1,759 16 Transfer from Other Funds 120 17 Subtotal N6n·Operating Revenue 805 588 338 345 352 359 366 1,759 18 19 TOTAL REVENUE 56,167 64,971 67,655 69,008 70,388 71,795 73,231 352,076 20 21 TOTAL FUNDS AVAILABLE 90,278 93,157 93,691 79,989 95,128 110,455 126,872 22

8-1

ATTACHMENT B

SPECIAL PARKING REVENUE FUND 5-YEAR OPERATIONS & MAINTENANCE PLAN

line Figures in $000 Fiscal Year 2011 2012 2013 2014 2015 2016 2017 5-Yr. Total

Actual

23 24 25 Operating & Maintenance Expenses 26 Expense Growth Rate 3.0% 3.0% 3.0% 3.0% 27 Collection Services 1,471 1,837 1,900 1,957 2,016 2,076 2,138 10,087 28 Contractual Services 11,192 18,147 18,888 19.454 20,038 20,639 21,258 100,278 29 Replacement, Parts, Tools & Equipment 318 815 800 824 849 874 900 4,247 30 Parking Facilities Lease Payments 390 390 400 370 370 370 371 1,881 31 Maint, Repair & Utility Services - Off Street 969 1,366 1,830 1,873 1,917 1,962 2,009 9,592 32 T rainingrr ravel 12 14 15 18 22 22 22 99 33 Miscell~neous Equipment & Office Supplies 9 13 95 64 99 64 64 386 34 Library Trust Fund 83 150 35 Parking Meter, Off-Street & Permit Admin Salaries 4,399 4,9891 4,395 5,634 5,860 6,094 6,338 28,320 36 Transportation (Source of Funds) 4.0% 417 561 583 607 631 2,799 37 38 39 40 Memo: Net Operating Revenue Before DIS 33,729 32,6141 35,486 33,816 34,020 34,288 34,509 172,119 41 42 Debt Service (D/S) 43 Revenue Bonds (Series 1999-A) 5.125 5,3951 5,397 5,400 5,390 5,390 5,390 26,967 44 Revenue Bonds (Series 2003-A) 3,210 3,208 3,208 3,210 3,210 3,210 3,210 16,048 45 Bond Administration 4 7 10 20 20 20 20 90 46 Caeital Finance Administration Fund (MICLA) 339 47 Subtotal Debt Service 8,678 9, 48

B-2

ATTACHMENT B

SPECIAL PARKING REVENUE FUND 5-YEAR OPERATIONS & MAINTENANCE PLAN

Une 5-Yr. Total

49 Capital Expenditures 50 CIEP (re-appropriated)

8,8091 1,000 1,000 1,000 3,000

51 Capital Equipment Purchase 1,394 7,148 7,111 7,106 7,256 7.256 35,877 52 Projects to be g 53 Subtotal Capital Expenditures 54 55 Contingency (Per Ordinance) 5.0% I 1,760 1,818 1,875 1,936 7,389 56 57 Other 3,500 58 59 TOTAL EXPENDITURES 36,010 50,612 50,133 55,249 56,468 56,814 58,090 276,754 60 61 MEMO: NET REVENUE 20,157 14,359 17,522 13,759 13,920 14,980 15,141 62 63 64 65 Expenditure from Prior FY Appropriation 66 Funds Transferred to Reserve Fund 67 Subtotal Adjustments 126.0821 116.50911 132.5771 0 0 0 0

68 69 ENDING FUND BALANCE 28,186 26,036J 10,981 24,740 38,660 53,641 68,781 70 71 Notes 72 Figures may not total due to rounding 73 FY 2013 Ending Fund Balance represents Prior Year's Unexpended Appropriations per Schedule 11

B-3