Board of Trustees Agenda 2020

ATTACHMENT A – Realignment of Parking and Police Funding

Table 1: Parking Income Statement (EXCLUDING future project costs and depreciation) FY20 FY21 FY22 FY23 FY24

FY25

Gross Revenue

$1,730,854 $1,803,511 $1,879,662 $1,959,480 $1,979.075 $1,998,865

Expenses

Capital Outlays 1

$180,300 $747,297 $120,121 $517,563 1,565,281 $165,573

$182,103 $745,353 $120,121 $412,672

$183,924 $767,714 $120,121 $424,099

$185,763 $790,746 $120,121 $435,859

$187,621 $814,468 $120,121 $568,083

$189,497 $838,902 $120,121 $580,539 1,608,938 $389,927

Police/Admin Salaries 2

Admin Fee

Other 3

Total Expenses

$1,460,249 $1,495,858 $1,532,488 $1,570,172

Net Income

$343,261

$383,804

$426,991

$408,903

FY20 Parking Fund Balance $1,263,771 1 Capital outlays include standard parking lot maintenance, snow removal, and the KITTCOM fee. 2 Including benefits. 3 This category includes equipment costs, travel, and goods and services.

Table 2: Police funding sources Funding Source Tuition-supported Funding

FY21 Salaries

Contracts

# Officers Funded

$985,547 $570,394 $158,399

$0

9.65 4.35

Parking Revenue Police Salaries (4.35) Police Support Staff from Parking Revenue 2

$91,435 1

Total

$1,714,340

$91,435

14

Total Police expenses from Parking Revenue $820,228 1 UPPS pays $91,435 annually to KITTCOM for dispatch services. This amount is current for 2019-2021. 2 This is based on FY20 salaries, benefits and current Kittcom contract.

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