Page 169 - Budget Book FY2020-2021

City of McAllen, Texas
Downtown Services Parking Fund
Working Capital Summary

Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21

BEGINNING FUND BALANCE $ 119,862 $ 30,480 $ 14,810 $ 32,735

Revenues:
Parking Meter Fees 675,465 700,000 489,938 650,000
Parking Fines 144,057 150,000 102,440 140,000
Transportation 14,371 15,000 14,366 15,000
Special Permit 33,650 15,000 10,500 15,000
Parking Garage Fee 331,253 330,000 204,852 310,000
Parking Garage Lease 39,363 39,000 38,479 39,000
Misc./Decal Parking Reg. Fees 4,390 3,300 74,460 3,300
B-cycle Membership 17,437 24,000 11,341 17,000
Interest Earned 1,964 - 2,191 327
Capital Lease - Motorola Radios 36,697 - - -

Total Revenues 1,298,647 1,276,300 948,567 1,189,627

Operating Transfer In
Metro McAllen Fund - 150,000 150,000 150,000

TOTAL RESOURCES $ 1,418,509 $ 1,456,780 $ 1,113,377 $ 1,372,363

APPROPRIATIONS
Operating Expenses:
Downtown Services $ 1,051,718 $ 1,192,443 $ 1,010,697 $ 1,135,134
Liability Insurance 4,526 4,256 4,256 4,256
Capital Outlay 36,697 - - 60,000

Total Operations 1,092,941 1,196,699 1,014,953 1,199,390
Other Financing Sources (Uses):
Transfer Out - General Fund 237,000 55,528 32,057 -
Transfer Out - Health Ins. Fund 65,550 28,757 28,757 11,342
Debt Service Motorola Lease Payment 8,208 4,875 4,875 4,875

TOTAL APPROPRIATIONS 1,403,699 1,285,859 1,080,642 1,215,607

Revenues over/(under) Expenditures (105,052) 140,441 17,925 124,020

ENDING FUND BALANCE $ 14,810 $ 170,920 $ 32,735 $ 156,756

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