HomeMy WebLinkAbout2005 Revenues and ExpendituresMEMORANDUM
TO: UHGID Advisory Committee
Molly Winter- Ezawhve Direclor
FROM: Donna Jobert, Financial Mg
SUBJECT: 2005 Revenues and Expenditures
DATE: February 16, 2006
' Shown below is a summary of ihe 2005 revenues and expenditures. The 2005 budge~ and 2004
acWals are shovm forcomparatrve purposes.
' Revenues wera 102 % ot budget and are up $20,414 when comparetl with last year.
' Overall, meter revenues for sireet and lot meters were on budget for the year.
They were $390 (1 % decline) less than 2004
" There was an mcrease in permn fees, in patl due to collecting ihe 10% increase for 2006 in Dec.
' Property iax revenue and mterest are slightly higher than Ihis same lime period last year.
" Misc revenue lor 2005 is restitution for Hill damage, and parking fees lor (ilming ~he movie.
'$13,240 was Iransferred in 2005 for excass metar revenue collected in 2004.
There will be a iransfer of $3,886 in 2006 for excess meter ravenue collected in 2005.
" ExpendiNres for 2005 equal 95%oi butlgeted expanses and are $33,6321ower than last year's.
SgmOcant vanances include: ihe 2004 Hill Business plaq cost allocation
and a vacant maintenance position for a tew months at the beginning of 2005.
' Cw[ allocation (amount UHGID pays ihe City GF for services) mse fmm 19,212 in 2004 to 38,720 in 2005
This was due to allocations set by the ci~y for Items such as IT, HR, Finance, CAO, etc
' The Uni HAI 2k revanue was ofiset by ihe expense end unlike 2004, we closed out ihe balance.
' The 2005 butlget planned for ezcess revenue of $15,652 The end result for 2005 produced
excess revenue of $41,728.
UHGID Revenues and Expenditures - Jan-Dec 200:
Jan-Dec 2005 Jen-Dec 2004
Revenue 2005 % Revenues 2005-2004
Revenues Collected Butlget Collectetl Collected Ditterence
Taxes $26,696 $2fi,017 102 63% $26,505 $191
Street Meters $175,000 $175,000 100. 00% $165,000 $10,000
14~h SlreelLOt $48,163 $54,367 88. 59% $50,OD0 ($1,037)
PennsylvaniaLol $57,681 $57,750 99 88% $60,070 ($2,389)
Pleasant Lo~ (permi~s) $33,346 $30,016 117. 09Yo $29,032 $4.314
PleasantLot(metere) $12,671 $14,275 88 76% $14,062 ($1,391)
Tokens $371 $250 148 40% $237 $134
Me~ethoods $6,820 $3,750 181. 87% $6,904 ($84)
Uni Hill 2K $0 $0 #DIV/0~ $7,225 ($7,225)
Operating Transfers $13,240 $13,240 - $0 $13,240
Miscellaneous revenues $862 $0 - $0 $862
In~eres~ $17,948 $10,955 163 63% $13,349 $4,599
TOTAL _____"
$392,796 """'_'"____
$385,614 '_""...
101 _'._.
.B6q _'_'___'
$372.389 _""'_'__'_....
$20,414
Jan-Dec 2005 2005 k Jan-Dec 2004 2005-2009
Expentlitures Activity Budget E[pentletl ActiviTy Oiiference
-Parking Services Personnel $90,603 $110,797 81 77% $104,702 ($14,099)
Parking Services Nompereonnel $79,457 $77,397 102. 66 % $83,209 ($3,752)
DUHMDPersonnel $69,113 $73,600 93 .90h $66,982 $131
DUHMDNOn-personnel $40,169 $28,344 141 72% $32,878 $7,291
Cos~ Alloca~ioNBenefi~ Wnd $38,720 $38,720 100. 00 % $19,212 $19,508
EconomicVrtaliry-Marketing $17,672 $24,326 72 .65/ $22,166 ($4,494)
EconomicVita6ty-BUSPian/ParkingSWdy $5,742 $7,142 80 .39°h $37,328 ($31,586)
Eco-PassProgram $594 $636 93 .40% $0 $594
Uni Htll 2k $0 $0 NDIV/0~ $7,225 ($7,225)
Capital Replacemen~ Reserve $9,00~ $9,000 100 .00% $9,000 $0
Encumbered Funds
TOTAL ___._.___________ _
$351,070 ____'______
$369,962 '_______
99 ___. _
.89% _____._____.______
$384,702 .___.___.______
($33,632)