Financial report shows April's parking revenue reaches over $188K in fees

The Borough of West Chester, PA, held a meeting on May 13, 2025, to discuss various aspects of parking management and revenue. The meeting focused on financial updates related to parking tickets, meters, and garage revenues.

During the meeting, it was reported that for the month of April, the borough collected a total of $125.03 in parking tickets. Additionally, parking meters generated significant revenue, amounting to $188,431. The revenue from the parking garage was noted to be $106,080.09. However, there was a need to confirm the net revenue, which was reported at $97,001.21.

The discussion also highlighted improvements in financial management, including the direct handling of flash payments, which are now deposited directly into the borough's bank account. The borough is currently managing the ordering of supplies and invoices related to the parking garages. Monthly parking fees are processed through Colonial, which deducts a management fee before transferring the remaining funds to the borough.

The meeting concluded with an assurance from the financial manager that the parking revenue management is progressing well, although there are ongoing efforts to streamline invoicing and ACH transfers. No questions were raised by the attendees, indicating a consensus on the current status of parking revenue management.

Overall, the meeting underscored the borough's commitment to effective financial oversight and management of parking resources, with plans for continued improvements in the coming months.