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January revenue topped budget as several facilities overperformed, authority says
Summary
Staff reported January operating results: revenues exceeded budget by 3% and expenses were 12% under budget, producing a positive fund balance versus a budgeted loss; increased activity and mobile payments were noted in West Avenue and the SoNo area.
Norwalk Parking Authority staff reported at the February meeting that January revenue exceeded budget by about 3% while expenses were roughly 12% under budget, producing a roughly $54,000 positive change in fund balance compared with a budgeted $31,000 loss for the month.
The transient-parking increase was led by South Norwalk and East Norwalk train-station facilities, staff said, while Maritime Garage, Haviland and North…
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