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Authority posts $277,000 June fund balance as meter revenue and construction violations rise; YMCA lot, pay-station questions remain
Summary
The North Parking Authority reported a $277,000 fund increase for June driven by meter revenue, violation collections and other revenue. Commissioners discussed unbudgeted revenue from the YMCA-area lot, construction-area violations, plans to order meters for West Avenue and possible pay-station or mobile-payment options.
Parking Authority finance staff reported the authority finished June with a $277,000 increase in fund balance, driven by monthly meter revenue, higher parking-violation collections and other revenue lines, including advertising and investment income. "For the month of June, we ... finished strong on the revenue side and are also favorably under budget on the expense side resulting in, 277,000, fund balance for the month," the finance presenter said. Commissioners asked where revenue from the lot next to the former YMCA is recorded. Staff replied it is reported under the monthly revenue section…
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