FY 2010-11 Adopted Budget - Volusia County Government

Parking Garage Fund - 475Parking Garage Fund - 475Summary: Full ownership, management and operational responsibilities for the parking facility transferred fromVolusia Redevelopment Parking Corporation to Volusia County in FY 2007-08. The major revenue sourcesfor the Parking Garage fund are daily and special event parking receipts. The FY 2010-11 budget includesprincipal, interest and bond reissuance to fulfill debt obligations. The Parking Garage is expected to playan integral role in the development of the Main Street Entertainment District and providingcomplementary patron parking for the functioning expanded Ocean Center during the coming year.AdoptedFY2009-10BudgetFY2010-11RevenuesCurrent RevenuesCharges for Services $ 2,131,000 $ 2,280,240Miscellaneous Revenues 12,200 12,180Subtotal Current Revenues $ 2,143,200 $ 2,292,420Non-Current RevenuesAppropriated Fund Balance 186,233 0Subtotal Non-current Revenues $ 186,233 $ 0Total Revenues $ 2,329,433 $ 2,292,420Total Operating Revenues $ 2,329,433 $ 2,292,420ExpendituresPersonal Services $ 138,016 $ 107,866Operating Expenses 1,183,165 1,143,742Capital Outlay 0 9,000Debt Service 962,107 963,487Reserves 46,145 68,325Total Expenditures $ 2,329,433 $ 2,292,420Total Operating Expenditures $ 2,329,433 $ 2,292,420Net Revenues Less Expenditures $ 0 $ 0Volusia County Section E - 148