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Print Version (PDF format)
SECTION N -- ENTERPRISE, SPECIAL REVENUE and INTERNAL SERVICES FUNDS
BALLSTON PUBLIC PARKING GARAGE
BALLSTON PUBLIC PARKING GARAGE
OPERATING STATEMENT
FY 2006 PROPOSED
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FY 2004 |
FY 2005 |
FY 2005 |
FY 2006 |
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ACTUAL |
ADOPTED |
RESTIMATED |
PROPOSED |
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| ADJUSTED BALANCE, JULY 1 |
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Debt Service Reserve Fund |
$3,345,000
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$3,345,000
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$3,345,000 |
$3,345,000 |
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Operating & Maint.
Reserve |
2,000,000
|
2,000,000
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2,000,000 |
2,000,000 |
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Construction Reserve |
5,452,673
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4,167,824
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6,605,154 |
2,740,430 |
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TOTAL BALANCE |
10,797,673 |
9,512,824 |
11,950,154 |
8,085,430 |
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| REVENUE |
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Interest |
59,388
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200,000
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100,000
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100,000
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Parking Revenue |
4,021,351 |
3,375,567
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3,375,567
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3,517,140
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TOTAL REVENUE |
4,080,739 |
3,575,567 |
3,475,567 |
3,617,140 |
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TOTAL REVENUE &
BALANCE |
14,878,412 |
13,088,391 |
15,425,721 |
11,702,570 |
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| EXPENSES |
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Garage Operations |
1,951,384 |
2,455,974 |
2,703,670 |
2,629,588 |
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Capital Replacement |
186,752 |
1,709,000
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3,736,621 |
2,124,000 |
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Debt Repayment and Debt
Service |
790,122 |
865,000
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900,000
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1,103,700
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TOTAL
EXPENSES |
2,928,258 |
5,029,974 |
7,340,291 |
5,857,288 |
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| BALANCE, JUNE 30 |
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Debt Service Reserve Fund* |
3,345,000
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3,345,000
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3,345,000
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3,345,000
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Operating & Maint.
Reserve |
2,000,000
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2,000,000
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2,000,000
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2,000,000
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Construction Reserve |
6,605,154 |
2,713,417 |
2,740,430 |
500,282 |
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TOTAL BALANCE |
$11,950,154 |
$8,058,417 |
$8,085,430 |
$5,845,282 |
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| * |
The Debt Service Reserve Fund is a usual and customary
revenue bond requirement in order to
provide additional assurance to bond holders. |
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