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Commissioner Worley - Finance - To Establish a Budget for the Courthouse Parking Fund for Fiscal Year 2023 ($38,400)
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STAFF CONTACT
Tiffany Murray - Finance Department - 704-866-3032
BUDGET IMPACT
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Increase revenue and expense in the Courthouse Parking Fund by $38,400.
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BUDGET ORDINANCE IMPACT
Establishes a budget for the Courthouse Parking Fund that is not currently budgeted. Transfers funds to the General Fund for the reimbursement of the Parking Attendant's salary.
BACKGROUND
On May 24, 2022, the Board voted unanimously to eliminate paid parking at the Gaston County Courthouse (Res #2022-146). On June 28, 2022, the Board voted to assign reserved parking spaces at the Gaston County Courthouse which included 32 permitted spaces to be purchased by Courthouse staff. Per the approved Resolution (2022-199), the revenue received from the permitted parking fees was to be used to cover the salary of the Parking Attendant. Cost of one (1) permitted space would be $100 per month or $1,200 annually generating up to a total of $38,400 annually in revenues. Resolution 2022-199 was not passed in time for the permitted revenues to be included in the FY 2023 adopted budget. This Board Action and attached Budget Change Request appropriates the estimated $38,400 in permitted space revenues and sets up a transfer to the General Fund for the reimbursement of the Parking Attendant's salary. The transfer will be posted at the end of FY23 and will equal the amount of actual permitted fees received up to a maximum of $38,400. Going forward the permit fees and transfer will be budgeted annually with the transfer to equal actual fee revenue up to the maximum cost of all 32 parking spaces.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)