Parking Services keeps rolling

September 16, 2011
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Here is a snapshot comparison of Parking Services' last two fiscal years. The biggest change was a 58 percent increase in non-operating expenses. The department had debt service in FY11 of $1.9 million, up by about $400,000 from FY10. Parking Services also had a $563,000 payment to the city for the Government Center ramp in FY11 that it didn't have in FY10.


Item

Operating Revenues
Operating Expenses
Operating Income

Non-operating
Revenues
Non-operating
Expenses
Net Income

 

Fiscal Year
2010
$9,786,444
$7,206,163
$2,580,281


$299,343

$1,594,616
$1,285,009

 

Fiscal Year
2011
$11,467,924
$8,373,414
$3,094,510


$302,824

$2,520,229
$877,106

 

Percent Change
FY10-FY11

+17.2%
+16.2%
+19.9%


+1.16%

+58.0%
-31.7%


Source: Grand Rapids Parking Services, September 2011

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