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DEPARTMENT OF PUBLIC WORKS
BALLSTON PUBLIC PARKING GARAGE
PROGRAM MISSION: The
Ballston Public Parking Garage provides safe off-street parking at competitive
rates for visitors to retail establishments, Metrorail commuters, and office
workers in the Ballston area.
The Ballston Public Parking Garage (the Garage) is located
on North Glebe Road and Randolph Street and adjacent to the Ballston Common
Mall. It operates seven days per week
24-hours a day in order to maximize the convenience to the public. The acquisition and expansion of the former
Parkington Shopping Center Garage was financed through the sale of variable
rate revenue bonds. The garage bonds
were sold in September of 1984 in the amount of $22,300,000. The Garage is a County-owned facility,
operated as an enterprise fund (its operations are fully financed through user
charges in the form of parking receipts and other revenues). The Garage is managed and operated by a
private parking management firm.
Revenues generated by the Garage are used to pay operating, maintenance,
debt service and capital repair expenses.
It continues to be a catalyst for economic development in the Ballston
area, contributing to the associated growth in the Ballston area's real
property tax base.
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BALLSTON
GARAGE FINANCIAL SUMMARY
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FY 2002
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FY 2003
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FY 2004
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% Change:
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Actual
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Adopted
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Proposed
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'03 to '04
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Personnel
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-
|
-
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-
|
-
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Non-Personnel
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$1,453,122
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$1,634,647
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$1,672,918
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2%
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Capital Construction
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74,472
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450,000
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2,098,500
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366%
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Property Taxes
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254,016
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269,780
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275,780
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2%
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Debt Service
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905,373
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1,773,500
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1,042,708
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-41%
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Total Expenditures
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2,686,983
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4,127,927
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5,089,906
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23%
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|
|
|
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Total Revenues
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4,407,342
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4,332,882
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4,534,489
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5%
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Change in Reserves
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$1,720,359
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$204,955
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($555,417)
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371%
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SIGNIFICANT BUDGET CHANGES:
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Non-personnel costs increase as a result of higher
repairs, contract and consulting services and insurance premiums.
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Capital construction increases based on recommendations
of a study completed in FY 2003. Items
included in this budget are asphalt and structural repairs ($662,500), painting
($408,000), interior signage ($253,000) and replacement lighting ($375,000).
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Revenue is estimated to increase due to higher
usage.
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Debt service has been adjusted to reflect lower
interest and principal payments.
FUTURE BUDGET CONSIDERATIONS:
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If expansion agreements are made for the 8th
level, many unbudgeted improvements will be needed to accommodate changing
operations.
PERFORMANCE MEASURES:
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FY
2001
Actual
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FY
2002
Actual
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FY 2003
Estimate
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FY
2004
Estimate
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FY
2004
Target
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Mission Outcome Measures
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Average number of damage claims per year
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N/A
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N/A
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N/A
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10
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10
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Average cars per day
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3,623
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4,147
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4,147
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4,147
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4,147
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Average number of monthly permits
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1,182
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1,500
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1,550
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1,500
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1,400
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Average numbers of early bird parkers per month
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14,283
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14,555
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14,750
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15,000
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14,000
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Average number of hourly parkers per month
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95,889
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112,864
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115,000
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120,000
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120,000
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NOTE: Damage Claims outcome measure identified
above is a new requirement and no historical information is available. The collection of data for this performance
measure will commence in FY 2004.
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The target for FY 2004 is to reduce the number of early
bird parkers and permit parkers to make space for hourly parkers visiting shops
and services in the mall.
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