LTC 266-2004 Anchor/16th Street Parking Garage Annual Report
CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. 266-2004
m
To:
From:
Mayor David Dermer and
Members of the City Commission
Jorge M. GonzalezJ',r, ~.
City Manager ..-0
ANCHOR/16TH ST ; ET PARKING GARAGE ANNUAL REPORT
Date: October 11, 2004
Subject:
As you know, the City's Parking Department commenced the management and
operation of the Anchor Garage on June 9, 2003. I have included an annualized
profiUloss statement for the Anchor Garage whereby comparisons of projected vs.
actual revenue/expenses and prior year actual vs. current year actual
revenues/expenses may be evaluated.
The Parking Department's proposed budget for FY 03/04 was fairly accurate when
compared to actuals. Projected revenue was only 0.76% lower than actual and
projected expenses were in the RDA's favor as it was overstated by 15.47%. In
summary, the Anchor Garage revenues increased by 8.81 % while expenses decreased
by 17.65% for an increase in net revenues of 25.36% over the prior year.
The City's Parking Department has efficiently managed and operated the Anchor
Garage over the past year and should continue to do so. If you should have any further
questions, comments, or concerns, please contact Christina M. Cuervo, Assistant City
Manager at extension 6586 or Saul Frances, Parking Director at extension 6483 or me
at extension 6637.
Electronic Copy: Management Team
Attachment
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CITY OF MIAMI BEACH
PARKING DEPARTMENT
PROFIT & LOSS STATEMENT
16th Street - Anchor Garage
July 2003 - June 2004
Quik Park 2003-2004
Accounting Projected Actual CMB Actual Actual Actual Revenue!
Location Code July 2003 - July 2002 - July 2003 . Over (Under) Percent Expense Per
June 2004 June 2003 June 2004 2002-2003 Over (Under) Space
Actual
16th Street - Anchor Garage
Revenue
Ticket 463-8000-344911 1,047,500.87 975.366.73 1,118.162.73 142.796.00
Valet. Loew's 463-8000-344587 265.008.04 224.913.33 262.543.44 37,630.11
Valet - Royal Palm 463-8000-344587 85,561.79 9,401.65 1.717.30 (7,684.35)
Monthly Permits 463-8000-344903 320.150.97 357.348.81 322.694.66 (34,653.95)
Revenue 1.718,221.68 1,567.030.52 1,705.118.33 138,067.81 8.81'1. $2,123.44
(Sales Tax Excluded)
Expenses
Payroll & Related Expenses 0.00 240.077.84 0.00 (240.077.84)
Tickets 5.000.03 4,286.79 0.00 (4.288.79)
Signage 999.97 0.00 0.00 0.00
Telephone 1.980.00 2,116.73 0.00 (2.116.73)
R&M 5,000.03 12,916.71 0.00 (12.916.71)
Contracts 0.00 14,409.46 0.00 (14,409.46)
Professional Services 0.00 44,402.94 0.00 (44.402.94)
Fire Extinguishers 1.500.00 0.00 0.00 0.00
Generator Maintenance 3.500.03 0.00 0.00 0.00
Licenses 400.00 207.50 0.00 (207.50)
Liability Insurance 0.00 22.512.00 0.00 (22.512.00)
Water 2.600.03 2,792.94 0.00 (2.792.94)
Sewer 3,999.97 11.951.60 0.00 (11.951.60)
Storm Water 4.599.97 4.155.01 0.00 (4.155.01)
Supplies 5.000.03 2.895.95 0.00 (2.895.95)
Management Fee 1.00 37.551.66 0.00 (37.551.66)
Security Personnel 178,650.96 136,689.62 163.187.67 26,498.05
Attendant/Cashier Labor 238.680.00 0.00 194,417.18 194,417.16
FP&L 45.600.00 49.052.54 45,600.00 (3,452.54)
Revenue Control Equipment Maintenance 9.300.00 0.00 9,500.00 9.500.00
Armed Guard Revenue Pickup 6.058.01 6.951.56 5,291.67 (1,659.89)
Elevator Maintenance 10.200.00 0.00 12.647.10 12,647.10
Landscape Maintenance 2.000.03 0.00 1.938.03 1,938.03
Garage Cleaning/Maintenance 56.368.00 0.00 58.476.00 58,476.00
Sanitation (Waste Removal) 2.100.00 9.871.34 2.094.61 (7.776.73)
Fire Alarm Service 1 800.00 0.00 3,276.30 3.276.30
Expenses 587,338.06 602,842.19 496,428.56 (106,413.63) .17.65% $618.22
Profit/ (Loss) 1,130.883.62 984,188.33 1,208,689.77 244,501.44 25.36% $1,505.22
Number of Spaces 603
Note:
Garage contract awarded effective June 9. 2003.
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