HomeMy WebLinkAboutOrdinance 6277F FAYCTr
9RKA NSP
113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Ordinance: 6277
File Number: 2019-0954
AMEND §34.08 PARKING REVENUE FUND:
AN ORDINANCE TO AMEND §34.08 PARKING REVENUE FUND TO CREATE A NEW
RESIDENTIAL DISTRICT PARKING FUND, TO APPROVE A LOAN IN THE AMOUNT OF
$20,000.00 FROM THE GENERAL FUND TO THE NEW RESIDENTIAL DISTRICT PARKING FUND,
AND TO APPROVE A BUDGET ADJUSTMENT
WHEREAS, in 2011, the City Council approved Ordinance 5455 establishing the City's Parking
Revenue Fund into which all parking revenues must be paid; and
WHEREAS, on October 19, 2019, the City Council approved Ordinance 6259 which established the
Wilson Park South Neighborhood Permit Parking district; and
WHEREAS, the City's Chief Financial Officer recommends establishing a separate Residential District
Parking Fund which will ensure that the funds collected within the neighborhood parking district are
used for the benefit of that district and are not commingled with general parking revenue that can be
used for other purposes; and
WHEREAS, because the Residential District Parking Fund has no current assets, staff requests that the City
Council approve a $20,000.00 loan from the General Fund to the new fund that will be repaid when
sufficient operational reserves are generated by the new fund.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby amends the title of §
Page 1 Printed on 1/22/20
File Number 2019-0954
Ordinance 6277
34.08 from "Parking Revenue Fund" to "Parking Revenue Fund and Residential District Parking
Fund."
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby repeals subsection
34.08(A) and enacts a replacement § 34.08(A) as follows:
"(A) There is hereby created a Parking Revenue Fund into which all non -Residential District parking
receipts collected by the city shall be deposited. Parking receipts shall include both voluntary
amounts paid in compliance with parking regulations, parking lease revenue, and fines levied for
violation of such parking regulations.
Section 3: That the City Council of the City of Fayetteville, Arkansas hereby amends § 34.08 by enacting
new subsections (C) and (D) as follows:
"(C) There is hereby created a Residential District Parking Fund into which all residential parking district
parking receipts collected by the city shall be deposited. Sub -funds shall be established for each
residential parking district. Parking receipts shall include both voluntary amounts paid in compliance
with parking regulations and fines levied for violation of such parking regulations.
(D) Expenditures of revenues from the Residential District Parking Fund shall be restricted to:
(1) Operation, maintenance, and improvement of existing parking facilities within the residential
parking district; and
(2) Acquisition, expansion, replacement, and improvement of parking facility equipment, including
vehicles if necessary, used for the residential parking district."
Section 4: That the City Council of the City of Fayetteville, Arkansas hereby authorizes a loan in the
amount of $20,000.00 from the General Fund to the Residential District Parking Fund to be repaid
when sufficient operational reserves are generated by the new fund as determined by the City's Chief
Financial Officer.
Section 5: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to the Chief Financial Officer's agenda memo.
PASSED and APPROVED on 1/21/2020
Page 2 Printed on 1122120
File Number.' 2019-0954
Ordinance 6277
Attest:
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Kara Paxton, City Clerk Treas FAYFTjFV ,50 _
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Page 3 Printed on 1122120
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Text File
File Number: 2019-0954
Agenda Date: 1/21/2020 Version: 1 Status: Passed
In Control: City Council Meeting r File Type: Ordinance
Agenda Number: C. 4
AMEND §34.08 PARKING REVENUE FUND:
AN ORDINANCE TO AMEND §34.08 PARKING REVENUE FUND TO CREATE A NEW
RESIDENTIAL DISTRICT PARKING FUND, TO APPROVE A LOAN IN THE AMOUNT OF
$20,000.00 FROM THE GENERAL FUND TO THE NEW RESIDENTIAL DISTRICT PARKING
FUND, AND TO APPROVE A BUDGET ADJUSTMENT
WHEREAS, in 2011, the City Council approved Ordinance 5455 establishing the City's Parking Revenue
Fund into which all parking revenues must be paid; and
WHEREAS, on October 19, 2019, the City Council approved Ordinance 6259 which established the Wilson
Park South Neighborhood Permit Parking district; and
WHEREAS, the City's Chief Financial Officer recommends establishing a separate Residential District Parking
Fund which will ensure that the funds collected within the neighborhood parking district are used for the benefit
of that district and are not commingled with general parking revenue that can be used for other purposes; and
WHEREAS, because the Residential District Parking Fund has no current assets, staff requests that the City
Council approve a $20,000.00 loan from the General Fund to the new fund that will be repaid when sufficient
operational reserves are generated by the new fund.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby amends the title of § 34.08 from
"Parking Revenue Fund" to "Parking Revenue Fund and Residential District Parking Fund."
Section 2: That the City Council of the City of Fayetteville, Arkansas hereby repeals subsection 34.08(A) and
enacts a replacement § 34.08(A) as follows:
"(A) There is hereby created a Parking Revenue Fund into which all non -Residential District parking receipts
collected by the city shall be deposited. Parking receipts shall include both voluntary amounts paid in
compliance with parking regulations, parking lease revenue, and fines levied for violation of such parking
City of Fayetteville, Arkansas Page 1 Printed on 1/22/2020
File Number.' 2019-0954
regulations.
Section 3: That the City Council of the City of Fayetteville, Arkansas hereby amends § 34.08 by enacting new
subsections (C) and (D) as follows:
"(C) There is hereby created a Residential District Parking Fund into which all residential parking district
parking receipts collected by the city shall be deposited. Sub -funds shall be established for each residential
parking district. Parking receipts shall include both voluntary amounts paid in compliance with parking
regulations and fines levied for violation of such parking regulations.
(D) Expenditures of revenues from the Residential District Parking Fund shall be restricted to:
(1) Operation, maintenance, and improvement of existing parking facilities within the residential parking
district; and
(2) Acquisition, expansion, replacement, and improvement of parking facility equipment, including
vehicles if necessary, used for the residential parking district."
Section 4: That the City Council of the City of Fayetteville, Arkansas hereby authorizes a loan in the amount of
$20,000.00 from the General Fund to the Residential District Parking Fund to be repaid when sufficient
operational reserves are generated by the new fund as determined by the City's Chief Financial Officer.
Section 5: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a
copy of which is attached to the Chief Financial Officer's agenda memo.
City of Fayetteville, Arkansas Page 2 Printed on 112212020
City of Fayetteville Staff Review Form
2019-0954
Legistar File ID
1/21/2020
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
Paul Becker 12/30/2019 CHIEF FINANCIAL OFFICER (110)
Submitted By Submitted Date Division / Department
Action Recommendation:
Staff recommends the creation of a Residential District Parking Fund and the approval of a budget adjustment to
establish the operating budget for 2020. Since this is a new fund with no current assets it is requested that City
Council approve a $20,000 loan from the General Fund to be repaid when sufficient operational reserves are
generated by the fund for cash flow purposes as determined by the Chief Financial Officer of the City.
2134.430.9134-5xxx.xx
Budget Impact:
Residential District Parking Fund
Account Number Fund
N/A N/A
Project Number
Budgeted Item? No
Does item have a cost? No
Budget Adjustment Attached? Yes
Purchase Order Number:
Change Order Number:
Original Contract Number:
Comments:
Current Budget
Funds Obligated
Current Balance
Item Cost
Budget Adjustment
Remaining Budget
Project Title
$ 20,494.00
$ 20,494.00
Previous Ordinance or Resolution #
Approval Date:
V20180321
CITY OF
FAYETTEVILLE
ARKANSAS
MEETING OF JANUARY 21,2020
TO: Mayor and City Council
FROM: Paul A. Becker, Chief Financial Officer
DATE: December 30, 2019
CITY COUNCIL MEMO
SUBJECT: Request for the creation of a Residential District Parking Fund and
approval of a 2020 budget for the Wilson Park South Neighborhood Permit
Parking District by approving the attached budget amendment and
approval of a general fund loan in the amount of $20,000
RECOMMENDATION:
Staff recommends the creation of a Residential District Parking Fund and the
approval of an operating budget for 2020. Since this is a new fund with no current
assets it is requested that City Council approve a $20,000 loan from the General
Fund to be repaid when sufficient operational reserves are generated by the fund
for cash flow purposes as determined by the Chief Financial Officer of the City.
DISCUSSION:
On November 19th City Council approved Ordinance 6259 which established the
Wilson Park South Neighborhood Permit Parking District. To implement that
residential parking program, it is necessary to approve an expense budget for 2020
to provide for operational expenses incurred by the program. These expenses are
to be paid from parking revenues earned in the newly established district. Since
this newly established fund to account for the program has no operating cash, it is
requested that $20,000 be loaned to the fund which is to be reimbursed by the
fund when sufficient reserves are generated. This loan reimbursement will occur
when the Chief Financial Officer of the City has determined that reserves have been
accumulated in an amount to ensure cash flow requirements for the fund have
been met.
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
BUDGET/STAFF IMPACT:
This request would increase the overall budget for 2020 by $20,494 to be offset
by parking revenue generated in the district. A budget amendment is attached
which details the estimated expenditures for 2020.
City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar)
Budget Year Division Adjustment Number
/Org2 PARKING MANAGEMENT (430)
2020 (BY)
Requestor: Holly Black
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
Create budget for new Neighborhood Parking District fund - Wilson Park South program. Meter revenue based on 60%
utilization with average daily rate of $1.28 for 75% of year. Parking Fines assumes 15% of meter revenue. Office Supplies
equate to 180 hang tags at $1.27 and 340 stickers at $1.23. Signs equal 20 pay -by -phone at $32, 20 residential at $32,
20 rate at $16. Labor and Contract Services are based on pro rata space allocation. Bank Charges are estimated at 9% of
revenue.
RESOLUTION/ORDINANCE
COUNCIL DATE: 1/7/2020
LEGISTAR FILE ID#: 2019-0954
YoUy 3Lack
12/30/2019 8:24 AM
Budget Director Date
TYPE: D - (City Council)
JOURNAL #:
GLDATE:
CHKD/POSTED:
TOTAL
Account Number
20,494 20,494
Increase / (Decrease)
Expense Revenue
Proiect.Sub#
Project Sub.Detl AT
v.20191113
Account Name
2134.430.9134-4410.00
-
17,821
RE
Parking Meter Revenue - Base
2134.430.9134-4500.00
2134.430.9134-5120.00
-
9,279
2,673
-
RE
EX
Parking fines - Base
Personnel Other - Contra
2134.430.9134-5200.00
2134.430.9134-5212.00
647
1,600
-
-
EX
EX
Supplies - Office/Printing
Signs
2134.430.9134-5315.00
2134.430.9134-5320.02
7,164
1,804
-
-
EX
EX
Contract Services
Bank Charges - Credit Card
H:\Budget Adjustments\2020_Budget\City Council\01-07-2020\BA20 - 2019-0954 Residential District Parking Fund budget 1 of 1
NORTHWEST ARKANSAS RECEIVED
Democrat 79 Oazette FEB 13 2020
CITY (dF FAYETTEIM'
,'l i'Y CL.L.RK s GF i
AFFIDAVIT OF PUBLICATION
I, Cathy Staggs, do solemnly swear that I am the Accounting Manager for the
Northwest Arkansas Democrat- Gazette, printed and published in
Washington and Benton County, Arkansas, and of bona fide circulation,
that from my own personal knowledge and reference to the files of said
publication, the advertisement of:
CITY OF FAYETTEVILLE
Ord 6277
Was inserted in the Regular Edition on:
January 30, 2020
Publication Charges $ 213.20
Cam 0
Ca by St s
Subscribed and sworn to before me
This 4 day ofpe_,6 , 2020.
04�t�
Notary Public
My Commission Expires: "z12..J?.fl ZtL
CATHY IN"L 5
A&ansas - acnton Coun!;
,'otary Public - Comm;; 12097118
,..y Commission Expires Feb 20, 2024
**NOTE** Please do not pay from Affidavit
Invoice will be sent.
Ordinance: 6277
File Number: 2019-0954
AMEND §34.08 PARKING
REVENUE FUND:
AN ORDINANCE TO AMEND
§34.08 PARKING REVENUE FUND
TO CREATE A NEW
RESIDENTIAL DISTRICT
PARKING FUND, TO APPROVE A
LOAN IN THE AMOUNT OF
$20,000.00 FROM THE GENERAL
FUND TO THE NEW
(RESIDENTIAL DISTRICT
PARKING FUND, AND TO
APPROVE A BUDGET
WHEREAS, in 2011, the City
Council approved Ordinance 5455
establishing the City's Parking
Revenue Fund into which all parking
revenues must be paid; and
WHEREAS, on October 19, 2019, the
City Council approved Ordinance
6259 which established the Wilson
Park South Neighborhood Permit
Parking district; and
WHEREAS, the City's Chief
Financial Officer recommends
establishing a separate Residential
District Parking Fund which will
ensure that the funds collected within
the neighborhood parking district are
used for the benefit of that district and
are not commingled with general
parking revenue that can be used for
other purposes; and
WHEREAS, because the Residential
District Parking Fund has no current
assets, staff requests that the City
Council approve a $20,000.00 loan
from the General Fund to the new
fund that will be repaid when
sufficient operational reserves are
generated by the new fund.
NOW, THEREFORE, BE IT
ORDAINED BY THE CITY
COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of
the City of Fayetteville, Arkansas
hereby amends the title of § 34.08
from "Parking Revenue Fund" to
"Parking Revenue Fund and
Residential District Parking Fund."
Section 2: That the City Council of
the City of Fayetteville, Arkansas
hereby repeals subsection 34.08(A)
and enacts a replacement § 34.08(A)
as follows:
"(A) There is hereby created a
Parking Revenue Fund into which all
non -Residential District parking
receipts collected by thecity shall be
deposited. Parking receipts shall
include both voluntary amounts paid
in compliance with parking
regulations, parking lease revenue,
and fines levied for violation of such
parking regulations.
Section 3: That the City Council of
the City of Fayetteville, Arkansas
hereby amends § 34.08 by enacting
new subsections (C) and (D) as
follows:
"(C) There is hereby created a
Residential District Parking Fund into
which all residential parking district
parking receipts collected by the city
shall be deposited. Sub -funds shall be
established for each residential
parking district. Parking receipts shall
include both voluntary amounts paid
in compliance with parking
regulations and fines levied for
violation of such parking regulations.
(D) Expenditures of revenues
from the Residential District Parking
Fund shall be restricted to:
(1) Operation, maintenance,
and improvement of existing parking
facilities within the residential parking
district; and
(2) Acquisition, expansion,
replacement, and improvement of
parking facility equipment, including
vehicles if necessary, used for the
residential parking district."
Section 4: That the City Council of
the City of Fayetteville, Arkansas
hereby authorizes a loan in the
amount of $20,000.00 from the
General Fund to the Residential
District Parking Fund to be repaid
when sufficient operational reserves
are generated by the new fund as
determined by the City's Chief
Financial Officer.
Section 5: That the City Council of
the City of Fayetteville, Arkansas
hereby approves a budget adjustment,
a copy of which is attached to the
Chief Financial Officer's agenda
PASSED and APPROVED on
1/21/2020
Approved:
Lioneld Jordan, Mayor
Attest:
Kara Paxton, City Clerk Treasurer
75222495 Jan 30, 2020