San Francisco Municipal Transportation Agency
Return to FY2011 and FY2012 Budget
| Subobject | Subobject Title | 2009-2010 Amended Budget | 2009-2010 Unaudited Actual Results (As of 9/22/10) | 2010-2011 Board Adopted Budget | 2011-2012 Board Adopted Budget | 2010-2011 Compared to 2009-2010 Amended Budget Increase/(Decrease) | 2011-2012 Compared to 2010-2011 Board Adopted Budget Increase/(Decrease) |
|---|---|---|---|---|---|---|---|
| Sub-Fund: 5XOPFAAA OFF-STREET PARKING OPERATING-NON PROJ | |||||||
| 35220 | VALLEJO ST. GARAGE | 413,390 | 303,697 | 590,700 | 596,607 | 177,310 | 5,907 |
| Vallejo Street Garage is a SFMTA owned parking facility. In FY 2011, the SFMTA has changed the way it budgets its garage revenue to fulfill certain accounting requirements. Instead of budgeting the net revenue after the expense, gross revenue is budgeted and garage expense is added on the expenditure budget side to reflect the actual cash flow. The revenue projections have taken into consideration factors such as continued economic trend, parking rate adjustment, elimination of free parking for employees, and cost-cutting strategies implemented in the 4th quarter of FY 2010 and into FY 2011 and FY 2012. | |||||||
| 35221 | NORTH BEACH GARAGE | 919,784 | 928,523 | 1,714,656 | 1,731,802 | 794,872 | 17,146 |
| North Beach Garage is a SFMTA owned parking facility. In FY 2011, the SFMTA has changed the way it budgets its garage revenue to fulfill certain accounting requirements. Instead of budgeting the net revenue after the expense, gross revenue is budgeted and garage expense is added on the expenditure budget side to reflect the actual cash flow. The revenue projections have taken into consideration factors such as continued economic trend, parking rate adjustment, elimination of free parking for employees, and cost-cutting strategies implemented in the 4th quarter of FY 2010 and into FY 2011 and FY 2012. | |||||||
| 35227 | SFGH CAMPUS GARAGE | 1,060,507 | 997,974 | 3,328,572 | 3,361,857 | 2,268,065 | 33,285 |
| San Francisco General Hospital Garage is a SFMTA owned parking facility. In FY 2011, the SFMTA has changed the way it budgets its garage revenue to fulfill certain accounting requirements. Instead of budgeting the net revenue after the expense, gross revenue is budgeted and garage expense is added on the expenditure budget side to reflect the actual cash flow. The revenue projections have taken into consideration factors such as continued economic trend, parking rate adjustment, elimination of free parking for employees, and cost- cutting strategies implemented in the 4th quarter of FY 2010 and into FY 2011 and FY 2012. | |||||||
| 35230 | LOMBARD POST OFFICE | 585,269 | 283,170 | 288,263 | 296,911 | (297,006) | 8,648 |
| Lombard Post Office is a commercial space owned by the San Francisco Unified School District and is leased to the SFMTA. The SFMTA, based on an agreement, pays the School District 43% of the total revenues generated at this location for leasing the land. The space is currently rented by the Lombard Street Post Office and the SFMTA receives revenues based on a rental agreement. | |||||||
| 35233 | 16TH & HOFF PARKING GARAGE REVENUE | 0 | (3,937) | 475,500 | 480,255 | 475,500 | 4,755 |
| 16th & Hoff Garage is a SFMTA owned parking facility. This line item in the past was included in the budget of St. Mary’s Square Garage. | |||||||
| 35234 | 1660 MISSION STREET GARAGE | 0 | 0 | 124,584 | 124,584 | 124,584 | 0 |
| 1660 Mission Street Garage is owned and managed by the Real Estate Department. The SFMTA receives transient parking revenues at this location. | |||||||
| 35242 | PERFOMING ARTS RETAIL | 1,060,507 | 137,493 | 133,258 | 137,256 | (927,249) | 3,998 |
| Performing Arts Commercial space is owned by the SFMTA. The space is currently leased to two retail businesses that pay rental fees to the SFMTA based on agreements. The SFMTA also receives rental income from mobile phone antenna leases. | |||||||
| 35249 | JAPAN CENTER GARAGES | 1,143,404 | 1,416,510 | 3,822,824 | 3,811,278 | 2,679,420 | (11,546) |
| Japan Center Garage is a SFMTA owned parking facility. In FY 2011, the SFMTA has changed the way it budgets its garage revenue to fulfill certain accounting requirements. Instead of budgeting the net revenue after the expense, gross revenue is budgeted and garage expense is added on the expenditure budget side to reflect the actual cash flow. The revenue projections have taken into consideration factors such as continued economic trend, parking rate adjustment, elimination of free parking for employees, and cost-cutting strategies implemented in the 4th quarter of FY 2010 and into FY 2011 and FY 2012. | |||||||