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: 5MAAAAAA MUNI-OPERATING-NON-PROJ-CONTROLLED FD | |||||||
| 35211 | GOLDEN GATEWAY GARAGE | 4,152,619 | 4,418,310 | 7,052,568 | 7,137,199 | 2,899,949 | 84,631 |
| Golden Gateway is a SFMTA owned garage with revenues dedicated to the SFMTA to fund public transit under Prop M (approved by the voters in 1993). 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. | |||||||
| 35213 | MISSION BARTLETT GARAGE | 454,735 | 494,608 | 1,493,900 | 1,493,900 | 1,039,165 | 0 |
| Mission Bartlett is a SFMTA owned garage with revenues dedicated to the SFMTA to fund public transit under Prop M (approved by the voters in 1993). 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. | |||||||
| 35214 | MOSCONE CENTER GARAGE | 1,502,128 | 1,604,397 | 2,698,920 | 2,753,520 | 1,196,792 | 54,600 |
| Moscone Center garage is a SFMTA owned garage with revenues dedicated to the SFMTA to fund public transit under Prop M (approved by the voters in 1993). 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. | |||||||
| 35223 | SUTTER-STOCKTON GARAGE-UPTOWN PKG. | 7,273,264 | 7,146,565 | 6,227,209 | 6,276,550 | (1,046,055) | 49,341 |
| Sutter-Stockton is a SFMTA owned garage with revenues dedicated to the SFMTA to fund public transit under Prop M (approved by the voters in 1993). In accordance with the lease and indenture for the garages with outstanding bonds, each year the garage management corporation remits audited net revenues prior to the end of the City’s fiscal year. Based on this practice, the revenue budgeted for this garage reflects the net amount. 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. | |||||||
| 35241 | MOSCONE RETAIL | 200,000 | 26,729 | 28,393 | 29,813 | (171,607) | 1,420 |
| Moscone Garage Commercial Space is owned by the SFMTA with revenues dedicated to the public transit fund under Prop M (approved by the voters in 1993). The SFMTA receives rental income from retail businesses that rent space at this location. | |||||||
| 35282 | 5TH & MISSION GARAGE | 8,506,735 | 10,118,992 | 9,036,314 | 9,045,075 | 529,579 | 8,761 |
| 5th & Mission is a SFMTA owned garage with revenues dedicated to fund public transit under Prop M (approved by the voters in 1993). In accordance with the lease and indenture for the garages with outstanding bonds, each year the garage management corporation remits audited net revenues prior to the end of the City’s fiscal year. Based on this practice, the revenue budgeted for this garage reflects the net amount. 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. | |||||||
| 35283 | ELLIS-O'FARRELL GARAGE | 1,125,805 | 1,649,162 | 1,533,849 | 1,539,273 | 408,044 | 5,424 |
| Ells-O'Farrell is a SFMTA owned garage with revenues dedicated to fund public transit under Prop M (approved by the voters in 1993). In accordance with the lease and indenture for the garages with outstanding bonds, each year the garage management corporation remits audited net revenues prior to the end of the City’s fiscal year. Based on this practice, the revenue budgeted for this garage reflects the net amount. 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. | |||||||