E-2
BOROUGH OF SOMERVILLE
PARKING UTILITY FUND
STATEMENT OF REVENUES - OPERATING
REGULATORY BASIS
YEAR ENDED DECEMBER 31, 2022
| EXCESS OR | ||||
|---|---|---|---|---|
| REF. | ANTICIPATED | REALIZED | (DEFICIT) | |
| Fund Balance | E-1 | $220,000.00 |
$220,000.00 |
|
| Parking Meters | E-1,E-4 | 400,000.00 |
536,225.04 |
$136,225.04 |
| Parking Permits | E-1,E-4 | 20,000.00 |
16,635.00 |
(3,365.00) |
| Parking Deck Fees | E-1,E-4 | 19,000.00 |
37,440.00 |
18,440.00 |
| Desapio Deck Contributions | E-1,E-4 | 76,000.00 |
76,000.00 |
|
| Miscellaneous | E-1,E-4 | 61,675.29 |
61,675.29 |
|
$735,000.00 |
$947,975.33 |
$212,975.33 |
||
| REF. | E-3 | |||
| Analysis of Miscellaneous Revenue: | ||||
| Interest on Investments | $3,434.72 |
|||
| Electric Car Charging Station | 2,836.57 |
|||
| Parking Impact Fees | 55,404.00 |
|||
| E-4 | $61,675.29 |
|||
The accompanying Notes to the Financial Statements are an integral part of this statement.
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