Page 242 - FortWorthFY22AdoptedBudget

Enterprise Funds

Metered parking exists throughout the Downtown Central Business District, the Texas Christian
University/Berry Street area, the West 7 Urban Village, the Cultural District, and the Hospital District.
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FY2022 DISCUSSION
The effects of COVID-19 will continue to impact the Municipal Parking fund this fiscal year. Major revenue
drivers for the fund are events at Dickies Arena, Will Rogers Memorial Complex, Convention Center, and parking in
lots and metered spaces throughout the city. As COVID restrictions are lifted and large public events are held we
expect to see a rise in activity and associated revenue at these locations, downtown, as well as in the cultural
district.

The FY2022 Adopted Budget includes a transfer in of $600k from the General Fund. This is from parking
enforcement revenue and will be used to cover the cost of parking enforcement which has typically been
absorbed by the Municipal Parking Fund over the last 9 years.
The reduction seen above in Transfer Out & Other, is the result of using General Debt Service funds to cover
debt obligations for the current year. Therefore, the Municipal Parking Fund was alleviated from transferring
funds for debt.

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