Village Of Ridgewood 2013 parking meter & permit revenues vs. expenses
September 10,2014
Boyd A. Loving
11:01 PM
Ridgewood NJ, Village Manager Roberta Sonenfeld released a report entitled: “Village of Ridgewood Parking Utility – 2013 Revenue & Expense Summary” on 09/08/2014.
Here are the Cliff Notes:
Total revenues = $1,063,775.55
Total expenses = $902,243.45
Excess in operation (profit) = $161,532.10
The following line items were listed under “allocations/indirect expenses.” That is, a predetermined percentage of total 2013 parking revenues was allocated to each line item:
Municipal Court
Village Attorney
Group Health Insurance
Workers Compensation Insurance
General Liability Auto Insurance
Management Information Systems
Village Clerk
Finance (Accounts & Treasury, Audit Services, Collections)
Engineering
Street Services
Street Lighting
Traffic & Signal
Central Garage
Parks
Police
Gasoline & Diesel
Electricity and Gas
Telephone
Public Employees Retirement System
Social Security
Police & Fire Retirement System
Unemployment Insurance
Indirect expense allocation in 2013 was: $791,455.28
No information was provided regarding direct expenses other than they totaled $110,788.17 in 2013
All year end fund balances PRIOR to EOY 2013 were reduced to zero (yes, nothing left, zilch) because of theft/shortfalls in revenue.
The TOTAL BALANCE IN ACCRUED EXCESS PARKING REVENUES (profit) AS OF EOY 2013 is: $162,070.
