Item 19 - Work Study Session for Parking Enterprise Fund

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Work Study Session for Parking Enterprise Fund 27 February 18, 2025 Page 2 4 8 4 4 •The Clean and Safe Program ($705,290) •Holiday decorations in downtown ($60,000) Historically, parking rates in Downtown Santa Ana have been set at accessible levels to promote parking availability and circulation for visitors. Current rates are $1.00 to $2.00 per hour for street parking in prime areas such as Downtown and Civic Center, while parking structures charge $1.50 per hour. These rates have remained unchanged since 2019. In 2019, to support the community and local economy, the City Council approved a two- hour grace period to promote visitors to the area and a boost to the downtown business district. In 2020, in response to the pandemic and construction challenges, additional measures were introduced, including free parking at structures on weekdays from 7:00 a.m. to 5:00 p.m. and two-hour free parking during evenings and weekends. These measures resulted in significant revenue decline. The City Council has approved subsidies for the Fund to maintain essential operations for the past several years. FY21 FY22 FY23 FY24 General Fund Subsidy $400,000 $789,000 $2,873,040 $1,862,320 The primary goal of this session is to seek direction from the City Council on proposed budget strategies for the Fund. These strategies aim to balance community needs with the necessity of covering operational costs, ensuring the continued functionality and sustainability of the Fund. FISCAL IMPACT There is no fiscal impact at this time. Submitted By: Michael L. Garcia, Executive Director of Community Development Approved By: Alvaro Nuñez, City Manager