HomeMy WebLinkAboutEstimate Revenue & CostsFollowing is a projection of the annual revenue stream and costs anticipated to implement a Parking Meter Program for the City of Cape Canaveral Beach Ends. This projection includes
web based payment ability for tickets issued. This service could also be utilized for Business Tax Receipts, Fire Inspection Fees and Building Permits.
The Meter costs may be reduced by $917/unit ($14,672) if coin is eliminated as a payment option.
Start-Up Costs
Revenue
Revenue from Meters
Tickets Paid without Problems
Ticket Revenue from Collections
Annual Costs
Total Projected Net Revenue from Meter Program
Meters
Management Software & Accessories
Installation of Pay Stations
Solar Panel mounting Pole
Beach Shacks
Training
Freight
Spare Parts Inventory
Coin Bags and Bill Stacker
Direct Costs
Hand Held Ticket Units
Golf Cart
Support Costs
Total Start-Up Costs
Annual Projected Revenue from Meters
Amortized Start-Up Costs (15 Years)
Two Part Time Meter Readers
Online Services, including Web-Based Reporting, Real-Time Credit Card Processing and Monitoring & Alarming
Product Maintenance Agreement
Credit Card processing for Ticket Payment
Annual Pass Program
Maintenance of Golf Cart
Annual Costs
196071.2
2137.25
8000
6400
9472
2500
4800
3655
7120
8000
8200
141120
24072
3672
17090.3633333333
24097
13440
8400
2540
2000
2500
240155.45
16200
168864
70067.3633333333
256355.45
98796.6367