HomeMy WebLinkAboutParking Meter Presentation
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Revenue Assumptions
Basic information from City of Cocoa Beach
218 Meter Locations
Rate of .25 per quarter hour = $1 per hour
32% of Meters/Tickets/Meter hours as Cocoa Beach
10% Additional for Credit Card use
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Assumptions Continued
32% Annual Tickets 1,360
17% Tickets Never Paid 231
9% Tickets Voided 122
74% Tickets Paid 1,006
15% Tickets to Collection 204
$15 Late Fee
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Revenue Projections
Revenue from Meters $141,120
Tickets Paid
w/o Problems 24,072
Ticket Revenue
from Collections 3,672
$168,864
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Revenue to School Crossing Guard Fund
802 Tickets Paid w/o Problems $ 8,020
204 Tickets Paid through
Collection 2,040
$10,060
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Start Up Costs
218 Guardian XLE Meters $112,270
10 Spare Units 5,150
218 Assemblies with coin can 32,373
125 Twin Mounting Poles 3,600
125 Pole Installation 3,600
1 Collection Cart Assembly 825
Freight 1,457
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Start Up Costs Continued
2 Hand Held Ticket Units 8,000
1 Coin Counter 1,500
1 Golf Cart 8,200
Projected Start Up Costs $ 178,475
Most Costs Expensed over 15 Years
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Annual Costs
Enforcement
2 Part Time Meter Readers
20 hours each per week
Wages & Taxes $23,847
Uniforms 250
$24,097
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Annual Costs Continued
Annual Software Maintenance $13,080
Credit Card Processing 2,540
Coin Pick-up 1,200
Postage/stationary 1,500
Maintenance/Fuel – Golf Cart 3,000
Maintenance on Meters 2,400
Annualized Start-up Costs 15,202
Annual Costs $63,019
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Net Revenue
Gross Revenue $168,864
Annual Expenses 63,019
Net Revenue $105,845
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SmartChute coin validation technology
LED back light for evening use
Cellular modem for real-time credit card validation
Remote monitoring/Auditing tools through Web Sentinel
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Designed to work under extreme environmental conditions including saline marine environments
Built to withstand prolonged exposure to intense UV radiation, humidity, rain, sleet and grime
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Collections
Time of the year
Staff Supported
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Requires a Secure Location for Coin Storage
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Weekly or Monthly
Pick-Up and Transport
Bank
Seasonal Changes
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Golf Cart for Enforcement
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Hand Held Ticketer
*Durable
*Prints the Ticket
*Down Loads into Software for FDLE
Identification
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Most companies add the convenience fee to the transaction.
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Appeals
*Brevard County
*Code Enforcement
Appeals to the Parking Tickets could be handled in a number of ways.
A judge from Brevard County could be hired for one evening each month to handle the appeals
Appeals could go before the Code Enforcement
Could establish a separate board
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Collection Agency
Used for :
Parking Tickets
Ordinance Violations
Bad Checks
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