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Budget Year / Version:
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Program Description

  Financial Management

The Financial Management Program has overall responsibility for the recordation, reconciliation, and audit of all parking district revenue. In addition, this program has primary responsibility for the development and execution of the Division Budget and Capital Improvements Program in coordination with other programs and the associated Six-Year Fiscal Cash Flows for the Parking Lot District enterprise funds. Also included are Accounts Payable and procurement actions. It is also responsible for revenue bond debt, fixed assets, and utilities programs. This program serves as the primary point of contact for the Department of Finance in the preparation of the annual financial statements of the three Parking Lot District enterprise funds and in responding to any inquiries from the auditors of those statements.

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Program Contacts

Contact Jose Thommana of the Parking Districts at 240.777.8732 or Lindsay Lucas of the Office of Management and Budget at 240.777.2766 for more information regarding this department's operating budget.

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Program Performance Measures

Program Performance MeasuresActual FY17Actual FY18Estimated FY19Target FY20Target FY21
Customer satisfaction rate for Parking Lot Districts (PLDs) 1N/A4.7N/A4.7N/A
Parking Management cost efficiency (ratio of expenses to revenues)7066696969
Parking Management revenue generated ($ millions)37.736.736.736.736.7
Parking Management operating expenditures ($ millions)26.424.225.725.725.7
1  Rating on a scale of 1 to 5 with the number 5 representing highest score. Scores from prior years are not shown due to a significant change in survey methodology in FY18.
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Program Budget Changes

FY20 Recommended ChangesExpendituresFTEs
FY19 Approved90445125.10
Re-align: Debt Service Adjustment -127940.00
Multi-program adjustments, including negotiated compensation changes, employee benefit changes, changes due to staff turnover, reorganizations, and other budget changes affecting multiple programs.4621960.38
FY20 Recommended94939145.48