2016 Operating Budget - Park Harrisburg - Base Version

Month

Jan

Total

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

912,780
222,904
478,788
237,624
110,792
5,912

912,780
239,545
477,077
235,083
110,792
4,790

912,780
283,988
494,046
281,112
110,792
2,912

912,780
291,226
492,073
288,257
110,792
4,290

912,780
294,411
484,054
314,695
110,792
3,162

912,780
300,641
490,508
326,462
110,792
3,814

912,780
221,512
464,583
283,854
110,792
3,686

912,780
240,979
487,075
275,496
110,792
18,314

912,780
233,236
478,441
275,332
110,792
2,936

912,780
277,478
478,442
285,330
110,792
3,814

912,780
224,114
478,442
221,465
110,792
3,436

912,780
233,083
478,442
218,752
110,792
3,314

10,953,360
3,063,117
5,781,971
3,243,462
1,329,507
60,378

Total System Revenues

Parking Tax (@20%)

1,968,800
(269,579)

1,980,067
(271,817)

2,085,630
(281,802)

2,099,418
(282,846)

2,119,894
(281,916)

2,144,997
(284,072)

1,997,207
(266,604)

2,045,437
(273,639)

2,013,518
(270,743)

2,068,636
(278,200)

1,951,028
(269,306)

1,957,163
(270,717)

24,431,795
(3,301,241)

Revenues Net of Parking Tax

1,699,221

1,708,250

1,803,827

1,816,572

1,837,978

1,860,926

1,730,603

1,771,798

1,742,775

1,790,436

1,681,722

1,686,446

21,130,554

498,372
3.41

498,372
3.43

498,372
3.62

498,372
3.65

498,372
3.69

498,372
3.73

498,372
3.47

498,372
3.56

498,372
3.50

498,372
3.59

498,372
3.37

498,372
3.38

5,980,463
3.53

Operator Expenses
Asset Manager Expenses
Authority Expenses
Operator and AM Fees

318,899
23,333
10,000
40,425

325,567
23,333
10,000
40,425

315,151
23,333
10,000
40,425

302,910
23,333
10,000
40,425

314,956
23,333
10,000
40,425

322,108
23,333
10,000
40,425

338,471
23,333
10,000
40,425

281,363
23,333
10,000
40,425

285,600
23,333
10,000
40,425

332,229
23,333
10,000
40,425

268,719
23,333
10,000
40,425

295,520
23,333
10,000
40,425

3,701,492
280,000
120,000
485,100

System O&M Fees

392,657

399,325

388,909

376,668

388,714

395,866

412,230

355,121

359,359

405,987

342,477

369,278

4,586,592

NET OPERATING INCOME

808,192

810,552

916,546

941,532

950,892

966,688

820,002

918,304

885,045

886,077

840,873

818,796

10,563,499

Series B - Dauphin County Net Debt Service

Series C - AGM / Dauphin County Net Debt Service

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

352,483
252,500

4,229,800
3,030,000

Total Junior Debt Service

Debt Service Coverage Combined A, B and C Bonds

604,983
1.18

604,983
1.19

604,983
1.28

604,983
1.31

604,983
1.31

604,983
1.33

604,983
1.19

604,983
1.28

604,983
1.25

604,983
1.25

604,983
1.21

604,983
1.19

7,259,800
1.25

CASH FLOW AFTER DEBT SERVICE

203,209

205,569

311,563

336,548

345,909
336,548

361,704
682,457

215,018

313,321

280,061

281,093
-

235,890
281,093

213,812
516,983

3,303,699

Prior Months CF
CF Carried Forward

682,457

1,044,162

516,983

730,796

System Revenues

Commonwealth Contract Revenues

Transient Revenues
Monthly Parkers & Validations
Meters Revenues
Enforcement Revenues
Other Revenues

Senior Debt - Series A

Series A Net Debt Service

Senior Debt Coverage

Operating Expenses

Junior Debt - Series B & C

Subordinated Expenses

City Payments*
Ground Lease Payments
SP+ Repayment*
Performance Based Asset Management Fee
Performance Based Parking Management Fee
PEDFA
Subordinated Expenses

79,568
97,249
26,392
-

79,568
97,249
28,752
-

79,568
97,249
134,746
-

238,703
291,748
513,712
-

79,568
97,249
38,202
-

79,568
97,249
58,196
43,069
35,239
-

79,568
97,249
6,543
6,105
90,596

238,703
291,748
16,538
13,781
121,584

954,810
1,166,990
800,000
66,150
55,125
212,180

203,209

205,569

311,563

1,044,162

215,018

313,321

280,061

682,352

3,255,255

48,443

48,443

SURPLUS CASHFLOWS
* Amounts pendind approval

Approved

Approved

Assured Guaranty Municipal Corp.

County of Dauphin, Pennsylvania

By:

By:

Name:

Name: