Budget
Parking and Transportation Services (PTS) is a self-funded unit, accepting no U of I General Fund monies. We're proud to contribute to U of I's improvement while freeing up funds for programs benefiting students, staff and faculty. In addition to operational expenses, PTS is responsible for funding capital improvements like parking lot renewal.
As a self-funded unit, we pay close attention to expenses and save money by doing a significant portion of lot improvement and maintenance in-house. By design, we receive only about 15% of our revenue from citations. Our goal is to rely primarily on revenue from parking products and event services to support the parking and transportation system.
Revenue and expense details per fiscal year are provided below, including a breakdown of operating expenses, bond debt, capital projects, and capital purchases.
| Source | Revenue | Percent of Total |
|---|---|---|
| Permits | $1,128,075 | 73% |
| Citations | $185,983 | 12% |
| Meters | $156,913 | 10% |
| Events | $57,542 | 4% |
| Other* | $24,664 | 1% |
| $1,553,157 | 100.0% |
*Other = lease income for old parking lots leased by private party, return funds from capital projects completed under budget
| Category | Expenses | Percent of Total |
|---|---|---|
| Personnel | $758,070 | 50% |
| Operating | $297,595 | 20% |
| Bond Debt | $130,000 | 9% |
| Univ. Admin. Fees | $138,786 | 9% |
| Capital Projects | $141,600 | 9% |
| Capital Purchases | $46,939 | 3% |
| $1,512,990 | 100.0% |
