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Community Summary: Parking at Colorado College, 2006-07

As promised at the implementation of the paid parking program at Colorado College, you will find below a budget summary for the first year of parking operations, which includes a comparison of the estimated with the actual budget outcome for the first year of service.

Estimated Outcome

According to the initial proposal for the parking program at Colorado College, the estimated parking revenue goal was $250,000.00. This figure was based on the assumption that 1000 parking spaces on campus would be sold on an individual basis at a cost of $250 per year. Of the total revenue, $180,000.00 would be applied to debt service in order to pay for the 2006 series bonds used to build the new parking spaces, and an estimated $70,000.00 would go towards operating expenses, to include implementation hardware, software, and salary/benefits for the new position of parking manager.

Actual Outcome

Actual revenue for the first year of parking program operations fell short of the estimated revenue. The total actual parking revenue for the year was $230,755.79 (or $19,244.21 short of the estimated parking revenue goal).

The total permit revenue for the year was $179,500.79 (including student permit, faculty/staff permits, day passes and guest permits, and pay station proceeds).

1. There are 1340 parking spaces on campus. However, due to the fact that a certain percentage of the total spaces must be available for handicapped and visitor parking, only 946 of them are eligible for sale to the student and staff population, more than 50 permits short of the initial 1000 permit estimate. (Of the 946 available permits, 945 were sold during the first year of parking operations, almost a total sellout.) At the median price per stall for an annual pass ($225.00), the revenue generated ($212,850) from the sale of 946 passes would still be approximately $37,000 less than the estimated revenue.
2. In addition, all passes sold were not annual passes, charged at $225 and paid in full. Many were student semester permits, staff semester permits, or staff permits that were cancelled before they were billed in full. At the end of the fiscal year on June 30, 2007, more than half of the permit holders were faculty or staff members on a payroll deduction program who had not yet paid the full amount for their permits because the payroll deduction process did not begin at the start of the fiscal year in July 2006. Though this payroll deduction overlap will balance out over time, a deficit is the short-term result.  

The initial $250,000.00 revenue estimate was based solely on permit sales and didn’t include fine collection revenue or visitor revenue. Even though total permit revenue for the year ($179,500.79) did not come close to the estimated revenue, some of the shortfall between the estimated permit revenue and the actual permit revenue was compensated by fine collection revenue. For the first year of parking program operations, the total ticket fine revenue was $51,255.00.

Had the parking manager been able to collect on all tickets issued (2,593), the total ticket fine revenue would have been $73,760.00. However, the parking manager is currently collecting on approximately 70% of citations issued. This figure is good, but it could be better. The parking collection process is not comprehensive because the parking manager is able to collect only from individuals who are students. If they do not voluntarily pay their tickets, ticket charges can be assessed to student accounts. Although students may compose the majority of ticketed offenders, the parking manager is unable to collect on a noticeable percentage of citations issued to non-students because there is no fall-back mechanism to collect on tickets that are not paid voluntarily. The only means of enforcement for the non-student group is based on ticketed individuals self-identifying through the adjudication process (filing an appeal) or through immobilization (having their vehicle “booted”) by the parking manager.

Utilizing written and verbal feedback, as well as a summary of recommendations for improvement to the parking program which were made to the committee by a group of outside consultants, the parking advisory committee continues to evaluate and refine the parking program at Colorado College. For additional information on parking and to access a complete report for the first year of parking operations, please see the parking website at http://www.coloradocollege.edu/welcome/parking.