GALVESTON — The seawall parking program has generated more than $83,000 for the city since it began last summer, according to reports made by the state’s General Land Office.
Through Feb. 28, the city’s Beach User Fee Fund had a balance of $83,430. That money, according to the report, is what the city will use for capital projects.
The city is required to file quarterly financial reports with the General Land Office as a condition of having a beach-user fee. The latest report, submitted to the land office on April 29, reflects the amount of money generated by the parking program between December and February.
During that period, the parking program generated $58,106 in revenue from the sale of parking passes. In the same period, the program totaled $28,795 in operating expenses, including $10,374 for transaction fees and $9,929 for salaries and wages.
In all, the parking program made $29,311 for the quarter.
The new numbers show a decrease in both revenue and expenses compared to the previous quarter.
Between September and November 2013 — the first three months the program was fully in operation — the parking program generated $23,403 in profit, but also cost the city more than $63,000 in expenses. More than a third of those expenses — $22,468 — came in the form of transaction fees, according to the report.
In the second quarter of the fiscal year, the city spent 75 percent less money to operate the parking program than it did in the first quarter. The second quarter also generated 39 percent less in parking pass sales.
City officials have said that they expect the largest earnings from the parking program will come during the summer.
The seawall parking system launched last July after years of delay. The $1 per hour fee is intended to raise money for improvements on Seawall Boulevard.
The city has begun to plan for the construction of capital improvements on the seawall, though the beach-user fee fund has not been tapped.
In March, the council approved the construction of two outdoor showers at 28th and 27th streets. City staff members have also been researching options for public toilets that could be constructed on Seawall Boulevard.
Contact reporter John Wayne Ferguson at 409-683-5226 or email@example.com.
In the bank
Reported balance of city Beach User Fee Fund at end of quarter
Quarter End DateGain/LossEnding Balance
*Aug. 31, 2013$30,708.70$30,708.70
Nov. 30, 2013$23,403.18$54,111.88
Feb. 28, 2014$29,310.54$83,430.42
*Parking Program launched July 27, 2013
SOURCE: Texas General Land Office