BH.5 - Approve Parking Dept Budget
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A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE ANNUAL BUDGET, ATTACHED AND INCORPORATED AS EXHIBIT "A," OF THE DEPARTMENT OF OFF-STREET PARKING FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027, IN THE OPERATING AMOUNT OF THIRTY-TWO MILLION, SEVEN HUNDRED FIFTY-FIVE THOUSAND, EIGHT HUNDRED SIXTY-TWO AND 00/100 DOLLARS ($32,755,862.00), EXCLUDING DEPRECIATION, AND OTHER NON-OPERATING EXPENSES OF FOUR MILLION, TWO HUNDRED SIXTY-SEVEN THOUSAND, SIXTY AND 00/100 DOLLARS ($4,267,060.00).
September 10, 2026
Department: Off-Street Parking Board/Miami Parking Authority
Category: Other
WHEREAS, Section 23(h) of the Charter of the City of Miami, Florida, as amended ("City Charter"), provides that all budgets, funds, and accounts pertaining to the off-street parking facilities of the City of Miami ("City") shall be segregated from all other budgets, funds, and accounts of the City and shall be so kept to reflect the financial condition and the operation of each off-street parking facility of the City separately; and
WHEREAS,a budget is required to properly administer the Department of Off-Street Parking ("DOSP"); and
WHEREAS, Section 23(h) of the City Charter further provides that no later than one (1) month before the end of each fiscal year, the Director of DOSP, with the approval of the Off-Street Parking Board, shall prepare and submit to the City Commission a budget estimate of expenditures and revenues for the ensuing fiscal year in the same form and like manner as all other departments of the City for approval by the City Commission; and
WHEREAS, the Off-Street Parking Board reviewed and approved the DOSP annual budget for Fiscal Year 2026-2027 on June 2, 2026, in the operating budget amount of Thirty-Two Million,Seven Hundred Fifty-Five Thousand,Eight Hundred Sixty-Two and 00/100Dollars ($32,755,862.00), excluding depreciation, and other non-operating expenses of Four Million,Two Hundred Sixty-Seven Thousand, Sixty and 00/100Dollars ($4,267,060.00); and
WHEREAS, the DOSP requests the approval of the attached and incorporated proposed budget for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, in the operating budget amount of Thirty-Two Million,Seven Hundred Fifty-Five Thousand,Eight Hundred Sixty-Two and 00/100 Dollars ($32,755,862.00), excluding depreciation, and other non-operating expenses of Four Million,Two Hundred Sixty-Seven Thousand,Sixty and 00/100 Dollars ($4,267,060.00), attached and incorporated as Exhibit “A”;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.
Section 2. DOSP's annual budget, attached and incorporated, for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, in the operating amount of Thirty-Two Million,Seven Hundred Fifty-Five Thousand,Eight Hundred Sixty-Two and 00/100 Dollars ($32,755,862.00), excluding depreciation, and other non-operating expenses of Four Million,Two Hundred Sixty-Seven Thousand,Sixty and 00/100 Dollars ($4,267,060.00), attached and incorporated as Exhibit “A,” is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.
WHEREAS,a budget is required to properly administer the Department of Off-Street Parking ("DOSP"); and
WHEREAS, Section 23(h) of the City Charter further provides that no later than one (1) month before the end of each fiscal year, the Director of DOSP, with the approval of the Off-Street Parking Board, shall prepare and submit to the City Commission a budget estimate of expenditures and revenues for the ensuing fiscal year in the same form and like manner as all other departments of the City for approval by the City Commission; and
WHEREAS, the Off-Street Parking Board reviewed and approved the DOSP annual budget for Fiscal Year 2026-2027 on June 2, 2026, in the operating budget amount of Thirty-Two Million,Seven Hundred Fifty-Five Thousand,Eight Hundred Sixty-Two and 00/100Dollars ($32,755,862.00), excluding depreciation, and other non-operating expenses of Four Million,Two Hundred Sixty-Seven Thousand, Sixty and 00/100Dollars ($4,267,060.00); and
WHEREAS, the DOSP requests the approval of the attached and incorporated proposed budget for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, in the operating budget amount of Thirty-Two Million,Seven Hundred Fifty-Five Thousand,Eight Hundred Sixty-Two and 00/100 Dollars ($32,755,862.00), excluding depreciation, and other non-operating expenses of Four Million,Two Hundred Sixty-Seven Thousand,Sixty and 00/100 Dollars ($4,267,060.00), attached and incorporated as Exhibit “A”;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.
Section 2. DOSP's annual budget, attached and incorporated, for the Fiscal Year commencing October 1, 2026, and ending September 30, 2027, in the operating amount of Thirty-Two Million,Seven Hundred Fifty-Five Thousand,Eight Hundred Sixty-Two and 00/100 Dollars ($32,755,862.00), excluding depreciation, and other non-operating expenses of Four Million,Two Hundred Sixty-Seven Thousand,Sixty and 00/100 Dollars ($4,267,060.00), attached and incorporated as Exhibit “A,” is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.
Fiscal Impact
Total Fiscal Impact: $18,000,000 (revenue)