Idaho Springs Collections Report_Oct-22.pdf
PDF 468 KB Posted
- Attached to
- Idaho Springs Parking Management Program
- Solicitation number
- 2025-1
- Issued by
- Clear Creek County, Colorado
About this file
This document is a 2021-2022 Collections Report for Park Idaho Springs, detailing the financial performance of a parking management program in Idaho Springs, Colorado. The report covers gross collections, management fees, and allocated expenses for the parking program's operations from November 2021 through October 2022.
The report shows total gross collections of $168,685.61, with a 65% management fee of $109,645.65, resulting in net collections of $59,039.96. Expenses are allocated across several categories, including management and ambassador labor ($33,975.00), customer care team office costs ($3,238.92), collections hardware ($1,277.10), compliance cell phone plans ($518.40), uniforms ($130.50), collections signage ($1,028.88), and accounting/reconciliation services ($1,024.92). The total expenses for collections are $41,193.72, leaving a balance due to the owner of $17,846.24. Monthly gross collections varied throughout the year, with the highest month being April 2022 at $27,192.00 and the lowest month being December 2021 at $775.00.
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Park Idaho Springs 2021-2022 Collections Report
Gross Collections 168,685.61$
65% Management Fee 109,645.65
Net Collections 59,039.96
Total Cost % Allocated to Idaho Springs Allocation Assumptions
Management and Ambassador Labor 377,500.00 9% 33,975.00
Salaries for Customer Care Team- Director, General Manager, Customer Operations Manager, 3 Customer Experience Managers, Park Idaho Springs Supervisor and Park Idaho Springs Ambassador (emails, calls, violation investigation, appeals, etc.)
Customer Care Team Office 35,988.00 9% 3,238.92 Location offices in Idaho Springs, Denver and Breckenridge. Internet, Phone lines, printers, computers, office supplies, CAM, Human Resources, ADP payroll processing, limited liability insurance
Collections Hardware 14,190.00 9% 1,277.10 Envelopes, cell phones, printers, violation paper, API integrations for collections, license plate search recognition interface
Compliance cell phone monthly plans for ticket issuance 5,760.00 9% 518.40 Verizon monthly cell phone plan for all compliance and customer inquires Uniforms for Ambassador team 1,450.00 9% 130.50 Uniform shirts, vests, jackets and hats for brand ambassadors and supervisor
Adequate Collections Signage 11,432.00 9% 1,028.88 Signage throughout the City enforcing paid parking - parking enforced- fines issued
Accounting/Daily Bank Reconciliation/Statement of Collections to City 11,388.00 9% 1,024.92 Mailed check collection to offices, post violation or collection notices, deposit fees, accounting reconciliation, statement of collections to the City
Total Expenses for Collections 41,193.72
Balance due to Owner 17,846.24$
Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Total
Gross Collections Revenue 17,068.20 775.00 15,043.80 6,295.40 3,000.00 27,192.00 2,575.00 8,462.00 11,511.40 27,489.01 26,465.40 22,808.40 168,685.61
Park Idaho Springs 2021-2022 Collections Report
File details come from the government source that posted it. Updated .