Motorists escape Docklands parking fine predictions
02 Oct 2009
The City of Melbourne had hoped to issue nearly twice as many parking tickets in Docklands last financial year.
It fell $733,771 short of its projected earnings from parking fines but says it will revise down its targets for this year.
The council had expected to collect $1.547 million in 2008-09 but raised only $813,000.
The chair of the council’s Finance and Governance Committee, Cr Brian Shanahan, said it was difficult to accurately predict how many fines would be issued, as Docklands was a new and growing precinct.
“We have revised the budget forecast as part of the Five Year Finance and Infrastructure Plan which projects $840,000 in parking fine revenue for financial year 2009-10,” Cr Shanahan told the Docklands News.
The council also collected $438,542 less than expected in rates in 2008-09 due to lower supplementary valuations.
Overall, the council says it made a surplus of $1.399 million from its Docklands activities (against an estimated budget of $14.518 million), due to better than expected performance in capital contributions, building fees, hoarding rentals and recoveries.
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