The Parking Trading Account is self-financing. Any surplus generated by parking fees and charges is spent on the provision of public transport services or on road, air quality or environmental improvements.
Parking Services Accounts 2019/20
| Total Expenditure | £5,463,416.91 |
|---|---|
| Total Income | £9,806,567.85 |
| Net Surplus | £4,343,150.94 |
Parking Services Accounts Breakdown 2023/24
| Off Street | |
|---|---|
| Expenditure | £2,698,312.96 |
| Transfer to Highways | £2,495,966.15 |
| Income (Parking Charges) | £4,651,980.83 |
| Income (Penalty Charge Notice) | £256,244.77 |
| Income (Other) | £286,053.51 |
| Final Net Position Off-Street | £0.00 |
| On Street | |
|---|---|
| Expenditure | £2,765,103.95 |
| Transfer to Highways | £1,847,184.79 |
| Income (Parking Charges) | £2,072,798.21 |
| Income (Penalty Charge Notice) | £1,451,920.38 |
| Income (Permits – Residents & Business) | £985,343.21 |
| Income (Other) | £102,226.94 |
| Final Net Position On-Street | £0.00 |
* Please note - all figures are net of VAT