Friday, October 26, 2012

Wyre Forest Car-parking profits

Heated exchanges at the Shuttle over the revelation that the council is making a profit of £429,875 on its car-parks and the excuse given as to why it needs to make a profit:

The surplus made from car parking is used to help deliver services. To not make a surplus, would mean services elsewhere would have to be cut.
Normally I wouldn't have a problem with that as this is pretty much how government works, however given the slow growth and recession we've had price-increases and an entire car-park that was formerly free being made pay-and-display. As a result this smacks to me of raising prices on one service simply to fund other services. That's where I have a problem.

On another note let's add up the figures:

£   72,613 Parking fines
£   94,726 Enforcement fines
£   72,420 Staff passes
£    9,067 Senior concession
£  120,853 Season passes
£      600 Rents
£  117,605 Management fees
£  947,591 Parking meters

£1,435,475 Total

Remove the profit and that's an operating cost of  £1,005,600.

Now where this gets interesting is that I have to guess that the Staff passes, Management fees, Rents, and Senior concessions are being paid for by Wyre Forest District Council to... Wyre Forest District Council. So that's simply taking money out of the bucket and putting it back in the bucket.

Strip out the dosey-do'ing and they're really pulling in £1,235,783; remove the operating cost and the profit gained from car-park patrons is really £230,183 a year.

So if this were removed, exactly which other services would need to be cut?


Cristie Rosen said...

I find it very interesting, thanks you for sharing such an informative post..

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carla grace said...
This comment has been removed by the author.
carla grace said...

nice post. You have made every point clear regarding prices.keep updating these kind of posts. there are also other companies providing their best secure services at reasonable prices and so the best suggested is gatwick meet and greet

perry cole said...

" So that's simply taking money out of the bucket and putting it back in the bucket. " agreed that. Then in that case i would give my preference to gatwick parking south terminal