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 2022/23
| Total Expenditure | £5,283,269.08 |
|---|---|
| Total Income | £9,469,521.98 |
| Net Surplus (Transfer to Highways) | £4,186,252.90 |
Parking Services Accounts Breakdown 2022/23
| Off Street | |
|---|---|
| Expenditure | £2,242,406.15 |
| Transfer to Highways | £2,319,812.95 |
| Income (Parking Charges) | £4,238,511.76 |
| Income (Penalty Charge Notice) | £257,922.30 |
| Income (Other) | £65,785.04 |
| Final Net Position Off-Street | £0.00 |
| On Street | |
|---|---|
| Expenditure | £3,040,862.93 |
| Transfer to Highways | £1,866,439.95 |
| Income (Parking Charges) | £2,293,475.29 |
| Income (Penalty Charge Notice) | £1,461,423.80 |
| Income (Permits – Residents & Business) | £1,147,323.61 |
| Income (Other) | £5,080.18 |
| Final Net Position On-Street | £0.00 |
* Please note - all figures are net of VAT