Financial Information
The City of Norfolk’s Parking Division is an Enterprise Fund, which falls under the Department of General Services (as of July 1, 2011). All parking revenue collected remains within the Parking Enterprise Fund to cover the operating, maintenance and capital costs incurred by the Parking System.Why do people have to pay to park downtown?
The City uses many methods of financing the services it delivers to Norfolk citizens. Some services, such as police and fire, are supported by citizens through taxes paid to the General Fund. Other services are financially supported by the users. Parking is one of those services supported exclusively by drivers using garages, surface lots and shuttles. Since this operation is self-supporting, adequate fees must be collected to cover the operating, maintenance and capital costs incurred by the Parking System.
Click on a link below for detailed information:
- 2011 Audited Financials
- 2010 Audited Financials
- 2009 Audited Financials
- 2008 Audited Financials
- 2007 Audited Financials
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