A Self-supported Auxiliary
Oregon State University Transportation Services is a self-supported auxiliary. This means that all revenue collected supports the services and infrastructure for parking on the OSU Corvallis campus.
In addition to the services that we provide, we own, maintain and replace equipment and facilities including approximately 90 parking lots, the parking garage, Beaver Buses, bike lockers, and bus shelters.
Parking Fund Expenditures
Expenses related to parking operations include maintenance of parking facilities, vehicles and equipment, employee salaries and benefits, supplies, minor equipment, utilities, transportation options program and Beaver Bus operations.
Transportation Services maintains a Reserve Fund for capital expenses, like new parking lots, and for the maintenance or repair of parking facilities and capitalized equipment. The fund is replenished by transfers from the operating fund equivalent to asset depreciation and any revenue over expenses, although due to COVID-19 the FY20 transfer amount was lower than originally planned. The ending reserve fund cash balance for FY20 was just under $2.88 million, after a transfer into the fund of just over $205K from the operating budget.
Parking revenue includes annual, monthly, and daily parking permit sales, parking meter payments, parking fines, internal sales (to OSU departments), and miscellaneous revenue from Beaver Bus rentals, bicycle locker rentals, surplus sales and reimbursements from outside entities.