2017 budget narrative - port of kingston...port of kingston 25864 washington blvd. po box 559...
TRANSCRIPT
The Port of Kingston’s proposed 2017 Budget of $1,500,000.00 represents an overall income increase of
5%, and an overall increase in expenses of 10%.
The Port’s income is proposed to increase by 5% overall. Historically, the Port has increased Permanent Moorage rates by CPI, which is presently 2%. Open Moorage is proposed to increase from $5.56/ft. to $5.67/ft., and Covered Moorage is proposed to increase from $9.08/ft. to $9.26/ft. This will generate an additional $13,344.00 in overall income to offset our marina expenses.
In addition to Permanent Moorage increases, we are proposing a $7.00 fee for Launch Ramp use. This will allow us to continue to make improvements to our launch facility. Strong fuel sales and the rental of the Hill House property will also contribute to the income stream.
We will however see a temporary decrease in the Seasonal Monthly Guest Moorage income as we begin the building phase of our Covered Moorage repairs and start rotating tenants onto our guest dock during construction this winter. In addition, development of the Washington Blvd. Park site could have the potential for revenue loss at the conclusion of Diamond Parking’s lease of that property from the Port. We are planning to create additional spaces for Monthly Parking within the Port to help offset that revenue loss.
Our overall income is expected to rise in 2017 from $1,423,000.00 to $1,489,524.00.
Looking at the expense side, our expenses are projected to increase by about 10%. This is due to the budgeting of a cost of living increase and the creation of a merit raise reserve for Port employees. Other expense categories that will see an increase are Repair/Maintenance and Advertising/Promotion, with budget increases of close to $10,000.00 each.
Medical and Business Insurance continues to rise annually, and as we encourage our tenants and guests to pay by credit card, our credit card service fees will rise as well.
The Port is budgeting for debt service payments of $7,000.00 per month starting in March for a potential $1,000,000.00 loan to be used for our Covered Moorage Project. 2017 is also an audit year. The Port is budgeting for an audit covering the period of 2015 through 2016 from the State Auditor’s Office, with expected costs at $18,000.00.
Overall our expense budget is expected to increase from $1,245,000.00 to $1,411,000.00.
Even with these proposed changes our Port’s financial position continues to be strong, with operations generating enough income to pay for all expenses. This leaves all of our non-operating income ($212,000.00) from taxes, interest and service charges to be used for Capital Projects. Capital Projects for 2017 include roof replacement on all of our covered moorage and a list of other enhancements to the marina that includes new gates and locks at the head of each gangway and new dock ladders. Plans are being developed for expansion of the Port office building to accommodate our staff and customers with a ground level facility.
Additional projects scheduled to move forward in 2017 include the beginning of construction of Washington Blvd. Park, with grant funding provided by the State of Washington RCO (Recreation & Conservation Office), as well as a feasibility study assessing potential development options for existing Port properties, funded mostly by grant funds provided by the State of Washington Department of Commerce CERB (Community Economic Revitalization Board).
The Port is looking to invest over $2,000,000.00 in Capital Projects in 2017, with $435,000.00 funded through various grant funds.
2017 Budget Narrative
2017 Proposed 2016 Budget
MARINA USER CHARGES:
Moorage - Permanent $682,092 $668,722
Moorage - Transient $136,201 $134,484
Kayak Facility $4,645 $3,863
Winter Moorage $11,505 $14,474
Electricity - Permanent $30,976 $31,855
Electricity - Transient $9,375 $10,085
Laundry Income $2,160 $1,860
Deposits Forfeited $535 $1,825
Reservation Fees $5,960 $1,576
Total Marina User Charges $883,449 $868,744
PARKING CHARGES
Parking $215,672 $223,321
Ramp/Parking $10,950 $0
Parking ticket income $4,890 $4,800
Total Parking Fees $231,512 $228,121
PROPERTY RENTALS-FACILITIES:
Aviator Land Rent $3,760 $3,491
Dept. of Transportation $199,770 $199,870
Diamond Parking $2,835 $7,311
Farmers Market $702 $684
Hill House $31,800 $0
Kingston Cove Sailing $2,250 in-kind $3,000
Miscellaneous $6,224 $7,862
Yacht Club $15,036 $14,952
Total Property Rentals 260,877$ $234,170
FUEL SALES:
Gasoline/Diesel Sales $422,304 $513,809
Cost of Fuel $319,466 $421,638
Gas/Diesel Sales (net) $111,955 $92,170
Total Fuel Sales (net) 111,955$ $92,170
RETAIL SALES:
Retail Sales $4,302 $3,630
Cost of Goods $2,571 $3,453
Total Retail Sales (net) 1,731 $176
OPERATING REVENUES:
Marina User Charges $883,449 $868,744
Parking Fees $231,512 $228,121
Property Rentals $260,877 $234,170
Fuel Sales (net) $111,955 $92,170
Retail Sales (net) $1,731 $176
Total Operating Revenues 1,489,524$ $1,423,381
2017 PORT OF KINGSTON DRAFT BUDGET
OPERATING EXPENSES:
Accounting $25,750 $24,450
Advertising & Promotion $24,000 $15,000
Audit $18,000 $0
B&O/Excise/SSWM (less 50%) ferry property $11,525 $12,448
Commissioner Medical $4,244 $16,368
Commissioner Salary $7,200 $7,200
Commissioner Travel/Training & Education $8,100 $9,200
Commissioners Compensation $5,400 $4,902
Computer Supplies/Expenses $8,575 $16,200
Consulting $10,000 $20,000
Credit Card Fees $26,010 $12,780
Debt Service ($1,000,000) $70,000 $0
Dues & Subscriptions $10,106 $9,252
Electricity $40,240 $39,230
Employee Medical $156,180 $123,840
Environmental Inspections $1,275 $4,500
Equipment Rental $2,780 $2,425
In-Kind Advertising (KCS) $2,250
Insurance $63,250 $54,996
Landscaping $8,805 $12,000
Legal $100,000 $107,100
Miscellaneous $1,500 $2,844
Office Supplies $12,000 $12,260
Operating Supplies $19,080 $14,220
Parking expenses $11,520 $11,208
Payroll Taxes $74,340 $58,020
Pension Expense $53,484 $51,828
Repair & Maintenance $48,000 $36,768
Salaries & Wages $509,160 $489,447
Soundrunner Expenses (Insurance) $12,000 $12,000
Storage Rent $1,235 $1,146
Telephone/Internet $4,644 $4,644
Training/Education $10,000 $10,000
Travel $6,000 $6,000
Water, Sewer, Garbage $44,628 $43,380
Total Operating Expense $1,411,281 $1,246,846
Income from Operation $78,243
NON-OPERATING REV/EXP
Interest Income $15,601 $15,601
Property Tax Receipts $194,868 $188,863
Service Charges $7,224 $7,224
Total Non-operating rev $217,692 $211,688
Net Revenue $295,935
2017 Capital Budget
Description Amount
Covered Moorage Repair $ 1,350,000.00
Gates & Dock Entrances $ 70,000.00
Port Office Remodel & Expansion $ 170,000.00
CERB Grant Feasibility Study - Match Funds $ 12,000.00
Repair of Fuel Lines $ 15,500.00
Total: $ 1,617,500.00
2017 Capital Budget
Resolution No. 10-02-2016
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Port of Kingston 25864 Washington Blvd. PO Box 559 Kingston WA 98346 Phone: (360) 297-3545 Fax: (360) 297-2945 www.portofkingston.org
2017 Rate Schedule
Rates Adopted by Resolution 10-03-2016 October 26th, 2016
Rates Effective January 1st, 2017
Transient Moorage Nightly Moorage Nightly Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
Guest Slips 1-4 (20’) $1.00 ft/night
Guest Slip 7 (45’) $1.00 ft/night, $45.00 slip minimum
Guest Slips 8-10 (50’) $1.00 ft/night, $45.00 slip minimum
Guest Slips 11-20 (40’) $1.00 ft/night, $35.00 slip minimum
Guest Slips 21-45 (30’) $1.00 ft/night, $20.00 slip minimum
Linear Guest Dock Slips 46-49 (Max 81’) $1.00 ft/night
Multi-Hull Vessels (Over 18’ Wide) $2.00 ft/night, slip minimums apply
Temporary Tie Up (Up to 4 Hours) $5.00 Vessels up to 25’/$10.00 over 25’
Dinghy/Skiff Tie Up (Maximum LOA 12’) $2.00 per day
Reservations Non-refundable/non-applicable Reservation Fee payable upon booking Guest Moorage Reservation Fee $7.00 per slip
Yacht Clubs/Group Reservation Fee $7.00 per slip
Nightly Electric 30AMP $3.00 per night
50AMP (Guest Slips 7-10 and 46-49) $5.00 per night
Guest Monthly Moorage
Seasonal Guest Monthly Monthly Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
October 1st through June 30th $5.67 ft/month, slip minimums apply*
Limited Access Guest Monthly Monthly Moorage Rate is based on vessel length overall
Maximum LOA 18’ $4.67 ft/month*
Non-Metered Electric
Non-Metered Electric Flat Rates Only Applies to Seasonal Monthly Moorage Guests October 1st - June 30th
Vessels 20’ - 29’ Overall $25.00 per month
Vessels 30’ - 40’ Overall $ 30.00 per month
Vessels 41’ - 50’ Overall $35.00 per month
Vessels Over 50’ Overall $40.00 per month
Liveaboards $100.00 per month
Sublease of Tenant Slip Sublease Extension Fee Sublease Extension Fee is based on vessel length overall or slip minimum, whichever is greater
Sublease Extension Administrative Fee $1.00 ft/month
Permanent Moorage
A Dock Permanent Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
Open Moorage (24’ Slip) $5.67 ft/month, $136.08/month minimum*
B Dock Permanent Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
Open Moorage (28’ Slip) $5.67 ft/month, $158.76/month minimum*
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Permanent Moorage (Continued) C Dock Permanent Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
Open Moorage (32’ Slip) $5.67 ft/month, $181.44/month minimum*
Covered Moorage (32’ Slip) $9.26 ft/month, $296.32/month minimum*
D Dock Permanent Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
Open Moorage (36’ Slip) $5.67 ft/month, $204.12/month minimum*
Covered Moorage (36’ Slip) $9.26 ft/month, $333.36/month minimum*
E Dock Permanent Moorage Rate is based on vessel length overall or slip minimum, whichever is greater
Open Moorage (40’ Slip) $5.67 ft/month, $226.80/month minimum*
Open Moorage (45’ Slip) $5.67 ft/month, $255.15/month minimum*
Open Moorage (50’ Slip) $5.67 ft/month, $283.50/month minimum*
Open Moorage (56’ Slip) $5.67 ft/month, $317.52/month minimum*
Open Moorage (60’ Slip) $5.67 ft/month, $340.20/month minimum*
Covered Moorage (40’ Slip) $9.26 ft/month, $370.40/month minimum*
Covered Moorage (50’ Slip) $9.26 ft/month, $463.00/month minimum*
Liveaboards Liveaboard Fee $50.00 per month*
Liveaboard Background Check/Screening Fee $25.00 per screening
Metered Electric KWH’s Used $.095 per KWH
Small Boat Facilities Covered Kayak Rack/Small Boat Storage $25.50 per month*
Gate Key Cards
Tenant Gate Key Cards Tenants are provided with a total of two (2) Gate Key Cards per slip with a refundable deposit
Gate Key Card Deposit (Limit 2 per Slip) $10.00 per card
Replacement Gate Key Card $10.00 per card
Additional (3rd) Gate Key Card Fee Annual Fee $36.00 per year
Parking Facilities and Permits
Hourly Parking - Passenger Vehicles **Hourly Parking Rates include all applicable taxes
0-12 Hours $5.00**
12-24 Hours $10.00**
24-36 Hours $15.00**
36-48 Hours $20.00**
48+ Hours (Maximum of 14 Days) $5.00 each additional 12-Hour increment**
Hourly Parking - Truck & Trailer **Hourly Truck & Trailer Parking Rates include all applicable taxes 0-12 Hours $7.00**
12-24 Hours $14.00**
24-36 Hours $21.00**
36-48 Hours $28.00**
48+ Hours (Maximum of 14 Days) $7.00 ea. additional 12-Hour increment**
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Parking Facilities and Permits (Continued) Moorage Tenant Parking Permits One (1) Parking Permit is included with lease of permanent slip
Tenant Parking Permit Deposit $20.00 per permit
Additional Parking Permit (Limit 2 per Slip) $20.00
Replacement Tenant Parking Permit $20.00
Annual Truck & Trailer Parking Permit Annual Truck & Trailer Parking Permit $76.50 per year*
Parking Penalty Fees **Parking Penalty Fees include all applicable taxes
Parking Penalty Fee $25.00 per Violation**
Parking Penalty Fee (Paid after 15 days) $50.00 per Violation**
Permanent Moorage Waiting List Waiting List Application Fee $25.00
Waiting List Annual Renewal Fee $25.00 per year
Additional User Fees & Service Rates Port Labor Rate $50.00 hr/per employee, 2 hour minimum*
Port Overtime Labor Rate $75.00 hr/per employee, 2 hour minimum*
Add Cleat (Tenant Slips) $9.99 each*
Add Shore Power Security Clips (Tenant Slips) $2.99 each* Add Power Pedestal Locking Rings (Tenant Slips) $5.99 each*
Install Dock Box (Tenant Slips) Actual Cost*
Additional Lines $25.00*
Bail Skiff $20.00*
Emergency Pumps $125.00*
Emergency Towing Services $100.00 per hour, 1 hour minimum*
Relocate Vessel with Port Skiff (Guest) $100.00*
Relocate Vessel with Port Skiff (Tenant) $50.00*
Vessel Impound/Chain Fee $100.00
Violation of Moorage Restrictions on Fuel Dock $250.00 per violation
Illegal Garbage Dumping Fee $300.00
NSF Fee (Insufficient Funds) $25.00 per occurrence
Late Fee $10.00 or 60% of total balance owing
Fax $1.00 1st Page/$ .75 each additional page
Photocopies/Printed Copies $ .15 per page
Oversized Copies Actual Cost
Scanning Documents $ .15 per page
CD/DVD $1.00 each PLUS Scanning Charges
Removable Storage Device/External Drive Actual Cost
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Recreational Facilities Special Use Fees Security Deposit is non-refundable if cancelled within 30 Days of Event Security Deposit $200.00
Stage $100.00 per four (4) hours*
Tent $100.00 per four (4) hours*
Stage and Tent Together $150.00 per four (4) hours*
Cancellation Fee (up to 30 days prior to event) $20.00
* Rates subject to applicable Sales Tax -or- State Leasehold/Excise Tax of 12.84%
** Rates include applicable Sales Tax -or- State Leasehold/Excise Tax of 12.84%