2015 Budget Workshop August 18. 2014 (RCW 53.35)
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Transcript of 2015 Budget Workshop August 18. 2014 (RCW 53.35)
2015 Budget WorkshopAugust 18. 2014(RCW 53.35)
2015 Budget ProcessAugust• 14 Funding Requests Deadline 5:00 PM• 18 Preliminary Budget Workshop 3:30 P.M.- 5:00 P.M.• 18 Regular Commission Meeting 5:30 PM• 19 Preliminary Budget Available to Public September• 4 Special Meeting: Preliminary Budget Workshop 3:30 P.M.- 5:00 P.M.• 18 Preliminary Budget & Hearing- approve preliminary budget 5:30 P.M.• 29 First Public Notice; Preliminary Budget October• 6 Second Public Notice; Preliminary Budget• 16 Regular Commission Meeting- approval of proposed final budget 5:30 P.M. November• 3 First Public Notice; Final Budget• 10 Second Public Notice; Final Budget• 20 Regular Commission Meeting- approve final budget 5:30 P.M. December• 1 Certify to County Assessor amount of taxes levied; file final budget
Revenue•Agricultural leases forecasted at $
5,270.85 4.6%
•Land leases forecasted at $135,562.15 9.4%
•Decrease is subject to renegotiations of lease terms with Peri Formworks with highest potential decrease.
Ag & Land Leases
2015 Revenue Estimate 2014 Budget Actual
AUSTIN POINT $24,075.00 $24,075.00
Coast Guard $75.00 $75.00
West Coast Training $24,000.00 $24,000.00
EASEMENTS $1,903.65 $2,027.72
Cowlitz PUD $1,013.99 $1,003.95
Olympic Pipeline $889.66 $880.85
GUILD ROAD $530.25 $525.00
Dobbins Berry Farm $530.25 $525.00
MARTIN'S BAR $1,950.00 $1,950.00
North (Peterson) $750.00 $750.00
South (Bong) $1,200.00 $1,200.00
RAIL LOOP PROPERTY $1,880.58 $1,666.59
Lutzenberger Farms $1,683.26 $1,666.59
SCHURMAN WAY $95,500.21 $108,432.49
North 20 acres (Boon) $886.21 $886.21
1475 Port Way (PERI Formworks) $94,614.00 $107,546.28
SCOTT AVENUE $14,763.72 $14,763.72
AmeriGas $14,763.72 $14,763.72
TOTAL $140,603.41 $153,440.52
Leasehold Eligible Total $137,367.09
Leasehold Tax Collected $17,637.93
Revenue•Down River Drive Buildings•Guild Road •Pekin Road•Schurman WayForecasted at $518,017.40 3.3%
Contingent on the following:•Suite D site prepped and rented•Increase in rent based on market value
and $0.42 per square foot for existing tenants
Building Leases
2015 Revenue Estimate2014 Budget
ActualDOWN RIVER DRIVE 1395 Down River Drive
Suite D New Tenant $28,274.40 $30,438.00
Suite E (BNSF) $30,708.00 $30,708.001363 Down River Drive
Stellar J (Suite A & B) $51,493.68 $46,442.101391 Down River Drive Advanced Composites (Suite A & B) $51,408.00 $48,235.501375 Down River Drive
Stellar J (Suite A & B) $51,493.68 $45,646.801383 Down River Drive
FlashCo (Suite A) $17,136.00 $19,709.52
AiMMCO (Suite B) $34,272.00 $28,596.001387 Down River Drive
Pacific Seafood (Suite A & B) $50,825.96 $49,179.72
FlashCo (Suite C) $18,900.00 $19,709.52GUILD ROAD
ARCE Nursery $12,000.00 $12,000.00PEKIN ROAD INDUSTRIAL PARK
Gardner Trucking $16,293.48 $16,132.08
Quality Marine Resources $16,550.04 $16,349.19SCHURMAN WAY
1415 Port Way (Behrman Transport) $60,015.48 $60,015.48
1670 Schurman Way (Harlow's) $78,646.68 $77,868.00
TOTAL $518,017.40 $501,029.91
Leasehold Tax Collected Total $66,513.43
RevenueMiscellaneous•Sand Sales for Austin Point and Martin
Bar•Fill Dirt Sales•Taxes•Other Revenue
Forecasted at $521,551.36 62.7%
Sand SalesSand Location $2.00 CUY $2.50 CUY $3.00 CUY
Austin Point $166,000 $207,500 $249,000
83,000 CUY/ YR (322,000 total)
More bidders- favorable option
Less bidders – price too high
Martin Bar $200,000 $277,500 $333,000
111,000 CUY/ YR (650,000 total)
More bidders- less lucrative
Favorable option
Less bidders- price too high
Increase to budget
$0 $119,000 $216,000
Favorable option- increase of $77,500
RevenueTotal Revenue Forecast: $1,180,172.17Actual 2014 Budget and Forecast:
$981,303.13
16.8%
Contingent upon all of the following:• Suite D at 1395 rented• JARPA & Sand Sales Resume and price
determined• $0.42 current tenant lease rates • $0.35 new tenants lease rate for first year
Expenditures2015 Salaries, Per Diems and Benefits
Salaries: $129,056.98 19.1% ▫New Maintenance Position and potential
salary increases Per Diems: $5,292 48.9%▫More accurately portrays actual per diem
rate than forecasted in 2014Benefits: $77,400 10.1%
SALARY AND BENEFITS
2015 PROPOSED EXPENSES COST 2014 BUDGET ACTUAL
$207,848.82 $181,380.88
SALARIES/PER DIEM $130,448.82 $112,443.98
Staff (Salary) $125,156.82 $104,443.98
Executive Director* $62,830.00 $51,658.35
Auditor* $40,226.82 $39,055.16
Incentive Compensation $0.00 $2,659.20
Overtime Compensation $0.00 $1,571.27
Maintenance $22,100.00 $9,500.00
Commission (Per Diem) $5,292.00 $8,000.00
HEALTH INSURANCE $55,000.00 $50,657.64
RETIREMENT $12,000.00 $9,619.29
SOCIAL SECURITY $10,000.00 $7,989.97
WORKMAN'S COMP $400.00 $670.00
Expenditures2015 Operations•Deferred Maintenance 17%•Marketing and Advertising Revamp
15%•Sand Sales Royalty Payment to DNR•Debt Services
2015 Expense Estimate 2014 Budget Actual
OPERATIONS
Advertising $20,000.00 $17,000.00
Channel Maintenance $2,600.00 $42,200.00
Community Development $5,000.00 $6,000.00
Diking District Assessment $20,000.00 $20,000.00
Debt Services $206,828.73 $213,681.00
DNR Assessment $17.40 $17.40
Elections $6,000.00 $0.00
Fill Dirt Expenses $44.00 $0.00
Insurance $24,935.00 $25,000.00
Investment Pool $0.00 $158,282.43
Maintenance $100,000.00 $83,000.00
Landscaping $24,000.00
Legal $15,000.00 $12,000.00
Memberships $11,500.00 $11,091.50
Miscellaneous Expenses $0.00 $500.00
Office* $24,000.00 $24,000.00
Office Rent $18,000.00 $18,000.00
Personal Services Contracts $18,920.00 $16,800.00
2015 Expense Estimate 2014 Budget Actual
OPERATIONS
Postage $1,000.00 $660.58
Promotional Hosting $250.00 $500.00
Public Notices $1,280.00 NA
Rail Administration Fees $1,250.00 $1,250.00
Registration $700.00 $2,000.00
Reserve $0.00 $50,000.00
Restroom Rent $250.00 $250.00
Sand Sale Royalty Expense $176,500.00 $2,500.00
Small & Attractive $5,000.00 $0.00
Staff Training $4,000.00 $1,500.00
State Auditor $0.00 $4,000.00
Taxes $86,019.60 $84,332.70
Telephone* $0.00 $1,200.00
Tourism $7,500.00 $7,500.00
Travel $3,000.00 $6,000.00
Utilities $5,000.00 $4,000.00
TOTAL $291,749.60 $165,693.28
Debt Services2014 Debt BalancePayments to Debt in 2014 $213,681
2015 Debt BalanceAnticipated Payments to Debt in 2015
$206,828.73
Expenditures2015 Capital Improvements•Deferred maintenance: est. $100,000 •Appraisals of properties: est. $20,000-
$30,000•Energy Efficiency upgrades to existing
buildings (grant dependent)•Down River Drive water meter separation
Phase I- (Bld. 1395, 1391 & 1387): $20,000
•Martin Bar South site clean-up (WSDOT dependent)
Expenditures2015 Capital Investments• Rose Growers Industrial Park Binding Site
Plan & Permitting: est. $102,000• Rail Spur Concept & Engineering: est.
$25,000-$40,000• Rail Spur Implementation/ Construction: est.
$400,000 (grant dependent)• Land acquisition(s)• Comprehensive Scheme of Harbor
Improvements (RCW 53.20.010)
Rose Growers Industrial Park
Design Schemes.pdf
Rail Spur Concept and Engineering
Woodland, WA - Port of Woodland Concepts Air.pdf
Community Development/ Tourism Requests(RCW 53.08.255)
•Woodland Rotary Club•Woodland Downtown Revitalization•Woodland Chamber of Commerce•LoveStreet Playhouse