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