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%