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Poulsbo Port anticipates surplus in 2013
POULSBO — The Port of Poulsbo’s income has remained steady in the last few years, but with the completion of some big projects behind them, port staff anticipates putting $13,000 into cash reserves in 2013.
That’s up from a $30 surplus last year. The port dipped into its cash reserves to balance the 2011 budget; in both years, there were capital projects budgeted.
Staff members introduced the draft 2013 budget to commissioners at their Sept. 6 meeting. The document is available for public review at the port office on the dock, and a public hearing will be held Sept. 20. Commissioners are expected to discuss and set the final draft budget at that meeting.
The total projected income for 2013 is $1,150,910, projected expenses are $1,136,975. Legal services are projected high at $40,000, based on this year’s legal fees and consultants during the city’s Shoreline Master Program planning process. Port Manager Kirk Stickels said the SMP process is not over, and commissioners have comments they intend to submit to the state Department of Ecology when the document is released again later this year.
The port is also planning on fewer Capital Improvement and Purchases projects in 2013. The completion of ADA-compliant improvements on C dock, and new power pedestals for E and F docks are projected to cost $76,325. CIP projects cost $166,000 in 2011 and $108,000 in 2012. Stickels said many of the port’s past projects are now able to be maintained within the general budget.
As far as income, Stickels said the warm weather this summer provided the port with a good income through guest moorage and fuel sales. While it’s difficult to project next year’s needs, Stickels feels comfortable with a $13,935 preliminary surplus as a buffer for unexpected expenses.
Comments will be taken at a public hearing Sept. 20, 7 p.m., in the port's multipurpose room on E dock.