Port of St. Helens ADOPTED BUDGET

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1 Port of St. Helens ADOPTED BUDGET

2 PORT OF ST. HELENS ADOPTED BUDGET TABLE OF CONTENTS Budget Messages Executive Director s Message. 1 Finance Manager Message 3 Budget Summary Resources and Requirements Resources Detail 11 Department Detail Administration. 13 Business Development & Planning Finance. 15 Facility & Property Management. 16 Terminal Services 17 Non-Departmental 18 All Department. 19 Closed Funds. 20 Appendix Capital Projects 22 Debt Service 23 Property Tax Levy and Collection Estimates. 24 Organization Chart. 25 Port of St. Helens Commissioners/Budget Committee. 26 Form LB Form LB Resolution No

3 EXECUTIVE DIRECTOR S MESSAGE The following budget for the Port of St Helens is presented for consideration and approval by the selected committee. This Fiscal Year (FY) Proposed Budget reflects our strong commitment to fiscal responsibility and accountability while making significant investments in support of our strategic priorities. The Port has seen an increased level of domestic and international interest from industries over the past year and strongly believes that this level of attention will only increase in the coming year. As a result, this document will highlight funding for the operational and capital activities of the Port over the same fiscal period. The Port has continued a steady improvement, building on its strong financial position from last year as we enter FY The beginning balance is forecast to be $5.6 million, which is an increase of $1.7 million from this time last year. The proposed budget includes increased growth in tenant revenues and ongoing grant opportunities, allowing the Port to make investments in infrastructure improvements, while simultaneously increasing our reserves for contingencies. Of the Port s $15.6 million budget, less than three percent of overall resources are generated from our property tax levy, which is estimated at $379,781 based on $.0886 per thousand of assessed value. These tax dollars leverage investment in the community through direct Port capital improvements, as well as tenant investments. The Proposed Budget includes investment in capital of $7.4 million; including projects at selected Port sites. A list of all potential projects by site is included in the budget summary that follows. Significant projects include an upgrade to the west side water and sewer infrastructure at the Scappoose Industrial AirPort; and a 11,500 sq. ft building at the Multnomah Industrial Park to be occupied by Composites Universal Group. In accordance with the AirPort Master Plan adopted by the Port and FAA last year, we are moving forward with the airpark priorities, which include design work for the relocation of taxiway B, a sewer connection, and a public viewing area. Also, we plan to work to bring new opportunities to the Port and the local efforts of the Oregon Manufacturing Innovation Center (OMIC). The Port s rezoning efforts at Port Westward will continue. The Port s application was approved by the Columbia County Commissioners in FY and has been appealed to the Oregon Land Use Board of Appeals (LUBA). Currently the measure is under review. In FY the Port approved a lease-option extension to Northwest Innovation Works (NWIW) which will allow them time to determine if their proposed project to construct a $1.8 billion methanol plant at Port Westward will proceed. If this project moves forward, it will provide jobs for as many as 1,000 workers during construction. 1

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5 FINANCE MANAGER S MESSAGE The Port of St. Helens offers a variety of sites and facilities. The Port s Portfolio of about 2,400 acres of land is comprised of six industrial parks, an airport, a marine park/rv park and campground and two other property sites. 3

6 BUDGET OVERVIEW The Proposed Budget for Fiscal Year (FY) totals $15.6 million which is an increase of $5 million from the FY Adopted Budget. The increase is attributed largely to the proposed capital outlay. Major Assumptions Overall, most property leases provide for annual increases tied to the Western Region Consumer Price Index (CPI). Where applicable, the CPI increase assumed for the fiscal year is 3.1%. The Marina moorage and AirPort hangar rates are calculated on a two- year cycle with the next increase being effective in FY Most existing building and property leases are assumed to continue. The revenue forecast does include additional new tenants beyond those with executed agreements as of April We are expecting few vacancies during the fiscal year. Columbia Pacific Bio-Refinery (CPBR) shipments will continue to be less than estimates as the ethanol markets remain soft. The overall Resources are illustrated in the graph below: Resources FY Proposed Budget Interest 0% Miscellaneous 0% Loans 9% Beginning Balance 36% Grants 24% Launch/Other Marina Fees 1% Bayport/RV Park 1% Terminal Service 2% Reimbursement 22% Property Taxes 2% Licenses/Permits 3% 4

7 The overall requirements are illustrated in the graph below: Requirements FY Proposed Budget Personnel Services 11% Contingency 25% Material & Services 14% Personnel Services Debt Service 3% Material & Services Capital Outlay Debt Service Capital Outlay 47% Contingency 5

8 The proposed budget is for $7.4 million in capital projects. The Port in revised its fixed asset thresholds, so some projects that would have been capitalized will be included in repairs and maintenance. Over the past six fiscal years, the Port has spent over $25.8 million throughout the district. The chart shows the level of spending by facility for FY Capital Assets Additions by Site (FY11-17) CBC; $4,300; 0.0% Admin.; $110,105; 0.4% Rainier; $143,300; 0.6% SIA; $3,742,458; 14.5% Multnomah; $4,443,964; 17.3% SBMP; $3,942,159; 15.3% Milton Creek; $936,594; 3.6% Railroad Corridor; $149,600; 0.6% McNulty Creek; $222,700; 0.9% Columbia City; $873,750; 3.4% Port Westward; $11,188,376; 43.4% SBMP Milton Creek Railroad Corridor McNulty Creek Port Westward Columbia City SIA Multnomah Admin. Rainier CBC 6

9 There are about 42 commercial/ industrial tenants spread throughout the Port s facilities and over 100 individual tenants each at the airport and marina. Combined budgeted revenues for all tenant leases, permits and licenses are more than $4.2 million. The following chart shows proposed revenue by site for FY Multnomah Ind Park, $610,248, 18% Revenue by Site Proposed Budget Marina/RV, $357,613, 11% Milton Creek, $153,734, 5% Columbia City Ind Park, $268,464, 8% RR Corridor, $27,624, 1% McNulty Ind Park, $38,628, 1% Port Westward, $1,173,112, 35% SIA, $695,996, 21% Lease Revenue by Site Marina/RV Milton Creek RR Corridor McNulty Ind Park SIA Port Westward Columbia City Ind Park Multnomah Ind Park 7

10 Beginning in FY , expenditures are allocated by object classification in each program including Personnel Services, Materials and Services and Capital Outlay. The only exception is for Debt Service and Operating Contingency and each will be reported in Nondepartmental. The graph below looks at total proposed expenditures by program. Terminal Services, $1,219,887, 10% Nondepartmental, $528,863, 5% FY BUDGET EXPENDITURES BY PROGRAM Administration, $560,176, 5% Business Development & Planning, $569,157, 5% Finance, $512,774, 4% Facilities & Property Management, $8,293,473, 71% Administration Business Development & Planning Finance Facilities & Property Management Terminal Services Nondepartmental 8

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12 Summary of Resources & Requirements Actual Actual Revised Proposed Approved Adopted Resources by Category FY FY FY FY FY FY Property Taxes $ 334,990 $ 349,058 $ 366,630 $ 379,781 $ 379,781 $ 379,781 Licenses and Permits 385, , ,892 $ 449,835 $ 449,835 $ 449,835 Rents and Reimbursements 2,582,425 2,834,266 3,413,771 $ 3,223,504 $ 3,223,504 $ 3,223,504 Terminal Services 121, , ,963 $ 354,172 $ 354,172 $ 354,172 Bayport RV Park 0 94,800 91,824 $ 90,199 $ 90,199 $ 90,199 Launch Fees/Other Marina Fees 76,711 67,361 68,022 $ 75,073 $ 75,073 $ 75,073 Grants 2,101,922 50, ,000 $ 3,802,000 $ 3,802,000 $ 3,802,000 Loan Proceeds 0 0 1,300,000 $ 1,344,000 $ 1,344,000 $ 1,344,000 Interest Earnings 175,057 26,044 26,500 $ 70,058 $ 70,058 $ 70,058 Tenant Capital Reimbursement 5,577, ,318 0 $ 170,000 $ 170,000 $ 170,000 Miscellaneous 3,944, ,450 72,550 $ 57,133 $ 57,133 $ 57,133 Subtotal 15,300,031 5,484,267 6,506,152 $ 10,015,755 $ 10,015,755 $ 10,015,755 Beginning Fund Balance 7,466,226 4,485,485 3,915,079 $ 5,640,539 $ 5,640,539 $ 5,640,539 Fund Total $ 22,766,257 $ 9,969,752 $ 10,421,231 $ 15,656,294 $ 15,656,294 $ 15,656,294 Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services $ 1,508,951 $ 1,331,495 $ 1,546,260 $ 1,715,068 $ 1,715,068 $ 1,715,068 Materials and Services 1,280,543 1,696,392 2,046,908 $ 2,093,879 $ 1,953,879 $ 1,953,879 Capital Outlay 8,453, ,659 4,181,000 $ 7,409,000 $ 7,409,000 $ 7,409,000 Transfers 5,889, $ 0 $ 0 $ 0 Debt Service 1,148, , ,462 $ 466,383 $ 466,383 $ 466,383 Subtotal 18,280,772 4,229,100 8,318,630 $ 11,684,330 $ 11,544,330 $ 11,544,330 Contingency 0 0 2,102,601 $ 3,971,964 $ 4,111,964 $ 4,111,964 Ending Fund Balance 4,485,485 5,740,652 0 $ 0 $ 0 $ 0 Fund Total $ 22,766,257 $ 9,969,752 $ 10,421,231 $ 15,656,294 $ 15,656,294 $ 15,656,294 10

13 Resources Detail Actual Actual Revised Proposed Approved Adopted Resources by Category FY FY FY FY FY FY Property Taxes Current Year's Taxes $ 317,617 $ 336,080 $352,436 $352,436 $352,436 Prior Year's Taxes 31,441 30,550 $27,345 $27,345 $27,345 Total Property Taxes $ 349,058 $ 366,630 $379,781 $379,781 $379,781 Licenses Hangar Rentals $ 271,823 $ 273,414 $290,134 $290,134 $290,134 Slip Rentals 164, ,478 $159,701 $159,701 $159,701 Total Licenses $ 436,341 $ 441,892 $449,835 $449,835 $449,835 Rents and Reimbursements Leases and Permits - Industrial/Commerical Industrial Parks: Columbia City $ 197,857 $ 197,436 $268,464 $268,464 $268,464 McNulty Creek $ 38,628 $ 38,628 $38,628 $38,628 $38,628 Milton Creek $ 170,371 $ 192,936 $153,734 $153,734 $153,734 Multnomah $ 549,078 $ 549,192 $610,248 $610,248 $610,248 Port Westward $ 837,387 $ 994,132 $818,940 $818,940 $818,940 Railroad Corridor $ 21,888 $ 27,624 $27,732 $27,732 $27,732 Scappoose Bay Marine Park $ 30,882 $ 29,204 $32,640 $32,640 $32,640 Scappoose Industrial Airport $ 341,848 $ 358,990 $405,862 $405,862 $405,862 Sub Total Leases/Permits - Industrial /Com $ 2,187,939 $ 2,388,142 $2,356,248 $2,356,248 $2,356,248 Reimbursements Property Taxes $ 75,147 $ 77,401 $97,417 $97,417 $97,417 Miscellaneous $ 48,655 $ 44,696 $12,190 $12,190 $12,190 Property Insurance $ 63,193 $ 81,411 $71,267 $71,267 $71,267 Water and Sewage $ 22,948 $ 23,235 $34,754 $34,754 $34,754 O&M $ 436,383 $ 448,885 $421,611 $421,611 $421,611 Tenant Capital Improvement $ 609,318 $ 350,000 $400,018 $400,018 $400,018 Subtotal Reimbursements $ 1,255,644 $ 1,025,629 $1,037,256 $1,037,256 $1,037,256 Total Rents and Reimbursements $ 3,443,583 $ 3,413,771 $3,393,504 $3,393,504 $3,393,504 Terminal Services Dockage $ 217,980 $ 180,214 $154,981 $154,981 $154,981 Wharfage $ 187,014 $ 151,749 $199,191 $199,191 $199,191 Total Terminal Services $ 404,994 $ 331,963 $354,172 $354,172 $354,172 11

14 Continued from Resources Detail Actual Actual Revised Proposed Approved Adopted Resources by Category FY FY FY FY FY FY Marina/RV Park Campground Sites/Coin Showers $ 94,800 $ 91,824 $90,199 $90,199 $90,199 Launch Permit $ 43,918 $ 45,000 $51,983 $51,983 $51,983 Parking $ 22,117 $ 21,955 $22,390 $22,390 $22,390 Other $ 1,326 $ 1,067 $700 $700 $700 Total Marina/ RV Park $ 162,161 $ 159,846 $165,272 $165,272 $165,272 Grants Federal Grants $ 50,636 $ 370,000 $3,802,000 $3,802,000 $3,802,000 State Grants $ 0 $ 23,000 Total Grants $ 50,636 $ 393,000 $3,802,000 $3,802,000 $3,802,000 Total Loan Proceeds $ 0 $ 1,300,000 $1,344,000 $1,344,000 $1,344,000 Insurance Reimbursement $ 0 $ 15,000 Total Interest Earnings $ 26,044 $ 26,500 $70,058 $70,058 $70,058 Miscellaneous Late Fees $ 10,920 $ 18,450 $16,547 $16,547 $16,547 Promissory Note Interest $ 17,268 $ 21,800 $18,097 $18,097 $18,097 Miscellaneous Income $ 611,450 $ 17,300 $22,489 $22,489 $22,489 Total Miscellaneous $ 639,638 $ 57,550 $57,133 $57,133 $57,133 Subtotal 5,512,455 6,506,152 $10,015,755 $10,015,755 $10,015,755 Beginning Fund Balance 4,457,297 3,915,079 $5,640,539 $5,640,539 $5,640,539 Total All Resources $ 9,969,752 $ 10,421,231 $15,656,294 $15,656,294 $15,656,294 12

15 Department Requirements Detail Administration Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services Full-Time Equivalent Salaries and Wages $ 192,259 $ 213,959 $190,614 $190,614 $190,614 Payroll Taxes 15,002 38,009 $24,838 $24,838 $24,838 Employee Benefits $ 24,352 $ 66,187 $37,164 $37,164 $37,164 Total Personnel Services $ 231,613 $ 318,155 $252,615 $252,615 $252,615 Materials and Services Professional and Contract Services $ 88,459 $ 52,242 $54,332 $54,332 $54,332 IPP Project Reimbursement $ 0 $ 0 Legal Services $ 243,760 $ 172,228 $179,117 $179,117 $179,117 Audit Services $ 0 $ 0 Advertising/Marketing/Promotions $ 1,993 $ 1,030 $1,071 $1,071 $1,071 Property Taxes/Waterway Leases $ 0 $ 0 Insurance $ 0 $ 0 Utilities $ 1,737 $ 2,472 $2,571 $2,571 $2,571 Operating Supplies $ 0 $ 0 Office Supplies $ 7,131 $ 18,561 $14,303 $14,303 $14,303 Postage $ 0 $ 0 Maintenance & Repairs $ 0 $ 0 Minor Equipment Purchase $ 0 $ 0 Vehicle Maintenance $ 0 $ 0 Subscriptions $ 1,668 $ 3,090 $3,214 $3,214 $3,214 Registration, Dues & Fees $ 23,369 $ 31,346 $32,600 $32,600 $32,600 Travel & Training Expenses $ 22,358 $ 19,570 $20,353 $20,353 $20,353 Permits & Fees $ 0 $ 0 Miscellaneous $ 0 $ 0 Total Materials and Services $ 390,475 $ 300,539 $307,561 $307,561 $307,561 Capital Outlay Land $ 0 $ 0 Buildings $ 0 $ 0 Improvements $ 0 $ 0 Machinery and Equipment $ 0 $ 0 Vehicles $ 0 $ 0 Infrastructure $ 0 $ 0 Total Capital Outlay $ 0 $ 0 Debt Service Principal $ 0 $ 0 Interest $ 0 $ 0 Total Debt Service $ 0 $ 0 Total Contingency $ 0 $ 0 Total Ending Fund Balance $ 0 $ 0 Total Budget $ 622,088 $ 618,694 $560,176 $560,176 $560,176 13

16 Department Requirements Detail Business Dev. & Planning Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services Full-Time Equivalent Salaries and Wages $ 161,811 $ 169,165 $199,925 $199,925 $199,925 Payroll Taxes 12,848 22,134 $26,078 $26,078 $26,078 Employee Benefits $ 43,066 $ 50,707 $76,313 $76,313 $76,313 Total Personnel Services $ 217,725 $ 242,006 $302,316 $302,316 $302,316 Materials and Services. Professional Services $ 63,258 $ 105,859 $110,093 $110,093 $110,093 IPP Project Reimbursement $ 0 $ 0 Legal Services $ 0 $ 0 Audit Services $ 0 $ 0 Advertising/Marketing/Promotions $ 17,735 $ 100,000 $144,000 $144,000 $144,000 Property Taxes/Waterway Leases $ 0 $ 0 Insurance $ 0 $ 0 Utilities $ 410 $ 927 $964 $964 $964 Operating Suppplies $ 0 $ 0 Office Supplies $ 926 $ 3,090 $3,214 $3,214 $3,214 Postage $ 0 $ 0 Maintenance & Repairs $ 0 $ 0 Minor Equipment Purchase $ 100 $ 2,060 Vehicle Maintenance $ 0 $ 0 Subscriptions $ 0 $ 0 Registration, Dues & Fees $ 35 $ 2,575 $2,678 $2,678 $2,678 Travel & Training Expenses $ 6,764 $ 5,665 $5,892 $5,892 $5,892 Permits & Fees $ 0 $ 0 Miscellaneous $ 0 $ 0 Total Materials and Services $ 89,228 $ 220,176 $266,841 $266,841 $266,841 Capital Outlay Land $ 0 $ 0 Buildings $ 0 $ 0 Improvements $ 0 $ 0 Machinery and Equipment $ 0 $ 0 Vehicles $ 0 $ 0 Infrastructure $ 0 $ 0 Total Capital Outlay $ 0 $ 0 Debt Service Principal $ 0 $ 0 Interest $ 0 $ 0 Total Debt Service $ 0 $ 0 Total Contingency $ 0 Total Ending Fund Balance $ 0 Total Budget $ 306,953 $ 462,182 $ 569,157 $ 569,157 $ 569,157 14

17 Department Requirements Detail Finance Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services Full-Time Equivalent Salaries and Wages $ 123,213 $ 153, , , ,988 Payroll Taxes 15,590 20,136 23,746 23,746 23,746 Employee Benefits $ 39,366 $ 54,360 71,373 71,373 71,373 Total Personnel Services $ 178,169 $ 228, , , ,107 Materials and Services Professional Services $ 31,590 $ 7,823 18,136 18,136 18,136 IPP Project Reimbursement $ 89,774 $ 261, ,00 Legal Services $ 0 $ 0 Audit Services $ 23,300 $ 23,900 24,856 24,856 24,856 Advertising/Marketing/Promotions $ 869 $ 1,030 1,071 1,071 1,071 Property Taxes/Waterway Leases $ 0 $ 0 Insurance $ 0 $ 0 Utilities $ 0 $ 0 Operating Supplies $ 0 $ 0 Office Supplies $ 2,261 $ 8,652 8,998 8,998 8,998 Postage $ 0 $ 0 3,343 3,343 3,343 Maintenance & Repairs $ 0 $ 0 Minor Equipment Purchase $ 0 $ 0 10,142 10,142 10,142 Vehicle Maintenance $ 0 $ 0 Subscriptions $ 125 $ 0 Registration, Dues & Fees $ 900 $ 1,179 1,226 1,226 1,226 Travel & Training Expenses $ 1,317 $ 5,665 5,892 5,892 5,892 Permits & Fees $ 24,828 $ 21,157 22,003 22,003 22,003 Miscellaneous $ 0 $ 0 Total Materials and Services $ 174,964 $ 331, ,667 95,667 95,667 Capital Outlay Land $ 0 $ 0 Buildings $ 0 $ 0 Improvements $ 0 $ 0 Machinery and Equipment $ 0 $ 0 Vehicles $ 0 $ 0 Infrastructure $ 0 $ 0 Total Capital Outlay $ 0 $ 0 Debt Service Principal $ 0 $ 0 Interest $ 0 $ 0 Total Debt Service $ 0 $ 0 Total Contingency $ 0 $ 0 Total Ending Fund Balance $ 0 $ 0 Total Budget $ 353,133 $ 559,303 $ 512,774 $ 372,774 $ 372,774 15

18 Department Requirements Detail Facilities & Property Management Actual Actual Revised Projected Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY FY Personnel Services Full-Time Equivalent Salaries and Wages $ 312,534 $ 325,265 $ 322,283 $375,676 $375,676 $375,676 Payroll Taxes $ 35,091 $ 42,651 $ 34,692 $52,289 $52,289 $52,289 Employee Benefits $ 119,537 $ 132,884 $ 131,437 $185,792 $185,792 $185,792 Total Personnel Services $ 467,162 $ 500,800 $ 488,412 $613,756 $613,756 $613,756 Materials and Services Professional Services $ 99,161 $ 101,858 $ 110,000 $105,932 $105,932 $105,932 IPP Project Reimbursement $ 0 $ 0 Legal Services $ 0 $ 0 Audit Services $ 0 $ 0 Advertising/Marketing/Promotions $ 709 $ 557 $ 550 $579 $579 $579 Property Taxes/ Water Leases $ 129,503 $ 141,355 $ 142,000 $147,009 $147,009 $147,009 Insurance $ 192,166 $ 190,994 $ 195,000 $208,634 $208,634 $208,634 Utilities $ 146,177 $ 143,608 $ 144,000 $149,352 $149,352 $149,352 Operating Supplies $ 23,185 $ 24,720 $ 24,500 $25,709 $25,709 $25,709 Office Supplies $ 1,870 $ 3,090 $ 3,000 $3,214 $3,214 $3,214 Postage $ 3,218 $ 3,214 $ 3,500 Maintenance & Repairs $ 105,358 $ 93,827 $ 98,500 $122,580 $122,580 $122,580 Minor Equipment Purchase $ 20,558 $ 18,231 $ 17,000 $18,960 $18,960 $18,960 Vehicle Maintenance $ 8,115 $ 15,862 $ 12,000 $16,496 $16,496 $16,496 Subscriptions $ 0 $ 0 $ 0 Registration, Dues & Fees $ 920 $ 2,575 $ 2,500 $2,678 $2,678 $2,678 Travel & Training Expenses $ 4,568 $ 8,755 $ 8,755 $9,105 $9,105 $9,105 Permits & Fees $ 20,581 $ 10,066 $ 10,000 $10,469 $10,469 $10,469 Miscellaneous $ 0 $ 0 $ 0 Total Materials and Services $ 756,089 $ 758,712 $ 771,305 $820,717 $820,717 $820,717 Capital Outlay Land $ 0 $ 0 $ 0 Buildings $ 430,152 $ 2,250,000 $ 890,000 $1,675,000 $1,675,000 $1,675,000 Improvements $ 170,507 $ 1,081,000 $ 275,000 $4,634,000 $4,634,000 $4,634,000 Machinery and Equipment $ 0 $ 0 $ 0 Vehicles $ 0 $ 0 $ 0 $20,000 $20,000 $20,000 Infrastructure $ 0 $ 505,000 $ 350,000 $530,000 $530,000 $530,000 Total Capital Outlay $ 600,659 $ 3,836,000 $ 1,515,000 $6,859,000 $6,859,000 $6,859,000 Debt Service Principal $ 0 $ 0 $ 0 Interest $ 0 $ 0 $ 0 Total Debt Service $ 0 $ 0 $ 0 Total Contingency $ 0 $ 0 $ 0 Total Ending Fund Balance $ 0 $ 0 $ 0 Total Budget $ 1,823,910 $ 5,095,512 $ 2,774,717 $8,293,473 $8,293,473 $8,293,473 16

19 Department Requirements Detail Terminal Services Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services Full-Time Equivalent Salaries and Wages $ 141,497 $ 144,799 $152,153 $152,153 $152,153 Payroll Taxes 11,305 18,954 $19,838 $19,838 $19,838 Employee Benefits $ 61,542 $ 70,814 $74,672 $74,672 $74,672 Total Personnel Services $ 214,344 $ 234,567 $246,664 $246,664 $246,664 Materials and Services Professional Services $ 6,600 $ 5,150 $5,356 $5,356 $5,356 IPP Project Reimbursement $ 0 $ 0 Legal Services $ 0 $ 0 Audit Services $ 0 $ 0 Advertising/Marketing/Promotions $ 0 $ 0 Property Taxes/Waterway Leases $ 0 $ 0 Insurance $ 0 $ 0 Utilities $ 823 $ 1,854 $1,928 $1,928 $1,928 Operating Supplies $ 835 $ 6,695 $6,963 $6,963 $6,963 Office Supplies $ 0 $ 0 Postage $ 0 $ 0 Maintenance & Repairs $ 200,888 $ 361,983 $376,462 $376,462 $376,462 Minor Equipment Purchase $ 0 $ 0 Vehicle Maintenance $ 0 $ 0 Subscriptions $ 0 $ 0 Registration, Dues & Fees $ 1,790 $ 2,701 $2,809 $2,809 $2,809 Travel & Training Expenses $ 7,547 $ 5,665 $5,892 $5,892 $5,892 Permits & Fees $ 24,860 $ 22,897 $23,813 $23,813 $23,813 Miscellaneous $ 0 $ 0 Total Materials and Services $ 243,343 $ 406,945 $423,223 $423,223 $423,223 Capital Outlay Land $ 0 $ 0 Buildings $ 0 $ 20,000 Improvements $ 0 $ 300,000 $525,000 $525,000 $525,000 Machinery and Equipment $ 0 $ 0 Vehicles $ 0 $ 0 Infrastructure $ 0 $ 25,000 $25,000 $25,000 $25,000 Total Capital Outlay $ 0 $ 345,000 $550,000 $550,000 $550,000 Debt Service Principal $ 0 $ 0 Interest $ 0 $ 0 Total Debt Service $ 0 $ 0 Total Contingency $ 0 Total Ending Fund Balance $ 0 Total Budget $ 457,687 $ 986,512 $ 1,219,887 $ 1,219,887 $ 1,219,887 17

20 Department Requirements Detail Nondepartmental Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services Salaries and Wages $ 20,800 $ 20,000 $20,000 $20,000 $20,000 Payroll Taxes 1,682 2,610 $2,610 $2,610 $2,610 Employee Benefits $ 0 $ 0 Total Personnel Services $ 22,482 $ 22,610 $22,610 $22,610 $22,610 Materials and Services Professional Services $ 0 $ 0 Intergovernmental Support/Services $ 0 $ 0 Legal Services $ 0 $ 0 Audit Services $ 0 $ 0 Advertising/Marketing/Promotions $ 0 $ 0 Property Taxes/Waterway Leases $ 0 $ 0 Insurance $ 0 $ 0 Utilities $ 0 $ 0 Operating Supplies $ 0 $ 0 Office Supplies $ 8,250 $ 0 $9,315 $9,315 $9,315 Postage $ 0 $ 0 Maintenance & Repairs $ 0 $ 0 Minor Equipment Purchase $ 0 $ 0 Vehicle Maintenance $ 0 $ 0 Subscriptions $ 0 $ 0 Registration, Dues & Fees $ 3,064 $ 2,575 $2,704 $2,704 $2,704 Travel & Training Expenses $ 30,979 $ 26,780 $27,851 $27,851 $27,851 Permits & Fees $ 0 $ 0 Miscellaneous $ 0 $ 0 Total Materials and Services $ 42,293 $ 29,355 $39,870 $39,870 $39,870 Capital Outlay Land $ 0 $ 0 Buildings $ 0 $ 0 Improvements $ 0 $ 0 Machinery and Equipment $ 0 $ 0 Vehicles $ 0 $ 0 Infrastructure $ 0 $ 0 Total Capital Outlay $ 0 $ 0 Debt Service Principal $ 329,570 $ 312,364 $261,734 $261,734 $261,734 Interest $ 270,984 $ 232,098 $204,649 $204,649 $204,649 Total Debt Service $ 600,554 $ 544,462 $466,383 $466,383 $466,383 Total Contingency $ 0 $ 2,102,601 $3,971,964 $4,111,964 $4,111,964 Total Ending Fund Balance $ 0 $ 0 Total Budget $ 665,329 $ 2,699,028 $ 4,500,827 $ 4,640,827 $ 4,640,827 18

21 Department Requirements Detail All Departments Actual Actual Revised Proposed Approved Adopted Expenditures by Category FY FY FY FY FY FY Personnel Services Full-Time Equivalent Salaries and Wages $ 0 $ 952,114 $ 1,026,814 $ 1,120,356 $ 1,120,356 $ 1,120,356 Payroll Taxes $ 0 $ 175,964 $ 144,494 $ 149,398 $ 149,398 $ 149,398 Employee Benefits $ 0 $ 287,863 $ 374,951 $ 445,313 $ 445,313 $ 445,313 Total Personnel Services $ 0 $ 1,331,495 $ 1,546,259 $ 1,715,068 $ 1,715,068 $ 1,715,068 Materials and Services Professional and Contract Services $ 0 $ 289,068 $ 272,932 $ 293,849 $ 293,849 $ 293,849 IPP Project Reimbursement $ 0 $ 89,774 $ 261,775 $ 140,000 $ 0 $ 0 Legal Services $ 0 $ 243,760 $ 172,228 $ 179,117 $ 179,117 $ 179,117 Audit Services $ 0 $ 23,300 $ 23,900 $ 24,856 $ 24,856 $ 24,856 Advertising/Marketing/Promotions $ 0 $ 21,306 $ 102,617 $ 146,721 $ 146,721 $ 146,721 Property Taxes/Waterway Leases $ 0 $ 129,503 $ 141,355 $ 147,009 $ 147,009 $ 147,009 Insurance $ 0 $ 192,166 $ 190,994 $ 208,634 $ 208,634 $ 208,634 Utilities $ 0 $ 149,147 $ 148,861 $ 154,815 $ 154,815 $ 154,815 Operating Supplies $ 0 $ 24,020 $ 31,415 $ 32,672 $ 32,672 $ 32,672 Office Supplies $ 0 $ 20,438 $ 33,393 $ 39,044 $ 39,044 $ 39,044 Postage $ 0 $ 3,218 $ 3,214 $ 3,343 $ 3,343 $ 3,343 Maintenance & Repairs $ 0 $ 306,246 $ 455,810 $ 499,042 $ 499,042 $ 499,042 Minor Equipment Purchase $ 0 $ 20,658 $ 20,291 $ 29,102 $ 29,102 $ 29,102 Vehicle Maintenance $ 0 $ 8,115 $ 15,862 $ 16,496 $ 16,496 $ 16,496 Subscriptions $ 0 $ 1,793 $ 3,090 $ 3,214 $ 3,214 $ 3,214 Registration, Dues & Fees $ 0 $ 30,078 $ 42,951 $ 44,695 $ 44,695 $ 44,695 Travel & Training Expenses $ 0 $ 73,533 $ 72,100 $ 74,985 $ 74,985 $ 74,985 Permits & Fees $ 0 $ 70,269 $ 54,120 $ 56,285 $ 56,285 $ 56,285 Miscellaneous $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total Materials and Services $ 0 $ 1,696,392 $ 2,046,908 $ 2,093,879 $ 1,953,879 $ 1,953,879 Capital Outlay Land $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Buildings $ 0 $ 430,152 $ 2,270,000 $ 1,675,000 $ 1,675,000 $ 1,675,000 Improvements $ 0 $ 170,507 $ 1,381,000 $ 5,159,000 $ 5,159,000 $ 5,159,000 Machinery and Equipment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Vehicles $ 0 $ 0 $ 0 $ 20,000 $ 20,000 $ 20,000 Infrastructure $ 0 $ 0 $ 530,000 $ 555,000 $ 555,000 $ 555,000 Total Capital Outlay $ 0 $ 600,659 $ 4,181,000 $ 7,409,000 $ 7,409,000 $ 7,409,000 Debt Service Principal $ 0 $ 329,570 $ 312,364 $ 261,734 $ 261,734 $ 261,734 Interest $ 0 $ 270,984 $ 232,098 $ 204,649 $ 204,649 $ 204,649 Total Debt Service $ 0 $ 600,554 $ 544,462 $ 466,383 $ 466,383 $ 466,383 Total Contingency $ 0 $ 0 $ 2,102,601 $ 3,971,964 $ 4,111,964 $ 4,111,964 Total Ending Fund Balance $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total Budget $ 0 $ 4,229,100 $ 10,421,231 $ 15,656,294 $ 15,656,294 $ 15,656,294 19

22 Revenue General Fund CLOSED FUNDS Actual Category FY Resources Fund balances beginning $ 6,233,776 Property taxes 334,990 Interest 172,939 Other: Grants 3,775 Debt reimbursements 426,698 Miscellaneous 28,180 Transfers in 3,189,884 Total resources $ 10,390,242 Requirements Personnel services $ 1,508,951 Materials and services 1,280,543 Transfers out 2,707,900 Contingency 0 Debt service 628,054 Fund balances ending 4,264,794 Total requirements $ 10,390,242 Resources Rents and reimbursements $ 2,582,425 Dockage and wharfage 121,860 Launch fees 76,711 Other: Operations and maint. 385,002 Miscellaneous 15,500 Total resources $ 3,181,498 Requirements Transfers out 3,181,498 Total requirements $ 3,181,498 20

23 Capital Improvement Bond Fund Continued from Closed Funds CLOSED FUNDS Actual Category FY Resources Fund balances beginning $ 524,712 Interest 1,076 Transfers in 26,609 Total resources $ 552,397 Requirements Debt service $ 520,432 Transfers out 0 Contingency 0 Fund balances ending 31,965 Total requirements $ 552,397 Resources Fund balances beginning $ 707,738 Interest 1,042 Other: Grants 2,098,147 Capital reimbursements 3,089,469 Transfers in 2,745,724 Loans issued 0 Sale of capital asset 0 Total resources $ 8,642,120 Requirements Materials and services $ 0 Capital outlay 8,453,394 Contingency 0 Fund balances ending 188,726 Total requirements $ 8,642,120 Total of all Funds $22,766,257 21

24 Notes Capital Projects Fiscal years 2017 through 2021 Resolution Proposed Project Number Amount FY CBC School renovation/roof $ 60,000 2 Bldg Improvement/Evaluation $ 40,000 2 $ 100,000 Columbia City Trestle Beach improvements $50,000 1 Rail Improvement-FEO $25,000 1 $75,000 McNulty Creek Engineering for Campus Bldg 50,000 2 Mitigation/Certification 15, ,000 Milton Creek 400 Port Ave (new) engineering/construction 30, ,000 Multnomah Rail Extension 100,000 2 Composite Bldg E 1,425,000 2 Shop Building 250, ,775,000 Port Westward Fire Supression System Study/upgrade 250,000 2 Dock improvements 150,000 2 Gate Building/Hermo Road 150, ,000 RR Ave SB Marine Park SIA West/East side Infrastructure -Water/Sewer 430,000 2 Taxiway B Relocate - Construction Phase III 4,144,000 4 Taxiway B Relocate - Design/Eng Phase II 100,000 4 Gate Replacement 20, ,694,000 ADM Stragetic Business Plan update 50,000 1 Document Retention/GIS System 50,000 1 Port Vehicle for PWW 20, ,000 Total projects $ 7,409,000 Notes: 1 These items under capitalization threshold or in R&M 2 Part of captialized project 3 Reimbursement estimate of $120,000 from tenant. 4 Port will apply for FAA grants - $3,782,000 22

25 Notes Debt Service Final Balance at Budget Category Interest Payment July 1, 2018 FY Active Debt service Loans RV Park ,963 16,210 Milton Creek ,441 13,593 Rail improvements ,177, ,018 1 SIA T-hangar bldg ,349 18,984 Oregon Aero Building ,029,003 94,980 Mult. Bldg. B improv ,000 10,364 2 RainShadow Labs ,000 11,870 3 Planned Loans Mutlnomah Composite Bldg E 1,000,000 70,364 4 SIA Built to Suit 4.00 varies Total requirements $ 4,665,017 $ 466,383 Notes: 1 Reimbursement from tenant. 2 Estimated debt authorized by the board and resolution No adopted. 3 Estimated debt authorized by the board and resolution No adopted. Estimated debt 4 Building currently underconstruction loan not finalized 5 Project on hold not in budget 23

26 Port of St. Helens Assessed Value and Revenue Estimate Worksheet Property Type Net Estimated Assessed Value for City Residential $ 1,547,899,104 Commercial & Industrial 329,607,953 Multi-Family 42,126,423 Odd Lot 155,300 Personal MS 35,726,366 Pers Business 90,222,318 Recreational 613,100 Rural Residential 1,625,438,923 Specially Assessed 56,045,337 State Industrial and M-E 358,940,464 Utility 798,001,710 Total Assessed Value $ 4,884,776,998 Total Value of Exemptions $ 363,302,302 Total New Value $ 90,014,230 Total Other Adjustments $ 16,499,460 Less Urban Renewal Excess Value: $ 298,312,579 Net Assessed Value for Tax Revenue $ 4,329,675,807 Tax Rate: Measure 5 Compression $ 1,555 Revenue Estimate $ 382,054 Less Discounts and Delinquencies 7.5% $ 28,654 Current Years Taxes FY $ 353,400 *3% Discount allowed if property taxes paid by Nov. 15 2% Discount if 2/3 is paid 24

27 Board of Commissioners Executive Director Programs: Administration Business Development & Planning Finance Facilities & Property Management Terminal Services Dual Functional Responsibility Deputy Executive Director Business Development Executive Finance Manager Property & Operations Manager Terminal Manager Planner Executive Assist. & Office Coordinator Senior Accounting/ Payroll Property & Operations Assistant Facilities Maintenance Supervisor Public Relations PT Administrative Assistant Public Facilities Representativ Facilities Maintenance Specialist Facilities Maintenance Specialist Facilities Maintenance Specialist 25

28 PORT OF ST. HELENS COMMISSION Port of St. Helens Commissioners are elected by Port District residents and serve a four-year term. Position Name Title Term of Office Position 1 Paulette Lichatowich Treasurer Position 2 Mike Avent President Position 3 Larry Ericksen 2 nd Vice President Position 4 Robert Keyser Secretary Position 5 Chris Iverson Vice President Budget Committee members consist of the Port Commissioners and an equal number of citizens appointed by the Commission to serve three-year terms. Current appointed members include: Position Name Term of Office Position 1 John Moore Position 2 Brian Little Position 3 David Douthwaite Position 4 Martin Baldwin Position 5 Dan Garrison

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