Canaveral Port Authority Proposed Operating Budget For the year ending September 30, 2016

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1 Operating Revenues Ship Activity FY2016 FY2016 Wharfage $ 51,584,200 $ (1,900,200) $ 49,684,000 Dockage 6,227, ,300 6,400,500 Parking 16,148,100 16,148,100 Line handling 1,039,100 17,400 1,056,500 Water 1,172, ,173,200 Terminal/crane operations 800,000 (600,000) 200,000 Total Ship Activity 76,971,300 (2,309,000) 74,662,300 Land Leasing Land leases-tenants 5,958,700 5,958,700 Land leases-cove developer 225,000 (225,000) - Total Land Leasing 6,183,700 (225,000) 5,958,700 Jetty Park Camping 1,620,000 1,620,000 Recreational parking 655, ,000 Camp store & laundry 187, ,900 Other recreational 61,000 61,000 Concessions 50,300 50,300 Total Jetty Park 2,574,200-2,574,200 Exploration Tower Entry fees & annual passes, net 224, ,000 Café & gift shop 104, ,000 Special event rentals 166, ,500 Total Exploration Tower 494, ,500 Other Fire training facility 187, ,400 Permits & licenses 194, ,000 Badging 96,000 96,000 Commercial Vehicle 817, ,000 Rental cars - - Miscellaneous 292, , ,800 Total Other 1,587, ,000 1,887,200 Total Operating Revenues 87,810,900 (2,234,000) 85,576,900 Non-Operating Revenues Interest income 50,000 50,000 Income from grant administration 301, ,000 Total Non-Operating Revenues 351, ,000 TOTAL REVENUES $ 88,161,900 $ (2,234,000) $ 85,927,900

2 Operating Expenses Operations FY2016 FY2016 Salaries $ 2,256,500 $ (74,900) $ 2,181,600 Employee benefits 1,385,800 (50,500) 1,335,300 Service contracts 1,618,200 1,618,200 Utilities 18,000 18,000 Cruise terminal maint. 324, ,500 Maintenance and supplies 165, ,100 Fuel 175, ,500 Promotions/marketing - 783, ,400 Travel 31,200 31,200 Other 821,000 (783,400) 37,600 Total Operations 6,795,800 (125,400) 6,670,400 Facilities Salaries 2,691,500 $ (287,100) 2,404,400 Employee benefits 2,080,000 (166,800) 1,913,200 Service contracts 1,086,700 1,086,700 Utilities 3,480,850 3,480,850 Maintenance and supplies 940, ,800 Fleet maintenance 10,000 10,000 Fuel 144, ,350 Travel 10,700 10,700 Other 49,800 49,800 Total Facilities 10,494,700 (453,900) 10,040,800 Public Safety Salaries 449, ,600 Employee benefits 271,800 11, ,200 Fire protection 2,158,150 2,158,150 Police protection 4,250,000 1,248,400 5,498,400 Badging 6,000 6,000 Maintenance and supplies 16,000 16,000 Communication services 10,000 10,000 Security-special events 5,000 5,000 Travel Other 45,150 45,150 Total Public Safety 7,211,950 1,259,800 8,471,750 Parks & Recreation Salaries 622,100 (45,800) 576,300 Employee benefits 466,800 (23,250) 443,550 Service contracts 183, ,500 Utilities 282, ,700 Maintenance and supplies 13,800 13,800 Camp store merchandise 52,000 52,000 Other 77,500 77,500 Total Parks & Recreation $ 1,698,400 $ (69,050) $ 1,629,350

3 Exploration Tower FY2016 FY2016 Salaries $ 363,000 $ 363,000 Employee benefits 224,000 11, ,400 Service contracts 13,000 13,000 Café & gift shop merchandise 55,500 55,500 Utilities 106, ,400 Exhibit fees 33,000 33,000 Maintenance and supplies 16,300 16,300 Office 1,600 1,600 Promotions 4,200 4,200 Advertising 50,000 50,000 Travel 2,400 2,400 Other expenses 2,200 2,200 Total Exploration Tower 871,600 11, ,000 Fire Training Facility Service contracts 72,300 72,300 Utilities 31,900 31,900 Insurance 40,000 40,000 Maintenance and supplies 85,500 85,500 Other 1,500 1,500 Total Fire Training Facility 231, ,200 Commission Salaries - commissioners 56,100 (3,000) 53,100 Salaries - administrative 58,500 58,500 Employee benefits 121,700 (3,500) 118,200 Legal 45,000 45,000 Office expense 14,050 14,050 Promotions 7,500 7,500 Travel-staff 2,200 2,200 Commissioners travel & exp. 40,000 40,000 Education & seminars 1,200 1,200 Total Commission 346,250 (6,500) 339,750 Executive Salaries - administrative 837,300 5, ,450 Employee benefits 324,100 12, ,450 Legal 260, ,000 Office expense 205, ,500 Planning and studies 25,000 25,000 Fraud hotline 2,000 2,000 Travel 34,000 (4,000) 30,000 State legislative consultant 65,000 65,000 Federal legislative consultant 96,000 96,000 Education & seminars 11,000 (2,000) 9,000 Total Executive $ 1,859,900 $ 11,500 $ 1,871,400 Finance & Accounting Salaries $ 777,300 $ 777,300 Employee benefits 345,200 14, ,800 Office expense 87,950 87,950 Computer support and training 258, ,500 Travel 6,500 6,500 Education & seminars 8,750 8,750 Accounting and auditing 150, ,000 Total Finance & Accounting 1,634,200 14,600 1,648,800

4 FY2016 FY2016 Administrative Services Salaries 1,077,100 1,077,100 Employee benefits 550,700 26, ,750 Legal 50,000 50,000 Insurance 2,458,000 2,458,000 Office expense 142, ,750 Computer support and training 755,150 (11,000) 744,150 Personnel training and recruiting 64,400 64,400 Travel 11,150 11,150 Education & seminars 7,550 7,550 Total Administrative Services 5,116,800 15,050 5,131,850 Engineering & Environmental Salaries 1,120,000 $ (69,000) 1,051,000 Employee benefits 458,300 (16,200) 442,100 Office expense 230, ,300 Travel 28,100 28,100 Education & seminars 19,950 19,950 Engineering - general 297,200 (47,200) 250,000 Engineering - environmental 446, ,750 Total Engineering & Environmental 2,600,600 (132,400) 2,468,200 Business Development Salaries 497, ,800 Employee benefits 199,400 8, ,550 Advertising 496,000 (96,000) 400,000 Trade development 719, ,650 FTZ development 21,850 21,850 Travel 183,500 (13,500) 170,000 Total Business Development 2,118,200 (101,350) 2,016,850 Tenant & Property Development Salaries 248,200 (51,500) 196,700 Employee benefits 104,400 (25,950) 78,450 Office expense 21,300 21,300 Land use planning 122, ,000 Lease administration & preparation 294, , ,450 Advertising 125,000 (35,000) 90,000 Travel 30,700 (10,700) 20,000 Total Tenant & Property Dev. $ 946,050 $ 276,850 $ 1,222,900 Communications Salaries $ 232,100 $ 232,100 Employee benefits 133,000 6, ,500 Office expense 10,400 10,400 Promotions 201,100 (50,000) 151,100 Publications 203,500 (50,000) 153,500 Electronic media 73,000 73,000 Advertising 80,000 (10,000) 70,000 Travel 9,500 9,500 Total Communications 942,600 (103,500) 839,100 Total Operating Expenses Before Amortization and Depreciation $ 42,868,250 $ 597,100 $ 43,465,350

5 Amortization FY2016 FY2016 Maintenance dredging $ 1,368,600 $ 1,368,600 Computer software 101, ,100 Cruise master plan 103, ,600 Total Amortization 1,573,300-1,573,300 Depreciation 31,000,000 31,000,000 Total Operating Expenses 75,441, ,100 76,038,650 Net Operating Income 12,369,350 (2,831,100) 9,538,250 Non-operating expenses Amortization of bond discounts 189, ,900 Commissions and fees 80,500 80,500 Interest 6,370,150 6,370,150 Grant administration fees 100, ,000 Total Non-operating expenses 6,740,550-6,740,550 Net non-operating deficit (6,389,550) - (6,389,550) TOTAL REVENUES 88,161,900 (2,234,000) 85,927,900 TOTAL EXPENSES 82,182, ,100 82,779,200 ADDITION TO NET POSITION FOR DEBT REDUCTION AND PORT DEVELOPMENT $ 5,979,800 $ (2,831,100) $ 3,148,700

6 FY2016 FY2016 Ship related revenue Cruise operations $ 68,149,400 $ 68,149,400 Cargo operations 8,821,900 $ (2,309,000) 6,512,900 Total ship related 76,971,300 (2,309,000) 74,662,300 Non-ship related Land leasing 6,183,700 (225,000) 5,958,700 Park operations 2,574,200-2,574,200 Fire training facility 187, ,400 Exploration Tower 494, ,500 Commercial vehicle 817, ,000 Rental cars Badging, permits, etc. 582, , ,800 Total non-ship related 10,839,600 75,000 10,914,600 TOTAL OPERATING REVENUES 87,810,900 (2,234,000) 85,576,900 TOTAL OPERATING EXPENSES 75,441, ,100 76,038,650 OPERATING INCOME 12,369,350 (2,831,100) 9,538,250 NON-OPERATING INCOME (EXPENSE) (6,389,550) - (6,389,550) ADDITION TO NET POSITION FOR DEBT REDUCTION AND PORT DEVELOPMENT $ 5,979,800 $ (2,831,100) $ 3,148,700