Item No.:                    6d_Supp 
Meeting Date:          November 10, 2015 
Port of Seattle 
2016 Preliminary Budget 
First Reading & Public Hearing 
November 10, 2015

Outline 
2016 Budget Process Recap 
2016 Budget Highlights 
Northwest Seaport Alliance 
Storm Water Utility 
Changes made after publishing the preliminary budget document 
Proposed 2016 Operating Budget 
Proposed 2016 Comprehensive Op & Non-Op Budget 
Proposed 2016 FTEs Summary 
Proposed 2016-2020 Capital Budget 
Proposed 2016 Sources and Uses of Funds 
Proposed 2016 Tax Levy 
Remaining 2016 Budget Schedule 
Appendix 

2

2016 Budget Process 
May 12    2016 Business Plan and Budget Process Briefing 
May 26   2016 Aviation Division Business Plan Discussion 
Jul. 9      2016 Maritime Division Business Plans Discussion 
Sept. 8     2016 Economic Development Division Business Plan Discussion 
Sept. 8     2016 Key Budget Assumptions Briefing 
Sept. 22   2016 Corporate Budget Briefing 
Oct. 13    2016 Operating Division Budgets Briefing 
Oct. 20    Preliminary Budget Document to the Commission 
Oct. 22    Preliminary Budget released to the Public 
Oct. 27    Preliminary Tax Levy and Draft Plan of Finance Briefing 
Nov. 10    First Reading & Public Hearing of the Preliminary Budget 
Nov. 24    Second Reading & Final Passage of the Preliminary Budget 
Dec. 3     File Statutory Budget with King County 
Dec. 11    Release the Final Budget and Draft Plan of Finance 

A long and challenging budget process this year due to re-org and the new NWSA. 
3

2016 Budget Highlights 
Operating revenues are budgeted at $584.6M, $32.9M or 6.0% higher
than 2015 budget 
Operating expenses are budgeted at $335.9M, $3.0M or 0.9%
increase from 2015 budget (largely due to transfer of some expenses
to the NWSA) 
Net Operating Income is budgeted at $248.7M, $29.9M or 13.7%
above 2015 budget 
The 2016 capital budget is $408.4M and the 5-year capital spending
plan is $2.2 billion 
The proposed tax levy for 2016 is $73.0M, flat for 5 consecutive years 

The 2016 budget reflects strong growth and continued investments for the region. 
4

Northwest Seaport Alliance 
The newly formed NWSA is a separate legal entity that functions as a
joint venture between the Ports of Seattle and Tacoma 
The Ports have licensed certain cargo-related assets to the Alliance to
manage on their behalf; the Alliance is governed by Managing Members
consisting of the two Port Commissions 
The ports retain ownership of the underlying assets and share equally
in the distribution of net revenue from the Alliance 
For 2016, operating revenues and expenses associated with the
licensed assets are included in the Alliance budget; expenses include
direct costs as well as those associated with administrative and other
support services provided by the home ports to the Alliance under
service agreements 
Capital improvement projects associated with licensed assets are
jointly funded by the two ports and are also included in the Alliance
budget 
Alliance revenues and expenses and capital projects are not included in
the Port's budget; the Port's 50% share of net distributable revenue
from the Alliance is included as a separate operating revenue line item 
5

NWSA Accounting Model 
The Alliance will be accounted for as a Joint Venture under GASB
14 
The Alliance will have standalone financial statements, and each
port's income statement will be adjusted to reflect participation
in the Alliance 
Revenues and expenses associated with Alliance assets are
transferred from the home port's books to the Alliance 
The Alliance's net revenue is distributed equally to the Port's and
recognized as operating revenue 
The appendix includes a simplified example using illustrative
numbers as well as a diagram of Alliance cash flows 

The Port's financial statements will be modified as a result of the NWSA. 
6

2016 NWSA Budget 
2016      Port of Seattle Support Service Charges
($ in' 000s)                               Budget      (included in NWSA expenses)
Operating Revenues                            Corporate/Capital Development       5,283 
Container                         134,573    Maritime                      4,496 
Non-Container                      47,731   Economic Development             497
Real Estate                           10,492    Aviation                          28
Other                               95             Total              10,305
Total Revenues                       192,891 
Operating Expenses 
Direct 
Container                          20,378
Non-Container                      23,015
Real Estate                             937 
Other                            17,520
Total Direct                             61,850 
Administrative                        19,707
Security                               4,410 
Environmental                       2,694 
Total Operating Expenses                  88,661 
Net Operating Revenue Over Expense         104,230 
Depreciation                          571 
Net Distributable Revenue                 103,659 
50 % Share                           51,830 
Distributable Revenue is split and booked as Operating Revenue at each home port. 
7

New Storm Water Utility 
Starting in 2016, the budget reflects the formation of the new
Storm Water Utility 
In prior years, external fees were charged as utility expense on a
proportionate basis to the Seaport and RE divisions 
Tenants on leased properties were billed for their share; these
were reflected as operating revenue by the divisions 


The treatment of storm water revenues and expenses are changing with full
implementation of the new utility. 
8

New Storm Water Utility 
Starting in 2016, the Utility will be treated as a separate division 
The Utility will bill tenants directly and also charge Maritime,
EDD and the NWSA for unleased propertiestotal revenues
collected will match those that would have been paid externally 
The Utility will have its own O&M expense and capital
expenditures 
Since a portion of the revenues reflect internal charges to
Maritime and EDD, these are eliminated from the Port Wide
revenue roll up 

New Storm Water Utility drives a change in budgeting. 
9

Storm Water Budget Comparison 
($ in '000s)
Previous Budget Treatment
Real
2015     Seaport  Estate   Total
Utility Revenues     2,457     156       2,613 Direct Tenant Billings
Utility Expense      3,328     836       4,164 External Fees
New Budget Treatment
Tenant
2016     Billings Maritime  EDD   NWSA   Total
Utility Revenues*    2,536     359        378       1,044   4,317
O&M Expense                           2,495
NOI                             1,822
*recognized as expense by divisions and NWSA
Portwide Revenue Adjustment
Revenues        4,317
Eliminations         (737) Charges to Maritime and EDD
Adjusted Revenues   3,580

External utility fees cease but total revenues are similar. 
10

Storm Water Utility Budget Detail 
2016
$'s Thousands                 Budget  Assumptions
Revenues
Sales of Utilities - Surface Water       $4,317.0 12 months revenue
Total Revenues               4,317.0
Expenses
Salaries & Benefits                  136.0 1 FTE to be hired in Q4 2015
Supplies & Stock                    1.1
Travel & Other Employee Expenses        5.4
Telecommunications                 1.0
Outside Services                  293.0
Wages & Benefits                 854.4 Stormwater line assessments
Maintenance Materials               150.8 Stormwater line assessments
Overhead Allocations                513.2
Utility Tax (to City)                     473.1 11% of revenue
B&O Taxes                   66.8 1.5% of revenue.
Operating Expenses            2,494.7
Net Operating Income Before Depr   $1,822.2 For use for current and future capital projects.

Capital Budget
2016   2017   2018   2019   2020   2016-20
Upgrade Stormwater Lines      $0   $1,815   $2,954   $3,179   $3,418  $11,366
Total                    0   1,815   2,954   3,179   3,418  11,366

11

Budget Changes Since 10/22/15 
Aviation division revised the enplanement forecast for 2016 
Higher enplanement forecast resulted in higher non-aeronautical
revenues, higher credit card fee & B&O taxes, and higher PFCs 
Moved a $65K budget entry for SWU from EDD to Maritime division 
Economic Development division added one additional FTE and
increased the budget for Real Estate Development and Planning
($554K) 
Legal Department removed an duplicate outside legal expense item
budgeted for the NWSA ($102K) 
Commission Office added $45K to the preliminary budget 

The 2016 budget reflects strong growth and continued investments for the region. 
12

2016 Operating Budget 
2014    2015    2015    2016   Budget Change
($ in '000s)                        Actual    Budget  Forecast    Budget       $ %
Operating Revenues
Aeronautical                 228,864   242,352   232,534   261,078  18,725   7.7%
SLOA III Incentive Adj.              -3,576    -3,576    -3,576    -3,576      0   0.0%
Non-Aeronautical             180,791  188,465  194,832  208,323  19,857  10.5%
Aviation                      406,079   427,242   423,790   465,824  38,583   9.0%
Maritime                    43,790   47,264   44,864   49,314   2,050   4.3%
Economic Development           16,267   16,108   17,029   13,745  -2,363  -14.7%
Licensed NWSA Assets             68,413   60,812   66,712      0  -60,812 -100.0%
NWSA Distribution Revenue             0      0      0   51,829  51,829   N/A
Other                        389     340    3,159    3,926   3,586 1056.0%
Total                        534,938   551,766   555,554   584,638  32,872   6.0%
Operating Expenses
Aviation                      230,704   248,141   239,564   268,296  20,155   8.1%
Maritime                    31,854   36,683   34,661   42,272   5,588  15.2%
Economic Development           23,546   21,188   20,078   23,114   1,925   9.1%
Licensed NWSA Assets             22,840   26,562   27,262     121  -26,441  -99.5%
Other                        389     340    2,040    2,103   1,764 519.4%
Total                        309,334   332,914   323,605   335,905   2,992   0.9%
Net Operating Income             225,605  218,852  231,949  248,733  29,881  13.7%
NOI in the proposed 2016 budget is $29.9M or 13.7% higher than 2015 budget. 
13

Changes from the Preliminary Budget Document 
Preliminary  Proposed    Change
($ in '000s)                   Budget Doc    Budget      $ % Note
Operating Revenues
Aeronautical               261,446   261,078   -368  -0.1% Due to higher non-aero revenues sharing.
SLOA III Incentive Adj.            -3,576     -3,576      0   0.0%
Non-Aeronautical            206,744   208,323   1,579   0.8% Due to higher enplanements forecast.
Aviation                     464,614   465,824   1,211   0.3%
Maritime                   49,314    49,314     0   0.0%
Economic Development          13,745    13,745     0   0.0%
NWSA Distribution Revenue        51,829    51,829     0   0.0%
Other                     3,926    3,926     0   0.0%
Total                      583,427   584,638   1,211   0.2%
Operating Expenses
Aviation                     268,229   268,296     66   0.0% Increases in B&O taxes and Corp allocation.
Maritime                   42,202    42,272    69   0.2% Adjusted SWU costs and Corp allocation.
Economic Development          22,623    23,114    491   2.2% One FTE and add'l budget for RE Dev & Planning.
Licensed NWSA Assets             223      121   -102  -45.9% Removed a duplicated outside legal expense item.
Other                     2,103    2,103     0   0.0%
Total                      335,381   335,905    525   0.2%
Net Operating Income            248,047   248,733    686   0.3%

The net change is a $686K increase in NOI compared to the Preliminary Budget. 
14

2016 Comprehensive Budget Summary 
2014    2015    2016   Budget Change
($ in '000s)                        Actual   Budget   Budget        $ %                   Explanations
Revenues
1. Aeronautical Revenues             228,864   242,352  261,078   18,725    7.7% Cost recovery under SLOA III.
2. SLOA III Incentive                  (3,576)   (3,576)   (3,576)       ()   0.0%
3. Other Operating Revenues          309,650   312,989  327,137   14,147    4.5% Mainly due to higher revenues from the Airport.
4. Tax Levy                        72,801   73,000   73,000 -      0.0% Assume no change from 2015.
5. PFCs                           69,803   73,752   84,650   10,898   14.8% Higher enplanements in 2016.
6. CFC Non-Op Revenue for Debt Service   19,889   23,614   24,963    1,349    5.7% Driven by increased debt service on 2009B bond.
7. Fuel Hydrant                      6,935    7,202    7,098     (104)  -1.4%
8. Non-Capital Grants and Donations      10,158    6,263    3,566   (2,697)  -43.1% Lower grants for Clean Truck Program in 2016.
9. Capital Contributions               16,746   40,949   23,406   (17,543)  -42.8% Lower due to the $25M 16C LOI will be fully claimed in 2015.
10. Interest Income                 11,202    7,094    8,537    1,443  20.3%
Total                       742,473        783,639  809,859         26,220   3.3%
Expenses
1. O&M Expense                   309,334   332,914  335,905    2,992    0.9% New initiatives and average pay increase.
2. Depreciation                    166,337   162,082  162,451     370       0.2%
3. Revenue Bond Interest Expense       108,910   133,468  121,423   (12,045)  -9.0% 2015 revenue bond interest expense budgeted conservatively.
4. GO Bond Interest Expense            9,475   14,706   14,726      20    0.1%
5. PFC Bond Interest Expense            5,906    5,633    5,302     (331)  -5.9%
6. Non-Op Environmental Expense        9,142    5,600    5,000     (600)  -10.7%
7. Public Expense                     6,854    9,572    8,898     (674)  -7.0% Driven by final year of Clean Truck Program.
8. Other Non-Op Rev/Expense          (2,110)    3,657    3,319     (338)  -9.2%
Subtotal                     613,849  667,632  657,026  (10,606)  -1.6%
9. Special Item - -  147,700  147,700    n/a Second installment for AWV contribution.
Total                       613,849        667,632  804,726        137,094  20.5%
Change In Net Assets             128,624        116,007    5,134  (110,874) -95.6%
2016 budget includes a $147.7M second installment for AWV contribution. 
15

FTEs Summary 
Aviation Maritime  Econ Dev Corporate    Total
2015 Approved FTE's       877.0       202.8         24.0        750.7      1,854.5 
Mid Year Approval       16.0        4.5         1.0        5.2       26.7 
Eliminated            (10.0)        (6.0)         (2.0)         (2.0)       (20.0) 
Transfers             (2.0)       (17.5)          7.5        (8.0)       (20.0) 
Adjusted 2015 FTE's        881.0        183.8          30.5        745.9       1,841.2 
2016 Budget
Eliminated            (2.0)        (1.0) -       (11.0)        (14.0) 
Transfer - - - -    - 
New FTE's            14.0        1.0        3.3        9.5       27.8 
Total 2016 Changes         12.0 -         3.3        (1.5)       13.8 
Proposed 2016 FTE's       893.0        183.8          33.8        744.4       1,855.0 

Moderate FTEs growth driven mainly by the strong traffic growth at the Airport. 
16

Capital Budget Summary 
Capital Budget Summary by Division 

$'s in 000's          2016      2017      2018      2019      2020     2016-20
Aviation          360,064   456,890   453,575   416,085   363,074  2,049,688
Maritime          27,480   21,112   24,621   24,637   13,796   111,646 
Economic Dev.     12,458    3,650    2,285    2,104    4,104    24,601
Corporate         8,443    8,686    8,707    8,307    8,230    42,373
Total            408,445   490,338   489,188   451,133   389,204  2,228,308

The Port continues to invest in the region with a 5-year capital plan of $2.2 billion. 

17

Capital Budget Summary 
Capital Budget Summary by Category 
$'s in 000's                      2016    2017    2018    2019    2020    2016-20
Commission Authorized/Underway  319,638  382,542  396,504  334,148  182,714  1,615,546
Pending 2015/2016 Authorization    28,017  17,669        8,030    250     -     53,966 
Pending Future Authorization        4,956       13,148       24,358       28,343       18,880         89,685 
Small Capital Projects             15,062   13,753        11,997        11,662        12,650         65,124 
Total                      367,673  427,112  440,889  374,403  214,244  1,824,321
Allowance CIPs and Other*        40,772  63,226       48,299       76,730      174,960   403,987
Total                      408,445  490,338  489,188  451,133  389,204  2,228,308
* Allowance CIPs represent undesignated future spending for future new projects and 
potential budget increases for existing projects in Aviation division.

18

Sources of Funds 



Tax Levy is 8.1% of the $900.6 million total sources of funds in 2016 budget. 
19

Uses of Funds 



The Port continues to invest in capital projects and infrastructures for the region. 
20

2016 Tax Levy 
Tax Levy Amount: 
Levy amount established by the Commission each year
as part of the budget process 
The maximum allowable levy for 2016 is estimated to be
$96.4 million 
The levy for 2016 is proposed to be $73.0 million 
Projected rate change (from $0.1891 to $0.1728) 


Tax levy remains flat at $73.0 million for 5 consecutive years. 
21

2016 Tax Levy 
Proposed 2016 Tax Levy Uses: 
General Obligation (G.O.) Bonds Debt Service 
Legacy Environmental Remediation 
Highline School NOISE Mitigation 
Pier 66 Redevelopment for cruise growth 
Capital projects in support of the fishing industry 
Per Commission Direction 
Additional Deposit to the Transportation & Infrastructure Fund for Regional
Transportation & Freight Mobility projects - $21.3 million 
Heavy Haul Corridor projects 
Other regional transportation initiatives (FAST II, E. Marginal Way, Argo Access) 
Workforce Development funding - $1.5 million in 2016 

Tax levy uses include strategic initiatives 
22

Levy Funded Capital Projects 
$ million                                      2016 Budget 
Cruise: Redevelop P66 to accommodate cruise growth        12.0 
Fishermen's Terminal:renewal and replacement of         1.6 
portions of the sewer and drainage system, pavement and
sidewalks 
Fishermen's Terminal:building renewal projects including     0.2 
roof and ventilation systems 
Terminal 91: Electrical substation upgrades, slope          2.1 
stabilization and fender replacement 
Total                                             15.9 
Local jobs supported by Port facilities total: 
16,000  Fishing Industry 
3,400  Cruise Industry 
2013 Economic Impact of the Port of Seattle, Prepared by Martin & Associates 
Tax levy will support job generating industries of fishing and cruise 
23

Sources and Uses of the Tax Levy 
2016 Tax Levy Sources & Uses ($ mil.)
Sources                             2016 Budget    2016-2020
Beginning Balance                          57.7           57.7
Annual Levy                              73.0          365.0
Tsubota Sale                               8.0        8.0
Total                                 138.7       430.7
Uses
G.O. Debt Service - existing                       34.5           169.0
G.O. Debt Service - SR99 Tunnel                   3.6        32.4
Environmental Remediation                    7.0       42.9
Transportation & Infrastructure Contribution          21.3           21.3
Workforce Development                     1.5       7.3
Highline Schools Noise Mitigation                  -           3.5
Approved CIP - P66 Cruise                      12.0           13.5
Proposed CIP - Fishing Industry                     4.0        36.5
Total                                  83.9          326.4
Ending Fund Balance                             54.8          104.3
Fund balance is available for other uses 
24

Sources and Uses of the Transportation
and Infrastructure Fund 
Transportation & Infrastructure Fund ($ mil.)
Sources:                               2016 Budget    2016-2020
Beginning Balance                          62.5           62.5
Annual Contributions                         21.3           21.3
Total                                  83.8           83.8
Uses
Regional Transportation                        1.6        10.2
SR99                              62.5         62.5
Total                                  64.1           72.7
Ending Fund Balance                             19.7           11.1

Fund balance is available for future Heavy Haul Corridor projects 
25

Sources and Uses of the Tax Levy - Full CIP 
2016 Tax Levy Sources & Uses ($ mil.)
Sources                             2016 Budget    2016-2020
Beginning Balance                          57.7           57.7
Annual Levy                              73.0          365.0
Tsubota Sale                               8.0        8.0
Additional G.O. bond proceeds                   -          115.0
Total                                 138.7       545.7
Uses
G.O. Debt Service - existing                       34.5           169.0
G.O. Debt Service - SR99 Tunnel                   3.6        32.4
G.O. Debt Service - additional CIP                   -           36.3
Environmental Remediation                    7.0       42.9
Transportation & Infrastructure Contribution          21.3           21.3
Workforce Development                     1.5       7.3
Highline Schools Noise Mitigation                  -           3.5
Approved CIP - P66 Cruise                      12.0           13.5
Proposed CIP - Fishing Industry                     4.0        36.5
Additional CIP - NWSA                        24.0          202.0
Total                                 107.9       564.7
Ending Fund Balance                             30.8          (19.1)
Negative ending balance in 2020 based on current forecast 
26

Remaining Budget Schedule 
Second Budget Reading               Nov. 24, 2015 
Statutory Budget Filed with King County     Dec. 3, 2015 
Release the Final Budget Document        Dec. 11, 2015 


27

Port of Seattle 
2016 Preliminary Budget 
First Reading & Public Hearing 
November 10, 2015

Appendix 1 
NWSA Accounting Treatment & Cash
Flow 
(simplified example using illustrative numbers) 

29

Revenues and expenses contributed to the Alliance will be transferred from
each port's Income Statement and combined to form the Alliance's 
Alliance 
Port of Tacoma             Pre-Alliance        Contributions 
Revenue                    125,000         (100,000) 
Expense                      70,000          (60,000) 
NOI Before Depreciation             55,000 
Port of Seattle 
Revenue                    550,000          (80,000) 
Expense                     300,000          (40,000) 
NOI Before Depreciation            250,000 

Alliance 
Alliance                     From POT           From POS             Total 
Revenue                     100,000           80,000          180,000 
Expense                       60,000           40,000           100,000 
Net Income                     40,000            40,000            80,000 
Numbers are illustrative only 
30

Alliance net income is split 50/50 as distributable revenue to the home ports 
Alliance 
Port of Tacoma             Pre-Alliance        Contributions 
Revenue                    125,000         (100,000) 
Expense                      70,000          (60,000) 
NOI Before Depreciation             55,000 
Port of Seattle 
Revenue                    550,000          (80,000) 
Expense                     300,000          (40,000) 
NOI Before Depreciation            250,000 

Alliance 
Alliance                   From POT          From POS           Total 
Revenue                   100,000         80,000        180,000
Expense                     60,000          40,000         100,000
Net Income                   40,000          40,000           80,000
To POT           To POS 
Distributable Revenue              40,000          40,000 
Numbers are illustrative only                     31

Each port's share will be recognized as operating revenue 
Alliance 
Port of Tacoma            Pre-Alliance       Contributions    Distributable Revenue 
Revenue                    125,000         (100,000)          40,000 
Expense                      70,000          (60,000) 
NOI Before Depreciation             55,000 
Port of Seattle 
Revenue                    550,000          (80,000)          40,000 
Expense                     300,000          (40,000) 
NOI Before Depreciation            250,000 
Alliance 
Alliance                   From POT          From POS           Total 
Revenue                   100,000         80,000        180,000
Expense                     60,000          40,000         100,000
Net Income                   40,000          40,000         80,000
To POT           To POS 
Distributable Revenue              40,000          40,000 
Numbers are illustrative only                     32

Adjusted Income Statements will show lower revenues and expenses, similar
net income compared to Pre-Alliance 
Alliance                            Post- 
Port of Tacoma           Pre-Alliance       Contributions    Distributable Revenue      Alliance 
Revenue                   125,000        (100,000)          40,000          65,000 
Expense                     70,000         (60,000)                        10,000 
NOI Before Depreciation            55,000                                        55,000 
Port of Seattle 
Revenue                   550,000         (80,000)          40,000         510,000 
Expense                    300,000         (40,000)                       260,000 
NOI Before Depreciation           250,000                                       250,000 
Alliance 
Alliance                   From POT          From POS           Total 
Revenue                   100,000         80,000        180,000
Expense                     60,000          40,000         100,000
Net Income                   40,000          40,000         80,000
To POT           To POS 
Numbers are illustrative only 
Distributable Revenue              40,000          40,000 
33

The Northwest Seaport Alliance Cash Flow 

Other    Licensed                                   Licensed    Other
Facilities    Facilities                                              Facilities    Facilities 
Revenue                          Revenue 
The Northwest
Seaport Alliance
Port of                       Operating Fund                       Port of 
Contribution (1)                            Contribution (1) 
Seattle                                                      Tacoma 
Distribution (2)                              Distribution (2) 
Payment of Debt Service   Contribution (1)          Capital
Contribution (1)   Payment of Debt Service
Construction 
Investors                                                 Investors 

(1)  Initial contribution plus any future contributions approved by the Ports 
(2)  Automatic distribution of cash flow from operations at least quarterly plus any additional distributions
approved by the members 


34

Appendix 2 
Projects Recommended for Tax Levy
Funding 

35

Projects Recommended for Levy Funding ($'000)
CIP Number Project Description         2016   2017   2018   2019   2020  TOTAL
C800307 MIC West & Central Piers Resur           70    638               708 
C800592 Cruise Terminal Tenant Improv    12,000   1,500 -               13,500
C800439 T91 Substation Upgrades        1,073        26  -               1,099
C800137 FT C15 HVAC Improvements       30                           30
C800344 FT C-2 (Nordby) Roof & HVAC      54  -                       54
C800527 FT Net Shed 9 Roof Replacement     21  -                       21
C800005 FT Paving/Storm Upgrades        800    50  - -           850 
C800191 FT C14 (Downie) Roof & HVAC     105   1,015        72  -          1,192
C800526 FT Net Shed 3,4,5 &6 Roof Rpl      105   2,515        91  -          2,711
C800750 C15 Building Tunnel Improvmnt      700   -                      700 
C800675 P91 South End Fender          950   1,127                       2,077
C800821 T91 P91W Slope Stabilization      120    404                     524 
C800525 FT Strategic Plan                 1,000      5,000      4,000           10,000
C800528 FT W Wall N Fender Replacement          10    190   2,750            2,950
C800529 FT W Wall N Sht Pile Crsn Prtn            10    190   2,575            2,775
C800530 FT S Wall Wt End Improvements          174    970    530         1,674
C800531 FT Dock 3 Fixed Pier Improvmnt      10    190    800   2,000            3,000
C800532 FT Dock 4 Fixed Pier Corr Prot      10    190   1,000      2,300            3,500
C800533 FT W Wall S Sht Pile Cor Protn                       10    190    200 
C800534 FT S Wall Cl Fndr Rp & Cor Prt                       10    190    200 
C800567 FT Net Shed 10 Roof Overlay                                     -
C800568 FT Net Shed 11 Roof Overlay                                     -
C800569 FT Net Shed Electrical System                  70   2,168            2,238
TOTAL                    15,978   8,281   9,021  16,343   380     50,003
36