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Seaport Division 2015 Preliminary Operating & Capital Budgets Commission Presentation October 14, 2014 Key Volume Assumptions TEU volume at 1.3 million, equal to the 2014 forecast Cruise forecasts 895,000 passengers a 11% increase from 2014 Budget Grain volume at 4.0 million metric tons based on general information from tenant Note: No interim revenue assumed from Terminal 5 2 Expense Items Costs related to maintenance dredging Stormwater NW Ports Clean Air Strategy continue implementation Environmental Remediation Liability expense Tribal fishing coordination program Terminal 5 3 Org Revenues By Group Seaport Division Only Incr (Decr) 2013 2014 2014 2015 '15-'14 Bud Change $'s Thousands Actual Budget Forecast Budget $ % REVENUE Lease & Asset Management Containers 62,869 64,831 56,373 49,600 (15,231) -23.5% Grain 1,634 2,365 3,535 5,061 2,696 114.0% Industrial Properties 16,227 16,536 17,084 17,214 678 4.1% Cruise & Maritime Ops Cruise 13,085 12,627 12,794 14,296 1,669 13.2% Maritime Operations 5,255 4,866 4,863 5,209 344 7.1% Operating Revenue 99,070 101,226 94,648 91,380 (9,845) -9.7% Total Revenue 99,070 101,226 94,648 91,380 (9,845) -9.7% 4 Org Expenses By Group Seaport Division Only Incr (Decr) 2013 2014 2014 2015 '15-'14 Bud Change $'s Thousands Actual Budget Forecast Budget $ % Org Expenses Lease & Asset Mgmt 7,738 9,787 8,748 9,574 (214) -2.2% Cruise & Maritime Ops 3,805 4,715 3,511 5,377 663 14.1% Commercial Strategy 1,533 1,688 1,435 1,723 36 2.1% Environmental Services 2,760 2,994 2,875 2,941 (52) -1.8% Planning 391 426 362 409 (17) -4.1% Seaport Finance 952 1,073 978 1,096 23 2.2% Seaport Admin 622 654 509 877 223 34.0% Contingency 0 366 416 0 (366) -100.0% Capital to Expense 44 0 0 0 0 NA Total Operating Expense 17,843 21,703 18,833 21,998 295 1.4% Op Envir Remediation Liability 1,248 1,180 (30) 250 (930) -78.8% Total Expenses 19,091 22,883 18,803 22,248 (635) -2.8% 5 Seaport Org Expense Budget Seaport Division Expenses Only Incr (Decr) 2014 2015 15-'14 Change $'s Thousands Budget Budget $ % COMMENTS Baseline Budget Salaries 5,309 5,374 65 1.2% Open positions budgeted at lower salaries in 2015 Benefits 1,854 1,915 61 3.3% Based on Budget Guidelines Wages & Benefits 0 0 0 NA OPEB/Pension 33 35 2 5.0% Salaries & Wages to Cap/Non-Op/ERL 889 969 80 9.1% Seaport Real Estate Specialist budgeted 100% to capital in 2015 Total Payroll Costs 8,084 8,292 208 2.6% In line with Corporate Guidelines Non-Payroll Costs Charges to Capital/Non-Op/ERL (889) (969) (80) 9.1% Utilities 6,044 6,610 566 9.4% Primarily Surface Water & Electricity (offset by Tenant Reim) Environmental Outside Contracts 1,564 1,375 (189) -12.1% Lower Air, Permitting and Stormwater permit related costs. FF&E - CTA Allowance Usage 79 112 33 41.8% Tribal Mitigation 366 416 50 13.7% New agreement negotiated in 2014 Other O&M 2,264 2,282 18 0.8% Other Total Baseline Budget 17,513 18,118 605 3.5% Initiatives T5 Phase II Maintenance Dredge 1,470 0 (1,470) -100.0% Project completed in 2014 T91 Maintenance Dredge 1,140 1,240 100 8.8% Project delayed until 2015 T18 Maintenance Dredge 0 890 890 NA T5 Security Contract 0 500 500 NA As long as there is no tenant T5 Consulting for RFP preparation 0 100 100 NA T106 Appraisal/Condition Assessment 0 50 50 NA USACE Harbor Deepening Feasibility study 0 500 500 NA Cost share - year one of three Remove IHI Cranes 1,200 75 (1,125) -93.8% Project mostly complete in 2014 Traffic Studies & Planning Studies 305 225 (80) -26.2% Other Outside Services for Terminals 75 150 75 100.0% Seaport Division Staff Training 0 150 150 NA Total Initiatives 4,190 3,880 (310) -7.4% Total Operating Expenses 21,703 21,998 295 1.4% Envir Remediation Liability 1,180 250 (930) -78.8% Total Expenses 22,883 22,248 (635) -2.8% 6 Projects & Initiatives $'s in Thousands Initiatives - Proposed for 2015 Budget Containers T-91 maintenance dredging $1,240 project delayed from 2014 to 2015 T-18 maintenance dredging 890 began in 2013, to complete in 2016 USACE Harbor Deepening Feasibility Study 500 cost share year 1 of 3 Remove IHI cranes from Terminal 18 75 mostly complete in 2014; some spillover to 2015 Terminal 5 Security Contract 500 needed as long as there is no tenant Terminal 5 Consultant for RFP preparation 100 Seaport Industrial Properties T106 Appraisal/Condition Assessment 50 Transportation & Planning Studies 10 Yr Container Terminal Access Study 20 Other Transportation Studies 80 Planning Studies 125 Efficiency/Change Initiative Other Outside Services for Terminals 150 Seaport Staff Training 150 Total 2015 Seaport "One-Time" Expenses $3,880 2015 Outside Costs Budgeted in CDD 0 0 7 Northwest Ports Clean Air Initiatives and Environmental Remediation Liability Classified as Non-Operating Expense $'s Thousands 2015 Non-Operating Expense Budget Clean Air Program Ocean Going Vessel Incentives $300 PSCAA - CNG Truck Pilot Program 80 In Place Truck Scrapping Incentives 4,804 4,804 Less: CMAQ(1) Grant Revenue (2,177) Less: CMAQ(1) Supplemental Grant Revenue (631) Less: DOE(2) Grant Revenue (308) Less: DERA(3) Grant Revenue (900) Net cost to Port (required match) 788 New 2015 Agency CMAQ(1) Truck Scrapping Incentives 125 Envir Remediation Liability -Sea 5,350 Envir Remediation Liability -RE 250 Total $10,909 Notes : (1) Federal Congestion Mitigation and Air Quality Improvement Program (2) Washington State Department of Ecology (3) U.S Environmental Protection Agency Diesel Emission Reduction Act 8 Full-Time Equivalents (FTEs) FTE's 2014 Budget 59.0 2014 Changes New Position: Seaport Client Manager (Late Fall 2013) 1.0 Adjusted 2014 60.0 2015 Budget Staff Changes: Cruise & Maritime Ops Intern -0.3 Subtotal -0.3 Proposed FTE's for 2015 59.7 9 Seaport Budget Summary Inclusive of Direct Charges & Allocations from Corporate, CDD, & Other Divisions Incr (Decr) 2013 2014 2014 2015 15-'14 Bud Change $'s Thousands Actual Budget Forecast Budget $ % Revenues Operating Revenues 99,628 101,553 95,025 91,635 (9,918) -9.8% Total Revenues 99,628 101,553 95,025 91,635 (9,918) -9.8% Expenses Seaport Expenses (excl env srvs) 14,275 17,812 15,664 18,165 353 2.0% Envir Services & Planning 2,269 2,581 2,510 2,452 (130) -5.0% Maintenance Expenses 6,317 6,637 6,051 7,201 563 8.5% P69 Facilities Expenses 510 414 414 446 32 7.8% Other RE Expenses 289 386 386 433 47 12.2% CDD Expenses 3,576 2,190 2,190 1,818 (372) -17.0% Police Expenses 4,169 4,286 4,286 3,990 (296) -6.9% Corporate Expenses 11,727 8,440 8,320 8,485 44 0.5% Envir Remed Liability 1,248 1,180 (30) 250 (930) -78.8% Operating Expenses 44,379 43,926 39,791 43,239 (687) -1.6% Net Operating Income 55,249 57,626 55,233 48,395 (9,231) -16.0% 10 Seaport Division Capital Budget 2015-2019 Commission Review October 14, 2014 Seaport 2015 Capital Budget Review Overall 2015-2019 dollar amount of projects at $365 million an increase of $100 million over comparable 2014 forecast Tiger grant will provide funding for $20 million of Terminal 46 improvements Per policy effective in 2010, Seaport is financially self-sustaining Funding capacity for projects not yet determined Seaport 2015-2019 Capital Spending Forecast Committed and Business Plan Prospective Projects 150.0 125.0 100.0 100.0 $'s Millions 18.0 75.0 50.0 50.0 23.0 22.9 3.3 25.0 24.3 8.1 19.0 1.0 2.7 16.6 22.4 24.5 13.9 15.4 0.0 2015 2016 2017 2018 2019 All Other T46 Projects T5 Modernization Waterway Deepening 2014 Bud Frcst 12 Seaport 2015 Capital Budget Capital Budget Summary By Status $'s in 000's 2015 2016 2017 2018 2019 2015-19 Commission Authorized/Underway 12,680 48,573 123,205 58,326 1,369 244,153 Pending 2015 Authorization 600 100 0 0 0 700 Pending Future Authorization 8,150 11,100 20,850 41,200 33,000 114,300 Small Projects 1,140 1,479 1,250 1,027 1,089 5,985 Total 22,570 61,252 145,305 100,553 35,458 365,138 13 Seaport 2015 Capital Budget Commission Authorized*/Underway $'s in 000's Priority 2015 2016 2017 2018 2019 2015-19 T5 Berth Modernization 1 3,250 23,000 100,000 50,000 0 176,250 T-46 Development 1 2,090 14,120 10,680 915 1,027 28,832 T-46 Dock Rehabilitation 1 600 10,200 12,250 7,150 0 30,200 T91 Substation Upgrades 1 1,634 0 0 0 0 1,634 P34 Mooring Dolphins 1 1,539 0 0 0 0 1,539 T18 Stormwater Infrastructure 1 1,250 0 0 0 0 1,250 Argo Yard Roadway Element I 1 1,037 0 0 0 0 1,037 Sea Sec Rnd13 P66 TWIC & T91 Gate 1 396 0 0 0 0 396 Cruise Cap Allow - CTA Lease 1 200 200 200 200 294 1,094 Cruise Per Passenger Allowance 2 74 75 75 61 48 333 T5 Street Vacation Completion 1 160 78 0 0 0 238 T18 Street Vacation Completion 1 50 0 0 0 0 50 Terminal 115 Stormwater Separator 1 40 0 0 0 0 40 SEA P66 Apron Pile Wrap 1 10 0 0 0 0 10 T46 Public Access Mitigation at T117 2 350 900 0 0 0 1,250 Total 12,680 48,573 123,205 58,326 1,369 244,153 Note*: Includes projects where some portion of the budget is authorized by Commission 14 Seaport 2015 Capital Budget Pending 2014/2015 Authorization $'s in 000's Priority 2015 2016 2017 2018 2019 2015-19 T-18 S Gate Rail Spur (Westway) 2 500 0 0 0 0 500 T46 Viaduct Driven Capital Work 2 100 100 0 0 0 200 Total 600 100 0 0 0 700 15 Seaport 2015 Capital Budget Pending Future Authorization $'s in 000's Priority 2015 2016 2017 2018 2019 2015-19 Contingency Renewal & Replace. 2 6,000 6,000 6,000 8,000 9,000 35,000 SCCT Shore Power Upgrade 2 600 600 0 0 0 1,200 SCCT Freight Elevator 2 560 150 0 0 0 710 Sea Sec Rnd14 Cruise Xray & Police 2 460 0 0 0 0 460 P66 Cruise Terminal Fall Protection 2 280 0 0 0 0 280 P91 South End Fender 2 150 950 150 0 0 1,250 Second Gangway per Berth @ T91 2 0 500 4,000 0 5,000 9,500 T18 Dock Rehabilitation** 2 0 200 1,300 0 0 1,500 WWW Deepening 53+2,85%Up/15%IW)** 2 0 0 0 16,000 16,500 32,500 EWW Deepening (53+2',100%IW)** 2 0 0 0 2,000 2,500 4,500 T91 Vinyl Clad Warehouse 2 0 1,800 0 0 0 1,800 P66 Cruise Terminal Standoffs 2 0 100 500 0 0 600 P-90 Berth 6 & 8 Redev 3 100 800 8,900 15,200 0 25,000 Total 8,150 11,100 20,850 41,200 33,000 114,300 Note: For projects marked with asteriks**, additional spending is forecasted to take place in the 2020-2024 timeframe. 16 Seaport 2015 Capital Budget Small Projects $'s in 000's Priority 2015 2016 2017 2018 2019 2015-19 Small Capital Projects 1 610 677 500 500 500 2,787 Preliminary Planning 2 250 250 250 250 250 1,250 Seaport Technology Projects 2 250 250 250 250 250 1,250 Seaport Fleet Replacement 2 30 302 250 27 89 698 Total 1,140 1,479 1,250 1,027 1,089 5,985 17 Appendix Supplementary Slides SEAPORT DIVISION CAPITAL BUDGET BY LOCATION 19 Terminal 5 $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total T5 Berth Modernization Commission Authorized $3,250 $23,000 $100,000 $50,000 $0 $176,250 $0 $176,250 T5 Street Vacation Completion Commission Authorized 160 78 0 0 0 238 0 238 TOTAL $3,410 $23,078 $100,000 $50,000 $0 $176,488 $0 $176,488 Note - Excludes Prospective Items and Expense Projects 20 Terminal 18 $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total T18 Street Vacation Completion Commission Authorized $50 $0 $0 $0 $0 $50 $0 $50 T18 Stormwater Infrastructure Commission Authorized 1,250 0 0 0 0 1,250 0 1,250 T18 Dock Rehabilitation Pending Future Authorization 0 200 1,300 0 0 1,500 24,700 26,200 TOTAL $1,300 $200 $1,300 $0 $0 $2,800 $24,700 $27,500 Note - Excludes Prospective Items and Expense Projects 21 Terminal 30 $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total T30 Dock Rehabilitation Pending Future Authorization $0 $0 $0 $0 $0 $0 6,000 $6,000 T25 Dock Rehabilitation Pending Future Authorization 0 0 0 0 0 0 300 300 T30 Alaskan Way Street Vacatio Pending Future Authorization 0 0 0 0 0 0 6,300 6,300 TOTAL $0 $0 $0 $0 $0 $0 $12,600 $12,600 Note - Excludes Prospective Items and Expense Projects 22 Terminal 46 $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total T46 Development Commission Authorized $2,090 $14,120 $10,680 $915 $1,027 $28,832 $0 $28,832 T46 Dock Rehabilitation Commission Authorized 600 10,200 12,250 7,150 0 30,200 0 30,200 T46 Public Access Mitigation at T117 Commission Authorized 350 900 0 0 0 1,250 0 1,250 T46 Viaduct Driven Capital Work Pending 2015 Authorization 100 100 0 0 0 200 0 200 T46 Replace South Pier Pending Future Authorization 0 0 0 0 0 0 8,400 8,400 TOTAL $3,140 $25,320 $22,930 $8,065 $1,027 $60,482 $8,400 $68,882 Note - Excludes Prospective Items and Expense Projects 23 Pier 66 $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total SEA P66 Apron Pile Wrap Commission Authorized $10 $0 $0 $0 $0 $10 $0 $10 P66 Cruise Term Roof Fall Protect Pending Future Authorization 280 0 0 0 0 280 0 280 P66 Cruise Terminal Standoffs Pending Future Authorization 0 100 500 0 0 600 0 600 TOTAL $290 $100 $500 $0 $0 $890 $0 $890 Note - Excludes Prospective Items and Expense Projects 24 Terminal 91 $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total T91 Substation Upgrades Commission Authorized $1,634 $0 $0 $0 $0 $1,634 $0 $1,634 SCCT Freight Elevator Pending Future Authorization 560 150 0 0 0 710 0 710 Second Gangway per Berth @ T91 Pending Future Authorization 0 500 4,000 0 5,000 9,500 0 9,500 SCCT Shore Power Upgrade Pending Future Authorization 600 600 0 0 0 1,200 0 1,200 P91 South End Fender Pending Future Authorization 150 950 150 0 0 1,250 0 1,250 P-90 Berth 6 & 8 Redev Pending Future Authorization 100 800 8,900 15,200 0 25,000 0 25,000 T91 Vinyl Clad Warehouse Pending Future Authorization 0 1,800 0 0 0 1,800 0 1,800 TOTAL $3,044 $4,800 $13,050 $15,200 $5,000 $41,094 $0 $41,094 Note - Excludes Prospective Items and Expense Projects 25 Seaport Projects - Other $'s in Thousands Project CIP STATUS 2015 2016 2017 2018 2019 2015-2019 2020-2024 10 Yr Total Cruise Cap Allow - CTA Lease Commission Authorized $200 $200 $200 $200 $294 $1,094 $0 $1,094 Cruise per Passenger Allowance Commission Authorized 74 75 75 61 48 333 0 333 Terminal 115 Stormwater Separator Commission Authorized 40 0 0 0 0 $40 0 $40 Argo Yard Roadway Element I * Commission Authorized 1,037 0 0 0 0 1,037 0 1,037 P34 Mooring Dolphins Commission Authorized 1,539 0 0 0 0 1,539 0 1,539 Sea Sec R13 P66 TWIC & T91Gate Commission Authorized 396 0 0 0 0 396 0 396 T-18 S Gate Rail Spur (Westway Feed) Pending 2015 Authorization 500 0 0 0 0 500 0 500 Sea Sec R14 Cruise Xray&Police Pending Future Authorization 460 0 0 0 0 460 0 460 WWW Deepening 53+2,85%Up/15%IW Pending Future Authorization 0 0 0 16,000 16,500 32,500 49,500 82,000 EWW Deepening (53+2', 100%IW) Pending Future Authorization 0 0 0 2,000 2,500 4,500 5,000 9,500 Mega Berth (depth) Loc TBD Pending Future Authorization 0 0 0 0 0 0 20,000 20,000 Contingency Renewal & Replace. Pending Future Authorization 6,000 6,000 6,000 8,000 9,000 35,000 65,000 100,000 Seaport Small Capital Pojects Small Projects 610 677 500 500 500 2,787 2,500 5,287 Preliminary Planning Small Projects 250 250 250 250 250 1,250 1,250 2,500 Seaport Technology Projects Small Projects 250 250 250 250 250 1,250 1,250 2,500 Seaport Fleet Replacement Small Projects 30 302 250 27 89 698 558 1,256 TOTAL $11,386 $7,754 $7,525 $27,288 $29,431 $83,384 $145,058 $228,442 Note - Excludes Prospective Items and Expense Projects * FMSIB Grant 26 SEAPORT DIVISION CAPITAL BUDGET BY LINE OF BUSINESS & STRATEGIC OBJECTIVES 27 Seaport 2015 Capital Budget By Business & Strategic Objective Containers Status Key Objective Priority Capital Project 2015 2016 2017 2018 2019 2015-19 CONTAINERS Commission Authorized Grow Container Volume 1 Argo Yard Roadway Element I 1,037 0 0 0 0 1,037 Commission Authorized Grow Container Volume 1 T46 Development 2,090 14,120 10,680 915 1,027 28,832 Commission Authorized Asset Stewardship 1 T46 Dock Rehabilitation 600 10,200 12,250 7,150 0 30,200 Commission Authorized Asset Stewardship 2 T46 Public Access Mitigation at T117 350 900 0 0 0 1,250 Commission Authorized Grow Container Volume 1 T5 Street Vacation Completion 160 78 0 0 0 238 Commission Authorized Grow Container Volume 1 T18 Street Vacation Completion 50 0 0 0 0 50 Commission Authorized Grow Container Volume 1 T5 Modernization 3,250 23,000 100,000 50,000 0 176,250 Commission Authorized Stormwater 1 T18 Stormwater Infrastructure 1,250 0 0 0 0 1,250 Pending 2015 Authorization Asset Stewardship 2 T46 Viaduct Driven Capital Work 100 100 0 0 0 200 Pending Future Authorization Grow Container Volume 2 West Waterway Deepening 0 0 0 16,000 16,500 32,500 Pending Future Authorization Grow Container Volume 2 East Waterway Deepening 0 0 0 2,000 2,500 4,500 Pending Future Authorization Asset Stewardship 2 T18 Dock Rehabilitation 0 200 1,300 0 0 1,500 Pending Future Authorization Asset Stewardship 3 T46 South Pier Rehab 0 0 0 0 0 0 Pending Future Authorization Asset Stewardship 3 T30 Dock Rehabilitation 0 0 0 0 0 0 Pending Future Authorization Asset Stewardship 3 T25 Dock Rehabilitation 0 0 0 0 0 0 Pending Future Authorization Grow Container Volume 3 T30 Alaskan Way Street Vacation 0 0 0 0 0 0 Pending Future Authorization Grow Container Volume 3 Mega Berth (depth) Loc TBD 0 0 0 0 0 00 TOTAL CONTAINERS AUTHORIZED, PENDING AUTHORIZATION 8,887 48,598 124,230 76,065 20,027 277,807 28 Seaport 2015 Capital Budget By Business & Strategic Objective Seaport Industrial Properties Status Key Objective Priority Capital Project 2015 2016 2017 2018 2019 2015-19 INDUSTRIAL PROPERTIES Commission Authorized Asset Stewardship 1 T91 Substation Upgrades 1,634 0 0 0 0 1,634 Commission Authorized Stormwater 1 Terminal 115 Stormwater Separator 40 0 0 0 0 40 Pending 2015 Authorization Asset Stewardship 2 T18 South Gate Rail Spur (Westway) 500 0 0 0 0 500 Pending Future Authorization 2x Economic Value 2 T91 Vinyl Clad Warehouse 0 1,800 0 0 0 1,800 TOTAL INDUSTRIAL PROP AUTHORIZED, PENDING AUTHORIZATION 2,174 1,800 0 0 0 3,974 29 Seaport 2015 Capital Budget By Business & Strategic Objective Cruise Status Key Objective Priority Capital Project 2015 2016 2017 2018 2019 2015-19 CRUISE Commission Authorized Asset Stewardship 1 SEA P66 Apron Pile Wrap 10 0 0 0 0 10 Commission Authorized Asset Stewardship 1 Cruise Cap Allow - CTA Lease 200 200 200 200 294 1,094 Commission Authorized Asset Stewardship 1 Cruise per Passenger Allowance 74 75 75 61 48 333 Pending Future Authorization Asset Stewardship 2 SCCT Freight Elevator 560 150 0 0 0 710 Pending Future Authorization Asset Stewardship 2 P66 Cruise Term Roof Fall Protect 280 0 0 0 0 280 Pending Future Authorization Asset Stewardship 2 SCCT Shore Power Upgrade 600 600 0 0 0 1,200 Pending Future Authorization Economic Value 2 Second Gangway per Berth @ T91 0 500 4,000 0 5,000 9,500 Pending Future Authorization Asset Stewardship 2 P66 Cruise Terminal Standoffs 0 100 500 0 0 600 TOTAL CRUISE AUTHORIZED, PENDING AUTHORIZATION 1,724 1,625 4,775 261 5,342 13,727 30 Seaport 2015 Capital Budget By Business & Strategic Objective Maritime Operations Status Key Objective Priority Capital Project 2015 2016 2017 2018 2019 2015-19 MARITIME OPERATIONS & SECURITY Commission Authorized 2x Economic Value 1 P34 Mooring Dolphins 1,539 0 0 0 0 1,539 Commission Authorized Security 1 Sea Sec R13 P66 TWIC & T91Gate 396 0 0 0 0 396 Pending Future Authorization Security 2 Sea Sec R14 Cruise Xray&Police 460 0 0 0 0 460 Pending Future Authorization Asset Stewardship 3 T91 Berth 6 & 8 Redevelopment 100 800 8,900 15,200 0 25,000 Pending Future Authorization Asset Stewardship 2 P91 South End Fender 150 950 150 0 0 1,250 TOTAL MARITIME OPS AUTHORIZED, PENDING AUTHORIZATION 2,645 1,750 9,050 15,200 0 28,645 31 Seaport 2015 Capital Budget By Business & Strategic Objective Other Status Key Objective Priority Capital Project 2015 2016 2017 2018 2019 2015-19 OTHER Small Projects Asset Stewardship 1 Seaport Small Pojects 610 677 500 500 500 2,787 Small Projects Asset Stewardship 2 Preliminary Planning 250 250 250 250 250 1,250 Small Projects Asset Stewardship 2 Seaport Technology Projects 250 250 250 250 250 1,250 Small Projects Asset Stewardship 2 Seaport Fleet Replacement 30 302 250 27 89 698 Pending Future Authorization Asset Stewardship 2 Contingency Renewal & Replace. 6,000 6,000 6,000 8,000 9,000 35,000 TOTAL OTHER AUTHORIZED, PENDING AUTHORIZATION 7,140 7,479 7,250 9,027 10,089 40,985 32
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