San Diego Unified Port District - File #: 2016-0517

• File #: 2016-0517
• Version: 1
• Type: Action Item
• Status: Agenda Ready
• File created: 8/25/2016
• In control: Board of Port Commissioners
• On agenda: 11/8/2016
• Title: FISCAL YEAR END 2016 RESULTS AND BUDGET AMENDMENTS A) PRESENTATION ON FISCAL YEAR (FY) END 2016 RESULTS ALONG WITH STAFF RECOMMENDATIONS FOR FUNDING THE REMAINING MULTI-YEAR INVESTMENTS PRESENTED TO THE BOARD B) ORDINANCE AMENDING THE FY 16/17 BUDGET INCREASING THE FY 16/17 NON-PERSONNEL EXPENSE (NPE) APPROPRIATIONS BY $900,000 TO BE FUNDED FROM THE FY 15/16 UNRESTRICTED RESOURCES FOR THE FOLLOWING ITEMS: 1) $600,000 TO EXPAND MARKETING EFFORTS TO INCREASE PUBLIC AWARENESS OF THE DISTRICT; 2) $154,000 FOR BOARD APPROVED RCS COMPANY WIRELESS RADIO UPGRADE FOR HARBOR POLICE; AND 3) $146,000 FOR GRANT MATCHING FUNDS FOR HARBOR POLICE OPERATIONS C) ORDINANCE AMENDING THE FY 16/17 BUDGET INCREASING THE FY 16/17 EQUIPMENT OUTLAY APPROPRIATION BY $200,000 TO FUND MOBILE VIDEO STORAGE UPGRADES TO BE FUNDED FROM THE FY 15/16 UNRESTRICTED RESOURCES AS PRESENTED IN THE FIVE YEAR PLAN FOR STRATEGIC SECURITY AND PUBLIC SAFETY

Date	Ver.	Action By	Action	Result
11/8/2016	1	Board of Port Commissioners	adopted	Pass

DATE: November 8, 2016

SUBJECT:

Title
FISCAL YEAR END 2016 RESULTS AND BUDGET AMENDMENTS
A) PRESENTATION ON FISCAL YEAR (FY) END 2016 RESULTS ALONG WITH STAFF RECOMMENDATIONS FOR FUNDING THE REMAINING MULTI-YEAR INVESTMENTS PRESENTED TO THE BOARD
B) ORDINANCE AMENDING THE FY 16/17 BUDGET INCREASING THE FY 16/17 NON-PERSONNEL EXPENSE (NPE) APPROPRIATIONS BY $900,000 TO BE FUNDED FROM THE FY 15/16 UNRESTRICTED RESOURCES FOR THE FOLLOWING ITEMS: 1) $600,000 TO EXPAND MARKETING EFFORTS TO INCREASE PUBLIC AWARENESS OF THE DISTRICT; 2) $154,000 FOR BOARD APPROVED RCS COMPANY WIRELESS RADIO UPGRADE FOR HARBOR POLICE; AND 3) $146,000 FOR GRANT MATCHING FUNDS FOR HARBOR POLICE OPERATIONS
C) ORDINANCE AMENDING THE FY 16/17 BUDGET INCREASING THE FY 16/17 EQUIPMENT OUTLAY APPROPRIATION BY $200,000 TO FUND MOBILE VIDEO STORAGE UPGRADES TO BE FUNDED FROM THE FY 15/16 UNRESTRICTED RESOURCES AS PRESENTED IN THE FIVE YEAR PLAN FOR STRATEGIC SECURITY AND PUBLIC SAFETY
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EXECUTIVE SUMMARY:

This was a record year for the District since separating from the airport in 2003. Revenue of $169.8M was the highest attained since the separation, along with earnings of $35.2M before depreciation. After other sources and uses are considered, such as capital and equipment expenditures, debt payments and pension funding, the District generated a record $20.3M unrestricted resources over uses of funds (unrestricted resources).

The Board previously approved an allocation of $10.6M ($7M for Asset Maintenance Program, $2.6M for the Climate Action Plan, $1M for equipment) of these FY 2016 unrestricted resources at the April 21, 2016 Budget Workshop with direction to return to the Board with presentations of initiatives for the additional funding requested. One of the goals presented by the Chief Executive Officer (CEO) was to increase the awareness of the Port by the public. At the September 8, 2016 Board meeting, a presentation was made to fund additional marketing initiatives to suppo...