Budget

MINUTES FROM THE 2022 BUDGET HEARING MEETING

OF THE PORT OF HOODSPORT COMMISSION

November 10, 2021

Call to Order: 9:03am                                              Adjourned: 9:20 am

Roll Call:                               Commissioner Booth– Commission Chair

                                                Commissioner Brazil – 2^nd Commission Chair, Trustee

                                                Commissioner Kincannon –

Staff Present:                        K Wyatt, Port Director, S Lindgren, Port Maintenance

Public:                                    Kirk Boxleightner, Mason County Journal               

A Public Hearing was held to consider testimony before adopting the FINAL 2022 Budget for the Port of Hoodsport. 

The Public was invited to speak, there were no public comments, the public comment portion of the hearing was closed.

The Port Director stated that the 2022 budget for the Port of Hoodsport has increased by 1.01% over the 2021 budgeted revenue. Even though property values have risen dramatically in 2021 within the Ports district, the Levy rate for the Port district has steadily decreased each year. For example, in 2017 the Ports Levy rate was .27cents per $1000. dollars, of the assessed value of property within the ports district, in 2021 the Ports Levy rate was .21cents per $1000. dollars of the assessed value of property; and for 2022 it has decreased to .19cents per $1000.dollars of property taxes.  The increase in Revenue for the Port of Hoodsport for the 2022 budget is $1,817.00 over 2021, an increase of 1.01% over the 2021 budgeted revenue.

Commissioner Brazil proposed and made a motion to increase the Port Directors contacted salary by $5,000. annually, an annual increase from $30,000. to $35,000. stating there has not been an increase in this position since 2011. Commissioner Brazil thanked the Port Director for the hard work during her 11 years with the Port of Hoodsport. Commissioner Kincannon seconded the motion, all were in favor and the motion carried.

Commissioner Kincannon made a motion to transfer $20,000.00 from the Port of Hoodsport’s Investment account into the general account to cover the 2022 maintenance and improvement costs for the 80 Acre Hoodsport Trail Park which includes the Disc Golf Park. She cited that in 2008, when the State of WA deeded the Hoodsport Trail Park to the Port of Hoodsport to become its steward, there was a stipulation in the agreement that all revenue collected from the Hoodsport Trail Park had to be reinvested into maintaining and improving the 80-acre Hoodsport Trail Park.  The revenue in the Port of Hoodsport’s investment account, currently $226,000. came from trees that had to be removed due to root rot and bark beetle infestation, Currently, there is a 15-year forest management plan in place to identify and remove sick and dying trees before they become hazard trees.  Commissioner Booth seconded the motion, all in favor, unanimously approved.

Commissioner Brazil thanked the Port Director for her hard work on the Ports 2022 balanced budget. 

Commissioner Kincannon motioned to let the record reflect that the 2022 Budget is a balanced budget, she made a motion to accept the 2022 budget as prepared and to adopt the 2022 Budget Resolution 2021-03 to reflect the Beginning Balance of $95,956.00, Income Revenue amount being $129,225.00 Expenditures $129,225.00 with the projected ending balance of $95,956.00; the motion was seconded by Commissioner Brazil, all in favor, unanimously approved.

The 2022 Budget hearing was adjourned at 9:20am

__________________     ______________________   _______________________

Commissioner Booth     Commissioner Kincannon   Commissioner Brazil

PORT OF HOODSPORT 2022 BUDGET
Ending Bal  2021	Beginning Balance JAN 2022	$              95,956.00
	REVENUE
362.40.00.3020	Moorage Fees (Port Dock/Marina)	$                          800.00
311.10.00.3000	Property Taxes Levy	$                  100,786.00
337.00.00.3020	Timber Excise Tax	$                       7,000.00
361.40.00.3010	Leasehold Excise Tax
317.30.00.0000	Refund Levy Tax	$                          259.00
386.00.14.0000	Sales Tax (Moorage)	$                             50.00
361.11.00.0000	Investment Interest	$                          205.00
361.10.00.3000	Non budgeted Income	$                          125.00
361.10.00.3000	Investment fund (Move to HTP & DGC)	$                     20,000.00
	2022 Total Revenues	$            129,225.00
Total Funds Available for Port of Hoodsport	Port of Hoodsport	$                  225,181.00
	EXPENSES
781.10.00.0010	Commissioner Position 1	$                       2,500.00
781.10.00.0020	Commissioner Position 2	$                       2,500.00
781.10.00.0030	Commissioner Position 3	$                       2,500.00
781.21.00.0000	Social Security	$                       1,500.00
781.22.00.0000	L&I, PFML,	$                             80.00
781.41.00.0010	Office & Maintenance Supplies	$                          800.00
781.41.00.0020	Small Tools PC	$                          900.00
781.41.00.0030	Postage	$                          200.00
781.31.00.0010	Attorney Services	$                       2,500.00
781.33.00.0010	Administration/CPA/Computer Tech IT	$                     40,000.00
781.33.00.0010	State Auditor -Schedule 22/Assessment	$                       2,000.00
781.60.00.0010	Other Lease/Rent	$                       4,200.00
781.71.00.0020	Election (Mason Co. Election Fees)	$                       1,500.00
781.72.00.0010	Lodging.Seminar.Parking.Meals	$                       5,000.00
781.72.00.0020	Mileage	$                       1,300.00
781.73.00.0010	WA Gov Entity Pool – Enduris	$                       6,500.00
781.74.00.0010	Newspaper Notices	$                          300.00
781.75.00.0010	Membership/Dues	$                          720.00
781.79.00.0010	Marketing	$                       1,000.00
781.88.00.0010	Telephone/Fax/Internet/Website	$                       3,500.00
781.88.00.0020	Email & On-Line Charges	$                          200.00
783.30.00.0010	Waterfront Park	$                       9,000.00
783.30.00.0020	Marina/Dock	$                     10,000.00
783.30.00.0030	Port Office	$                          500.00
783.30.00.0040	Hoodsport Trail Park	$                     14,000.00
783.30.00.0050	Public Restrooms	$                       9,000.00
783.30.00.0060	Surveilance	$                          900.00
783.30.00.0080	Disc Golf Course	$                       6,000.00
781.90.00.0010	Warrant Costs	$                          100.00
781.90.00.0030	Prop Taxes	$                             25.00
	Total Expenses	$                  129,225.00
2020	Projected Ending Balance	$                     95,956.00