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2015 Budget Workshop August 18. 2014 (RCW 53.35)

2015 Budget Workshop August 18. 2014 (RCW 53.35). 2015 Budget Process. August 14 Funding Requests Deadline 5:00 PM 18 Preliminary Budget Workshop 3:30 P.M.- 5:00 P.M. 18 Regular Commission Meeting 5:30 PM 19 Preliminary Budget Available to Public September

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2015 Budget Workshop August 18. 2014 (RCW 53.35)

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  1. 2015 Budget Workshop August 18. 2014 (RCW 53.35)

  2. 2015 Budget Process August • 14 Funding Requests Deadline 5:00 PM • 18 Preliminary Budget Workshop 3:30 P.M.- 5:00 P.M. • 18 Regular Commission Meeting 5:30 PM • 19 Preliminary Budget Available to Public September • 4 Special Meeting: Preliminary Budget Workshop 3:30 P.M.- 5:00 P.M. • 18 Preliminary Budget & Hearing- approve preliminary budget 5:30 P.M. • 29 First Public Notice; Preliminary Budget October • 6 Second Public Notice; Preliminary Budget • 16 Regular Commission Meeting- approval of proposed final budget 5:30 P.M. November • 3 First Public Notice; Final Budget • 10 Second Public Notice; Final Budget • 20 Regular Commission Meeting- approve final budget 5:30 P.M. December • 1 Certify to County Assessor amount of taxes levied; file final budget

  3. Revenue • Agricultural leases forecasted at $ 5,270.85 4.6% • Land leases forecasted at $135,562.15 9.4% • Decrease is subject to renegotiations of lease terms with Peri Formworks with highest potential decrease.

  4. Ag & Land Leases

  5. Revenue • Down River Drive Buildings • Guild Road • Pekin Road • Schurman Way Forecasted at $518,017.40 3.3% Contingent on the following: • Suite D site prepped and rented • Increase in rent based on market value and $0.42 per square foot for existing tenants

  6. Building Leases

  7. Revenue Miscellaneous • Sand Sales for Austin Point and Martin Bar • Fill Dirt Sales • Taxes • Other Revenue Forecasted at $521,551.36 62.7%

  8. Sand Sales Favorable option- increase of $77,500

  9. Revenue Total Revenue Forecast: $1,180,172.17 Actual 2014 Budget and Forecast: $981,303.13 16.8% Contingent upon all of the following: • Suite D at 1395 rented • JARPA & Sand Sales Resume and price determined • $0.42 current tenant lease rates • $0.35 new tenants lease rate for first year

  10. Expenditures 2015 Salaries, Per Diems and Benefits Salaries: $129,056.98 19.1% • New Maintenance Position and potential salary increases Per Diems: $5,292 48.9% • More accurately portrays actual per diem rate than forecasted in 2014 Benefits: $77,400 10.1%

  11. Expenditures 2015 Operations • Deferred Maintenance 17% • Marketing and Advertising Revamp 15% • Sand Sales Royalty Payment to DNR • Debt Services

  12. Debt Services 2014 Debt Balance Payments to Debt in 2014 $213,681 2015 Debt Balance Anticipated Payments to Debt in 2015 $206,828.73

  13. Expenditures 2015 Capital Improvements • Deferred maintenance: est. $100,000 • Appraisals of properties: est. $20,000-$30,000 • Energy Efficiency upgrades to existing buildings (grant dependent) • Down River Drive water meter separation Phase I- (Bld. 1395, 1391 & 1387): $20,000 • Martin Bar South site clean-up (WSDOT dependent)

  14. Expenditures 2015 Capital Investments • Rose Growers Industrial Park Binding Site Plan & Permitting: est. $102,000 • Rail Spur Concept & Engineering: est. $25,000-$40,000 • Rail Spur Implementation/ Construction: est. $400,000 (grant dependent) • Land acquisition(s) • Comprehensive Scheme of Harbor Improvements (RCW 53.20.010)

  15. Rose Growers Industrial Park

  16. Rail Spur Concept and Engineering

  17. Community Development/ Tourism Requests(RCW 53.08.255) • Woodland Rotary Club • Woodland Downtown Revitalization • Woodland Chamber of Commerce • LoveStreet Playhouse

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