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City of Key West

City of Key West. Garrison Bight Fund Fiscal Year 2008-09 1 st Quarter Budget Review. March 10, 2009. City of Key West Garrison Bight Fund. Focus on 5 Major Operating Activities : 1) Marina Tenants Revenues Projected to Make Budget 2) Mooring Field Revenues

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City of Key West

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  1. City of Key West Garrison Bight Fund Fiscal Year 2008-09 1st Quarter Budget Review March 10, 2009

  2. City of Key West Garrison Bight Fund Focus on 5 Major Operating Activities: 1) Marina Tenants Revenues • Projected to Make Budget 2) Mooring Field Revenues • 4.16%1st Qtr Loss Approx. $ 7K • Projected Annual Loss Approx. $31K 3) Transient Revenues • 8.34%1st Qtr Loss Approx. $ 17K • Projected Annual Loss Approx. $ 83K 4) Ramp / Pump Out Revenues • 3.0%1st Qtr Loss Approx. $1.3K • Projected Annual Loss Approx. $5.5K * FY 2009 1st Qtr Loss / Gain as Compared to Average of Last Two (2) FY 1st Qtrs.

  3. City of Key West Garrison Bight Fund Recovery Plan: Projected FY 2009 Operating Loss: $120K Approx. 7.5% Unfavorable Variance to Operating Budget Expenditure Reductions: Mooring Field Program – County Grant Lower Solid Waste Expenditure Lapsed Salary from Unfilled Positions Floating Dock Bids - Lower Than Budgeted Misc. Expenditure Eliminations / Reductions

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