Details for OREGON INTERNATIONAL PORT OF COOS BAY - Ad from 2019-06-11

101-PUBLIC NOTICES 20347339 NOTICE OF BUDGET HEARING FORM LB-1 A public meeting of the Board of Commissioners of the Oregon International Port of Coos Bay will be held on June 17, 2019, at 6:30 pm at the Port of Coos Bay's Commission Chambers, 125 W Central Avenue, Suite 230, Coos Bay, Oregon. The purpose of this meeting is to discuss the budget for the fiscal year beginning July 1, 2019, as approved by the Oregon International Port of Coos Bay's Budget Committee. A summary of the budget is presented below. A copy of the budget may be inspected or obtained at 125 W Central Avenue, Suite 300, Coos Bay, Oregon, between the hours of 8:00 a.m. and 5:00 p.m. or online at www.portofcoosbay.com. This budget is for an annual budget period. This budget was prepared on a basis of accounting that is consistent with the basis of accounting used during the preceding year. Contact: Megan Richardson Email: mrichardson@portofcoosbay.com Telephone: (541) 267-7678 FINANCIAL SUMMARY - RESOURCES Actual Amount 2017-2018 Beginning Fund Balance/Net Working Capital 2,051,280 Fees, Licenses, Permits, Fines, Assessments & Other Service Charges 14,033,120 Federal, State and all Other Grants, Gifts, Allocations and Donations 2,020,115 Revenue from Bonds and Other Debt 0 Interfund Transfers / Internal Service Reimbursements 72,105 All Other Resources Except Current Year Property Taxes 67,977 Current Year Property Taxes Estimated to be Received 1,635,454 Total Resources 19,880,051 TOTAL OF ALL FUNDS Adopted Budget This Year 2018-2019 4,011,280 10,607,385 23,752,467 2,117,655 900,748 50,000 1,700,000 43,139,535 FINANCIAL SUMMARY - REQUIREMENTS BY OBJECT CLASSIFICATION Personnel Services 3,127,755 Materials and Services 11,831,842 Capital Outlay 1,960,464 Debt Service 226,232 Interfund Transfers 454,406 Contingencies 0 Special Payments 0 Unappropriated Ending Balance and Reserved for Future Expenditure 2,279,353 Total Requirements 19,880,051 Approved Budget Next Year 2019-20 4,853,494 7,648,670 42,056,592 90,000 262,896 50,000 1,724,000 56,685,652 3,332,260 8,483,159 25,902,683 974,838 900,748 50,000 0 3,495,847 43,139,535 3,380,486 5,138,382 42,589,337 923,495 1,660,896 50,000 0 2,943,056 56,685,652 FINANCIAL SUMMARY - REQUIREMENTS AND FULL-TIME EQUIVALENT EMPLOYEES (FTE) BY ORGANIZATIONAL UNIT OR PROGRAM * Name of Organizational Unit or Program FTE for that unit or program Administration 1,294,361 3,275,772 FTE 7 7 Charleston Ops 2,578,230 2,774,826 FTE 20 20 External Affairs 542,423 659,293 FTE 3 3 Port Ops 4,805,109 2,768,608 FTE 2 2 Port Development 1,056,023 255,416 FTE 2 2 Rail Ops 6,252,881 27,909,944 FTE 1 1 Dredge Ops 391,034 124,242 FTE 0 0 Not Allocated to Organizational Unit or Program 2,959,991 5,371,433 FTE 0 0 Total Requirements 19,880,051 43,139,535 Total FTE 35 35 1,594,293 7 2,890,924 18 509,231 3 3,194,294 2 362,635 3 42,201,917 1 404,911 0 5,527,447 0 56,685,652 34 STATEMENT OF CHANGES IN ACTIVITIES and SOURCES OF FINANCING * None Permanent Rate Levy (rate limit .6119 per $1,000) Local Option Levy Levy For General Obligation Bonds LONG TERM DEBT General Obligation Bonds Other Bonds Other Borrowings Total PROPERTY TAX LEVIES Rate or Amount Imposed 2017-2018 .0006119 STATEMENT OF INDEBTEDNESS Estimated Debt Outstanding on July 1. $0 $0 $7,848,557 $7,848,557 Rate or Amount Imposed This Year 2018-2019 .0006119 Rate or Amount Approved Next Year 2019-20 .0006119 Estimated Debt Authorized, But Not Incurred on July 1 $0 $0 $90,000 $90,000 Published; June 11. 2019 The World & ONPA (I-20347339)

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