PORT ANGELES — The Port of Port Angeles’ 2006 final budget projects a small general fund surplus, increased moorage fee income at Boat Haven and a smaller operating deficit at William R. Fairchild International Airport.
Port commissioners unanimously adopted next year’s spending plan at Monday’s regular board meeting.
The Port’s 2006 general fund budget shows total projected income of $5.94 million and projected expenses of $5.9 million, including $200,000 in major maintenance projects and capital projects of $1.5 million.
The Port Angeles Boat Haven is projected to record a $605,240 surplus in 2006, up from an estimated $351,811 in 2005.
The marina’s budget includes an additional $200,000 in projected income from a moorage rate increase approved in July.
The increases will range from 29 percent to 59 percent, effective Jan. 1. The budget also assumes a 10 percent decrease in occupancy because of the rate increase.
Fairchild International Airport is projected to lose only $60,500 in 2006, down from an estimated $175,600 in 2005.
The improved financial performance is attributed partially to the end of landing fee waivers for regularly scheduled commercial airlines at the airport and reduced labor costs.
