ITEM TITLE:
#22-45 - Amending the 2022 City Budget by accepting Unbudgeted Port Department Revenues Totaling $76,792.00 and Appropriating $44,051.70 to Port Overtime Expense
SUBMITTED BY: Jeremy Talbott, Ports & Harbors Director
FISCAL NOTES:
Expenditure Required: $44,051.70
Unencumbered Balance: $76,792.00
Funding Source: Armed Security Guard (Revenue): 401-0000-34220
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
The Spring 2022 military resupply movement was about 4 times larger than historic missions and lasted over 30 days. (Normally these missions last from 4-8 days.)
This resulted in a significant increase in guard and staff time expenditures. This unanticipated expenditure in the 2022 budget was offset with an increase in Port Revenues, which reflects a pass-through of this cost to our port customers.
We have made these adjustments in the past, after the fall resupply mission. I would anticipate that we will be back in the Fall of 2022 for one more adjustment to this account with additional revenue offsets as well.