Presentation of 5 Year Financial Plan 2010-11 to 2014-15
Mission Statement Mission Statement The Port is a public enterprise committed to promoting a balance of * MARITIME * RECREATION * INDUSTRIAL * TRANSPORTATION * PUBLIC ACCESS * COMMERCIAL ACTIVITIES through appropriate management and development of the waterfront for the benefit of the people of the State of California
Projected Port Revenue Generation Projected Port Revenue Generation ($millions) ($millions) FY 2010-11 FY 2014-15 $1.8 $2.5 $12 $14 $53 $63 Maritime Maritime Real Estate Real Estate Other Other
Maritime Portfolio Maritime Portfolio � Cargo Shipping � Cargo Shipping � Foreign Trade Zone Foreign Trade Zone � � Harbor Services � Harbor Services · · Lay Berthing Lay Berthing � Commercial Fishing � Commercial Fishing � Sport Fishing � Sport Fishing · · Public Launch Public Launch · · Recreational Marinas Recreational Marinas � Ceremonial � Ceremonial · · Historic Ships Historic Ships � Excursions � Excursions � Ferries � Ferries � Passenger Cruise � Passenger Cruise � Ship Repair � Ship Repair � (no containers or liquid bulk) � (no containers or liquid bulk)
Commercial Real Estate Portfolio Commercial Real Estate Portfolio � Restaurants Restaurants � � Retail Shops � Retail Shops � Office Office � � Farmer Farmer’ ’s Market s Market � � Baseball Ballpark � Baseball Ballpark � Chocolate Factory Chocolate Factory � � Sourdough Bread Factory Sourdough Bread Factory � � Gin Distillery Gin Distillery � � Cement Batching Plants Cement Batching Plants � � Science Museum � Science Museum � Parking Parking �
Job Impacts from Port of SF (2006) Impacts from Port of SF (2006) Job Direct SF 1,954 Jobs 2,128 Indirect 9,461 Induced Produces $1.1 billion in annual economic activity within San Francisco
CCSF Fiscal Impacts from Port Activity CCSF Fiscal Impacts from Port Activity ($000) ($000) Taxes from Port Direct Jobs Taxes from Activity at Port $698 $460 $2,558 $7,812 $3,755 $5,960 $2,720 Sales Business Tax Parking Utility Tax Stadium Admissions Sales Tax Possessory Interest
Projected Port Forecast ($millions) Projected Port Forecast ($millions) $90 $60 $30 $0 2010-11 2011-12 2012-13 2013-14 2014-15 Estimated Fund Balance Total Operating Revenues Total Operating Expenses Annual Debt Service Payments Mandated Operating Reserve
Focus 1: Retain Cruising Legacy … … Focus 1: Retain Cruising Legacy Pier 35 Passenger Ship & Breakbulk Terminal Pier 35 Passenger Ship & Breakbulk Terminal
With Renewed Pier 27 Terminal & Plaza With Renewed Pier 27 Terminal & Plaza
Focus 2: Retain Breakbulk/ Bulk Legacy Focus 2: Retain Breakbulk/ Bulk Legacy Cargo Shipping (breakbulk) 1907 Cargo Shipping (breakbulk) 1907
Bulk & Breakbulk Cargo Next 5 Years Bulk & Breakbulk Cargo Next 5 Years
Focuses 3 & 4: Ensure highest possible Focuses 3 & 4: Ensure highest possible utilization & attract investment utilization & attract investment $2.1 Billion in Capital Needs $2.1 Billion in Capital Needs
Capital Needs Impacts to Date Capital Needs Impacts to Date Since the 1970’s, 15 of the original piers have been lost or replaced
Focus 5: Creation of Public Spaces Focus 5: Creation of Public Spaces Prepared by the Port of San Francisco
Focus 6: Promote Environmental & Human Focus 6: Promote Environmental & Human Health & Sustainability Health & Sustainability
Projected Port Bond Infusions ($millions) Projected Port Bond Infusions ($millions) 60 $59.5 50 40 30 20 $16.2 10 0 2010-11 2011-12 2012-13 2013-14 2014-15 GO Bonds Revenue Bonds
The Port of San Francisco Thanks You for Your Support!
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