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Presentation of 5 Year Financial Plan 2010-11 to 2014-15 Mission - - PowerPoint PPT Presentation
Presentation of 5 Year Financial Plan 2010-11 to 2014-15 Mission - - PowerPoint PPT Presentation
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 *
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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
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FY 2010-11
$12 $53 $1.8
Maritime Real Estate Other
Projected Port Revenue Generation Projected Port Revenue Generation
($millions) ($millions)
FY 2014-15
$14 $63 $2.5
Maritime Real Estate Other
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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)
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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
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9,461 2,128 1,954 Direct SF Jobs Indirect Induced
Job Job Impacts from Port of SF (2006)
Impacts from Port of SF (2006)
Produces $1.1 billion in annual economic activity within San Francisco
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Taxes from Port Direct Jobs
$5,960 $698 $460
Business Tax Utility Tax Sales Tax
CCSF Fiscal Impacts from Port Activity CCSF Fiscal Impacts from Port Activity ($000) ($000)
Taxes from Activity at Port
$7,812 $2,558 $3,755 $2,720
Sales Parking Stadium Admissions Possessory Interest
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$0 $30 $60 $90 2010-11 2011-12 2012-13 2013-14 2014-15
Estimated Fund Balance Total Operating Revenues Total Operating Expenses Annual Debt Service Payments Mandated Operating Reserve
Projected Port Forecast Projected Port Forecast ($millions)
($millions)
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Pier 35 Passenger Ship & Breakbulk Terminal Pier 35 Passenger Ship & Breakbulk Terminal
Focus 1: Retain Cruising Legacy Focus 1: Retain Cruising Legacy … …
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With Renewed Pier 27 Terminal & Plaza With Renewed Pier 27 Terminal & Plaza
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Cargo Shipping (breakbulk) 1907 Cargo Shipping (breakbulk) 1907
Focus 2: Retain Breakbulk/ Bulk Legacy Focus 2: Retain Breakbulk/ Bulk Legacy
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Bulk & Breakbulk Cargo Next 5 Years Bulk & Breakbulk Cargo Next 5 Years
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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
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Since the 1970’s, 15 of the
- riginal piers have
been lost or replaced
Capital Needs Impacts to Date Capital Needs Impacts to Date
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Prepared by the Port of San Francisco
Focus 5: Creation of Public Spaces Focus 5: Creation of Public Spaces
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Focus 6: Promote Environmental & Human Focus 6: Promote Environmental & Human Health & Sustainability Health & Sustainability
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$16.2 $59.5 10 20 30 40 50 60 2010-11 2011-12 2012-13 2013-14 2014-15 GO Bonds Revenue Bonds
Projected Port Bond Infusions Projected Port Bond Infusions ($millions)
($millions)
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