2012_Final_Budget

November 3, 2011November 3, 2011
Operating Budget & CapitalOperating Budget & Capital
Improvement PlanImprovement Plan

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Introduction
MESSAGE FROM THE EXECUTIVE DIRECTOR 2
WHO WE ARE/WHAT WE DO 3
ORGANIZATIONAL CHART 4
COMMISSIONERS 5
COMMISSIONER DISTRICT MAP 6
THE BUDGET PROCESS 7
Operating Budget
FINANCIAL OVERVIEW 8
2012 BUDGET SUMMARY INCOME STATEMENT 9
2012 OPERATING BUDGET 7-YEAR TRENDS 10
AIRPORT 12
CAP SANTE BOAT HAVEN 13
MARINE TERMINAL 14
PROPERTY RENTALS 15
2012 COMBINED OPERATING BUDGET 16
Capital Improvement Plan (CIP)
OVERVIEW 18
CIP GLOSSARY OF TERMS 19
CIP CONSOLIDATED SUMMARY 20
2012 CIP 21
Capital Purchases
2012 CAPITAL PURCHASES 26
Cash Flow Projections
DEFINITIONS & ASSUMPTIONS 27
CASH FLOW PROJECTIONS 2010-2014 27
Property Tax
2012 TAX AT A GLANCE 33
2012 TAX LEVY 34
DISTRICT PROPERTY TAX DISTRIBUTION 35
2011 CLASS A PORT TAX LEVY COMPARISONS 36
Supplemental Information
2012 BUDGET – SUPPLEMENTAL COMPARISONS 37
TREASURER’S REPORT 49
SCHEDULE OF SALARY GRADES FOR FULL-TIME POSITIONS 51
Cover Photo: Port Staff at the new Anthony’s Restaurant (Photo by Steve Berentson)

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Message from the Executive Director
Thank you for your interest in the Port of Anacortes’ 2012 Budget. The Port of Anacortes is in the midst of executing its 20-plus year
Comprehensive Plan for growth. This year’s focus will be on renewal of the Port’s older facilities and building systems.
Over 140 slips in the Cap Sante Boat Haven will be vastly improved with the long awaited replacement of 1960’s vintage E & F Docks. This $7
million capital project will replace dilapidated creosoted wood piles and floats with a state of the art concrete monolithic and steel pile system.
The Harbormaster’s office complex will receive a new energy efficient heating, ventilating and air conditioning system to replace the 20-year old
system still in operation.
At the Marine Terminal, the Port will begin in earnest the export of prilled sulfur from the Marsulex Company prilling plant in Mount Vernon.
The Port’s Transit Shed complex will receive some new pile supports, as well as a fire protection system in the common area. The Port
administrative offices will receive a new energy efficient heating and ventilating system, as well as some interior office space upgrades. The
1960’s vintage long shore workers building at Pier 2 will be replaced and relocated, which will make way for future cargoes.
At the Anacortes Airport, the Port will begin a 2-year process to update the Airport’s 1994 Master Plan.
Environmental cleanup efforts will include work on the former Shell Site at 13th
Street and Q Avenue, as well as at the Port’s Log Pocket area
adjacent to Pier 2.
In connection to our community the Port will again host the PassageMaker Magazine Trawlerfest, Waterfront Festival, the Cap Sante Marina
Summer Concert Series, summer performers on the Central Pier of the Boat Haven, and the Puget Sound Anglers Salmon Derby at the Cap Sante
Boat Haven, as well as the popular Anacortes Workboat Races, now entering its fourth year.
The 2012 budget also provides resources for targeted marketing efforts for the Port to increase transient boat traffic, rendezvous and cruising
groups, and permanent moorage. 2012 will see the Port having a continued presence at the Seattle Boat Show, local festivals, as well as a much
more active role in the community.
Furthering our partnerships, 2012 will be a year in which the Port will continue to work collaboratively and synergistically with the City of
Anacortes, Chamber of Commerce, the Anacortes Futures Project, the Marine Trades Association, the Anacortes School District, Port tenants,
local Tribes, the Port of Skagit, Skagit County, and the community to create living wage jobs and commerce while enhancing the quality of life in
our local community.
2012 looks to be yet another exciting year for the Port of Anacortes. If you have any questions or would like a tour of the Port, please call me at
360.293.3134.
Robert W. Hyde
Executive Director

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WWhhoo WWee AArree//WWhhaatt WWee DDoo
Who We Are/What We Do
Who We Are
The Port of Anacortes is a municipal corporation of the State of Washington created in 1926 under provision of the Revised Code of Washington
(R.C.W. Title 53 et seq.). The Port is authorized by statute of the State of Washington to provide for the development and maintenance of
harbors and terminals, promote tourism and foster economic activity in its district. The Port is independent from other local or state
governments and has geographic boundaries that consist of Fidalgo, Guemes, Cypress, Sinclair, and neighboring islands, and a small strip of land
bordering Padilla Bay up to and including Samish Island.
A five-member Board of Commissioners elected for four-year terms by Port District voters governs the Port. The Commission delegates
administrative authority to an Executive Director and staff to conduct operations of the Port. The County levies and collects taxes on behalf of
the Port as determined by the Board of Commissioners and acts as treasurer for the Port as defined under the Revised Code of Washington
53.36.010.
Industrial Development Corporation of the Port of Anacortes. The Industrial Development Corporation, a public corporation, is authorized to
facilitate the issuance of tax-exempt nonrecourse revenue bonds to finance industrial development within the corporate boundaries of the Port.
Revenue bonds issued by the Corporation are payable from revenues derived as a result of the industrial development facilities funded by the
revenue bonds. The bonds are not a liability or contingent liability of the Port or a lien on any of its properties or revenues other than industrial
facilities for which they are issued.
The Port of Anacortes’ five member Port Commission serves as the Board of Directors for the Industrial Development Corporation.
What We Do
The Port is authorized by Washington law (R.C.W. Title 53.08) to provide and charge rentals, tariffs and other fees for docks, wharves and similar
harbor facilities, including associated storage and traffic handling facilities for waterborne commerce. The Port may also provide freight and
passenger terminals and transfer and storage facilities for other modes of transportation, including air, rail and motor vehicles. The Port may
acquire and improve lands for sale or lease for industrial or commercial purposes, and may create industrial development districts.

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Organizational Chart

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Commissioners
Steve Hopley Commissioner 2011 District 3 Term Expires: December 31, 2011
Commissioner Hopley was initially elected Port Commissioner in 2003. Mr. Hopley’s career included commercial fishing and fishing/vessel
management. Mr. Hopley has a B.A. in Chemistry from the University of Washington and an MA from University of Washington College of Forest
Resources. Mr. Hopley is retired. Mrs. Hopley is a part-time employee at Sonofresco, a local coffee roaster manufacturer.
Pat D. Mooney Commission Vice-President 2011 District 4 Term Expires: December 31, 2011
Commissioner Mooney was initially elected Port Commissioner in 1999. Mr. Mooney is a life-long Anacortes resident. He and wife, Betty,
opened Piston Service Auto Parts in 1967, now run by their son, Patrick and son-in-law, Kenth. The Mooneys enjoy community service, travel and
spending time with their active family. Mr. and Mrs. Mooney are retired.
Ray Niver Commission Secretary 2011 District 1 Term Expires: December 31, 2013
Commissioner Niver was initially elected Port Commissioner in 2001. Mr. Niver received a B.S. degree from the University of Washington. He is a
retired systems analyst with experience in both the private and public sector.
Keith Rubin Commission President 2011 District 5 Term Expires: December 31, 2013
Commissioner Rubin was initially elected Port Commissioner in 2005. Mr. Rubin's careers include work on ferries, dredging, commercial fishing
and seafood processing management. He has owned and run several successful small businesses. Mr. Rubin is retired and spends time
promoting sustainability in order to build a stronger community with emphasis on public policy and how those policies affect food, energy and
transportation. Mr. Rubin is a lifelong boater and is a volunteer with the Sea Scouts. Mr. Rubin is landlord of a single residential rental property
and boards horses on his local farm. Mrs. Rubin is retired.
William L. Short Commissioner 2011 District 2 Term Expires: December 31, 2013
Commissioner Short was initially elected Port Commissioner in 2001. Mr. Short’s career included experience as a design engineer, aircraft
administrator, college level business and economic professor, restaurant operator/owner and finally as an independent stockbroker of his own
firm for 18 years. Mr. Short retired to Anacortes in 1996. Mr. Short has a BBA degree in Business Administration and an MBA, both from
California Western University. Mr. Short enjoys sailing and is active in the Kiwanis Club’s Thrift Store. Mrs. Short is also retired.

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CCoommmmiissssiioonneerr DDiissttrriicctt MMaapp
Commissioner District Map

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TThhee BBuuddggeett PPrroocceessss
The Budget Process
The budget has several major purposes. It converts the Port’s plans and policies into services and future capital improvement projects. It serves
as a vehicle to communicate these plans to the public, shows the costs of Port services and projects and outlines the revenues that will support
these services and projects, including the rate of taxation for the coming fiscal year. Once the Commission has adopted the budget, it becomes
the work plan to be accomplished during the next fiscal year.
The budget process began in mid-summer with a “Call for Projects” meeting attended by the Port’s Managers and Directors. Based on
guidelines and goals established by the management team, Managers prepared individual budgets for their departments that were initially
discussed and reviewed with each department’s Director.
The Executive Director and Director of Finance and Administration met with management staff individually and as a team several times between
September and October to discuss budget issues and priorities for the year 2012 and beyond. The 2012 preliminary budget was reviewed and
refined by staff and then a copy was provided to the Commission on September 16, 2011 in anticipation of the budget study session. On
October 6, 2011, a study session was held regarding the various components of the budget. Legal Notices were placed in the local papers on
October 19, 20, and 27, 2011, advising the preliminary budget would be available on October 27, 2011, and noting the Public Hearing date.
Citizen involvement and understanding of the budget is a key part of the review process. Upon request, staff is available to answer questions
and provide explanations. A Public Hearing will be held on November 3, 2011 for the Commission to hear public comment regarding the 2012
Budget. The budget is scheduled for adoption at that hearing, with a special budget hearing continuation meeting if necessary.
Chris Johnson
Director of Finance and Administration
Photo: Fidalgo Island Aerial View
(Photo by Steve Berentson)

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Financial Overview
Operating Revenues (Excluding Operating Grant Revenues)
The 2012 budget reflects total operating revenues of $13.7 million, which an increase of 19.1% from the 2011 budget. Overall, the Port’s
revenues are spread throughout the operating units with Airport providing 2%, Cap Sante Boat Haven 47%, Marine Terminal 41% and Property
Rentals 10% of operating revenues.
Operating Expenses
Port wide operating expenses are budgeted to be $12.8 million in 2012, a 20.7% increase from the 2011 budget. General and administrative
expenses total $2.6 million, or 20.3% of total operating expenses, and are allocated to each operating segment as a percentage of total
operating expenses.
Operating Income
The 2012 budget reflects a net operating income of $911,294, a 5.1% increase when compared to the 2011 budget.
Non-Operating Revenues & Expenses
The 2012 budget reflects a $530,000 tax levy, which was the same amount levied each year for the last five years. Interest income is budgeted
conservatively at $50,200 for 2012, as it is the Port’s expectation to use available General, Construction, and Environmental Fund cash balances
towards our 2012 budgeted capital and environmental projects. Included in the 2012 environmental items are expenses and grants related to
continued environmental activities principally at the South Basin Property and the Port’s Log Pocket area adjacent to Pier 2.
Net Income
The 2012 budget reflects a net income of $1.1 million, a decrease when compared to the budgeted net income for 2011. This decrease is
primarily related to non-operating environmental activities.

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22001122 BBuuddggeett SSuummmmaarryy IInnccoommee SSttaatteemmeenntt
2012 Budget Summary Income Statement
Photo: 3rd
Annual Port of Anacortes Workboat Races (Photo by Steve Berentson)
OPERATING REVENUES
Marine Terminal $ 5,578,820
Cap Sante Boat Haven 6,416,750
Airport 275,300
Properties 1,440,167
-
TOTAL OPERATING REVENUES 13,711,037
OPERATING EXPENSES
Marine Terminal 3,126,893
Cap Sante Boat Haven 3,655,863
Airport 99,321
Properties 256,902
G&A 2,595,517
Operations 776,982
-
SUBTOTAL 10,511,478
Depreciation 2,288,265
-
TOTAL OPERATING EXPENSE 12,799,743
NET OPERATING INCOME $ 911,294
=
Non-Operating Revenues 681,962
Non-Operating Expenses (749,253)
-
NET NON-OPERATING (67,291)
Capital Grants - All Departments $ 942,500
-
NET INCOME BEFORE ENVIRONMENTAL 1,786,503
ENVIRONMENTAL ACTIVITY
Environmental Grants and Recoveries 483,050
Environmental Expenses (1,518,049)
GASB 49 Costs Previously Accrued 334,025
-
NET ENVIRONMENTAL (700,974)
-
NET INCOME $ 1,085,529

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22001122 OOppeerraattiinngg BBuuddggeett:: RReevveennuuee && EExxppeennssee TTrreennddss
2012 Operating Budget 7-Year Trends

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22001122 OOppeerraattiinngg BBuuddggeett:: OOppeerraattiinngg RReevveennuuee ppeerr FFTTEE**
*Full Time Equivalent Employee

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22001122 OOppeerraattiinngg BBuuddggeett:: AAiirrppoorrtt
Airport
Overview: Overall, airport revenue in 2012 is expected to remain
flat. The high cost of fuel as well as the current economic climate
has resulted in fewer passengers and flights coupled with continued
hangar vacancies. However, the majority of the airport revenues are
secured with long term leases.
2012 Significant Initiatives:
• The Port Commission will begin 20 year Master Plan Process
• No major Capital Improvement projects are planned for
2012.
• Port staff will continue to work with businesses and
individuals who have expressed interest in negotiating
leases and constructing hangars.
• The Port staff will continue to facilitate a public process for
addressing compatibility, noise and safety issues at the
Anacortes Airport through the Anacortes Airport Advisory
Committee.
Revenues:
T-Hangars $ 105,000
Properties 159,000
Operations 11,300
Total Operating Revenues 275,300
Expenses:
Wages & Benefits -
Operations & Maintenance 184,056
G&A Allocation 64,670
Depreciation 372,698
Total Operating Expenses 621,424
Net Operating Income (346,124)
Capital Grant -
Net Loss $ (346,124)
Photo: Anacortes Airport

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22001122 OOppeerraattiinngg BBuuddggeett:: CCaapp SSaannttee BBooaatt HHaavveenn
Cap Sante Boat Haven
Overview: The Boat Haven’s permanent moorage revenues are
expected to slightly decrease during the reconstruction of E & F
docks but will rise again in the summer season when E & F are
reopened. Moorage rates are projected to increase by 3%, effective
in July 2012. Transient moorage rates will increase by $0.05 to
$1.15 a linear foot. Fuel cost will continue to fluctuate but the
margin will move with the market. Aggressive pricing will maintain
2011 volume levels. A full year of rental revenue from the Seafarers
Memorial Park building is projected.
• Staff will demolish and replace “E” and “F” docks.
• West Basin Redevelopment – The Boat Haven staff will
assist, as appropriate, in the ongoing upland development
efforts for the West Basin.
• The Boat Haven will continue to actively support premier
community events such as the Waterfront Festival,
Trawlerfest, Anacortes Salmon Derby, sailing regattas as
well as the Spring and Fall Floating Boat Shows.
• Staff will market the Boat Haven to yacht clubs and boat
owner organizations as a rendezvous destination.
• Staff will also work with the community organizations to
sponsor the Friday Night Concert Series.
• Cap Sante Boat Haven Marina Advisory Committee - The
Port staff will continue to facilitate a public process for
addressing policies, procedures, pricing, development and
safety issues at the Marina.
Revenues:
Moorage $ 3, 522,200
Fuel Dock/Flowage 2,430,750
Other 463,800
Total Operating Revenues 6,416,750
Expenses:
Wages & Benefits 715,359
Operations & Maintenance 3,389,051
G&A Allocation 1,442,189
Total Operating Expenses 6,416,255
Net Operating Income 495
Capital Grant 367,500
Net Income $ 367,995

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22001122 OOppeerraattiinngg BBuuddggeett:: MMaarriinnee TTeerrmmiinnaall
Marine Terminal
Overview: Shipping of petroleum coke and sulfur continues to be
the primary revenue-generating activity at the Marine Terminal.
Petroleum coke shipments are expected to remain similar to 2011
levels. No major changes in the Port’s coke handling operations are
anticipated in 2012. Sulfur export tonnage is estimated to be
100,000 metric tons. Dockage revenue from berthing of barges is
expected to remain constant in 2012.
• Security – Staff will continue to implement the Marine
Terminal Homeland Security Plan.
• Planned Capital Projects include a new rest room facility,
Main Gate access controls with cameras, and cathodic
protection for the mooring dolphins.
• Marketing – Staff will continue to aggressively market the
Port’s terminal facilities:
o Negotiate a new petroleum coke export contract
effective June 2013.
o To secure new export volumes.
o To secure new marine cargo opportunities such as
“Heavy Lifts” for Pier 2.
o To increase additional docking revenues for barges.
o To market Curtis Wharf in response to the needs of
the local shipping community.
Revenues:
Handling $ 2,463,100
Terminal Services 2,457,450
Other 658,270
Expenses:
Wages & Benefits 2,572,045
G&A Allocation 1,141,646
Total Operating Expenses 5,087,909
Net Operating Income 490,911
Capital Grants 575,000
Net Income $ 1,065,911

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22001122 OOppeerraattiinngg BBuuddggeett:: PPrrooppeerrttyy RReennttaallss
Property Rentals
Overview: The majority of Property Rentals revenues are
determined by an already negotiated lease rate with increases
either set by Consumer Price Index (CPI) or by a fixed rate. For
2012, the Property Rentals operating revenues are budgeted to
reflect 2% CPI increases. Due to the popularity of the Transit Shed
for event hosting, revenues are expected to increase by 5% in 2012
for that facility.
• The Puget Sound Rope new office building will be ready for
occupancy in December of 2011.
• The port will continue to acquire properties within the
Port’s Comprehensive Plan when available and affordable.
• The “O” Avenue Mitigation Site annual monitoring began in
2011. Annual mitigation site monitoring for the Fidalgo Bay
Eelgrass Mitigation Site began in 2010. Both are required
by the permitting agencies for Project Pier 1. Expenses for
both sites are slightly below $100,000 per year and are
reflected in the Property Rentals Operating Budget. The
required years for monitoring for the Fidalgo Bay site are
2012, 2013 & 2017. The required years for monitoring for
the “O” Avenue site are 2012, 2014 & 2016.
Revenues:
Rentals $ 1,440,167
Expenses:
Wages & Benefits 58,449
G&A Allocation 109,530
Total Operating Expenses 674,156
Net Income $ 766,011
Image: Puget Sound Rope
Building Concept Drawing
(Underwood &
Associates, LLC.)

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22001122 CCoommbbiinneedd OOppeerraattiinngg BBuuddggeett
2012 Combined Operating Budget
Airport
Cap Sante
Boat Haven
Marine
Terminal Properties G&A Non-Op Totals
OPERATING REVENUES
Handling $ - $ - $ 2,463,100 $ - $ - $ - $ 2,463,100
Terminal Services - - 2,457,450 - - - 2,457,450
Moorage - 3,522,200 - - - - 3,522,200
Fuel - 2,430,750 - - - - 2,430,750
T Hangars 105,000 - - - - - 105,000
Property Rentals 159,000 - - 1,440,167 - - 1,599,167
Other 11,300 463,800 658,270 - - - 1,133,370
TOTAL OPERATING REVENUES 275,300 6,416,750 5,578,820 1,440,167 - - 13,711,037
OPERATING EXPENSES
Wages and Benefits - 715,359 - 58,449 1,817,657 - 2,591,465
Operations 184,056 3,389,051 3,249,205 252,943 882,829 - 7,958,084
Depreciation 372,698 869,656 697,058 253,234 57,548 - 2,250,194
SUBTOTAL 556,754 4,974,066 3,946,263 564,626 2,758,034 - 12,799,743
General & Administrative
Allocations 64,670 1,442,189 1,141,645 109,530 (2,758,034) - -
NET OPERATING
INCOME (LOSS) $ (346,124) $ 495 $ 490,912 $ 766,011 $ - $ - $ 911,294

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22001122 CCoommbbiinneedd OOppeerraattiinngg BBuuddggeett ((ccoonnttiinnuueedd))
Airport
Cap Sante
Boat Haven
Marine
Terminal Properties G&A Non-Op Totals
CAPITAL GRANTS $ - $ 367,500 $ 575,000 $ - $ - $ - $ 942,500
NON-OPERATING
Revenues - - - - - 681,962 681,962
Expenses - - - - - (749,253) (749,253)
NET NON-OPERATING - - - - - (67,291) (67,291)
Grants and Recoveries - - - - - 483,050 483,050
Expenses - - - - - (1,184,024) (1,184,024)
NET ENVIRONMENTAL
ACTIVITY - - - - - (700,974) (700,974)
TOTAL NET INCOME(LOSS) $ (346,124) $ 367,995 $ 1,065,912 $ 766,011 $ - $ (768,265) $ 1,085,529
Photo: E & F Dock Replacement Progress (Photo by Steve Berentson)

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CCaappiittaall IImmpprroovveemmeenntt PPllaann OOvveerrvviieeww
Overview
The 2012 Capital Improvement Plan (CIP) is the result of a planning process conducted by Port staff and Commissioners throughout much of
2011. The process involved identifying all potential projects, some from a list of previously unfunded or backlogged projects, some new, and
several ongoing projects. Many of the projects on the list originated from the Port’s 2000 Comprehensive Plan. A formal project inventory was
developed that described each project and also included information such as a budget worksheet and estimated cost, funding source (including
grant funding), required permits, and potential impacts to the environment and the community.
Port Commissioners evaluated and ranked the potential projects, prioritizing those that could be funded and best met the Port’s mission
statement. The resulting Project Inventory notebook has become a valuable resource tool for both Commissioners and staff alike.
Projects in the CIP have been categorized as follows:
• Economic Development
• Community Development
• Health and Safety
• Facility Maintenance and Repair
The 2012 CIP focuses on renewal of the Port’s older facilities and building systems. Over 140 slips in the Cap Sante Boat Haven will be vastly
improved with the long awaited replacement of 1960’s vintage E & F Docks. This $6.5 million capital project will replace dilapidated creosoted
wood piles and floats with a state of the art concrete monolithic and steel pile system. The Harbormaster’s office complex will receive a new
energy efficient heating, ventilating and air conditioning system to replace the 20-year old system still in operation.
The Port’s Transit Shed complex will receive some new pile supports, as well as a fire protection system in the common area. The Port
administrative offices will receive a new energy efficient heating and ventilating system, as well as some interior office space upgrades. The
1960’s vintage longshore workers building at Pier 2 will be replaced and relocated, which will make way for future cargoes.
At the Anacortes Airport, the Port will begin a 2-year process to update the Airport’s 1994 Master Plan.

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CCIIPP GGlloossssaarryy ooff TTeerrmmss
CIP Glossary of Terms
PORT FUNDING SOURCES
• Property Sales Proceeds Fund
Cash fund which is an accumulation of proceeds from the sale of surplus Port properties. The Port Commission has restricted the use of this fund to
projects that meet the criteria of property acquisition and/or industrial development.
• General Fund
Non-restricted cash fund derived from Retained Earnings.
• Tax Fund
Cash fund that is an accumulation of property tax revenues received. Uses of this fund are property acquisition, industrial development including
environmental costs, debt service for general obligation bonds, , and public amenities, as established by the Port Commission.
• Environmental Fund
Cash fund that is an accumulation of environmental cost recovery actions. The uses of this fund are focused on analytical investigations and clean up
actions. Property acquisition for the purpose of environmental cleanup is eligible for this funding source.
• Construction Fund
Cash fund that is funded primarily from the General Fund for construction projects.
GRANT/OTHER FUNDING SOURCES
• ARRA
The American Recovery and Reinvestment Act of 2009
• BIG
Boating Infrastructure Grant

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22001122 CCIIPP CCoonnssoolliiddaatteedd SSuummmmaarryy
CIP Consolidated Summary
Number
of
Projects
Cost Center
2011 Carry
Forward
2012 Project
Budget
TOTAL FUNDING FOR NEW PROJECTS
PORT GRANTS
Source Dollars Source Dollars
1 Airport $ 0 $ 40,000 - - - $ 40,000 - - - $ 0
5 Cap Sante Boat Haven 1,320,000 365,000 - - - 365,000 - - - 0
7 Marine Terminal 575,000 915,000 - - - 915,000 - - - 0
0 Property Rentals 0 0 - - - 0 - - - 0
1 Port Wide 0 480,000 - - - 120,000 - - - 360,000
14 Total Dollars for All Projects $ 1,895,000 $ 1,800,000 - - - $ 1,440,000 - - - $ 360,000

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22001122 AAiirrppoorrtt CCIIPP
2012 CIP
Project
Number
Project Title Project Type
2011 Carry
Forward
2012 Project
Budget
PORT GRANTS
ARP-21 Airport Master Plan Regulatory $ 0 $ 40,000 General Fund $ 40,000 - - - $ 0
Total Dollars for Airport Projects $ 0 $ 40,000 - - - $ 40,000 - - - $ 0
Photo: Anacortes Airport

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22001122 CCaapp SSaannttee BBooaatt HHaavveenn CCIIPP
Project
Number
2011 Carry
Forward
2012 Project
Budget
PORT GRANTS
CSBH-08d
E&F Replacement,
Construction
Facility M&R $1,320,000 $ 0 - - - $ 0 - - - $ 0
CSBH-05
North Breakwater
Replacement
(Scoping)
Facility M&R 0 20,000 Tax Fund 20,000 - - - 0
CSBH-22
West Basin Building
HVAC Replacement
Facility M&R 0 275,000
General
Fund
275,000 - - - 0
0
CSBH-27
A Dock Access Ramp
(Scoping)
0
CSBH-28
M,N,O Dock
Maintenance
Dredging (Scoping)
General
Fund
50,000 - - - 0
Total Dollars for Cap Sante Boat Haven $1,320,000 $ 365,000 - - - $ 365,000 - - - $ 0

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22001122 MMaarriinnee TTeerrmmiinnaall CCIIPP
Project
Number
2011 Carry
Forward
2012 Project
Budget
PORT GRANTS
MRT-13
Pier 2 Security
Improvements
Regulatory $ 575,000 $ 0 - - - $ 0 - - - $ 0
MRT-04
MPO Fire Suppression
System
Health & Safety 0 200,000
General
Fund
200,000 - - - 0
MRT-16
Pier I Replacement
(Scoping)
MRT-08
MPO Pile
Replacement
MRT-18
MPO Remodel -
Scoping and Design
General
Fund
200,000 - - - 0
MRT-02
Cathodic Protection
for Dolphins
General
Fund
255,000 - - - 0
MRT-20
Longshore Building
Replacement
General
Fund
185,000 - - - 0
Total Dollars for Marine Terminal Projects $ 575,000 $ 915,000 - - - $ 915,000 - - - $ 0

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22001122 PPrrooppeerrttyy RReennttaallss CCIIPP
Project
Number
2011 Carry
Forward
2012 Project
Budget
PORT GRANTS
$ 0 $ 0 - - - $ 0 - - - $ 0
Total Dollars for Property Rentals Projects $ 0 $ 0 - - - $ 0 - - - $ 0
Photo: Seafarers’ Memorial Park Improvements (Photo by Steve Berentson)

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22001122 PPoorrtt WWiiddee CCIIPP
Project
Number
2011 Carry
Forward
2012 Project
Budget
PORT GRANTS
GEN-09
Port Security
Improvements
Health & Safety $ 0 $ 480,000
General
Fund
$ 120,000
Homeland
Security
$ 360,000
Total Dollars for Port Wide Projects $ 0 $ 480,000 - - - $ 120,000 - - - $ 360,000

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22001122 CCaappiittaall PPuurrcchhaasseess
2012 Capital Purchases
Asset Scheduled Use Amount
Operations Shed Facility M&R $ 15,000
Stage Transit Shed Events 5,000
Bobcat Facility M&R 34,000
Hydraulic Lift Facility M&R 10,000
Portable Gen-Set Safety & Welfare/Events 99,544
Vactron Regulatory 100,000
Total Dollars for Capital Purchases $ 263,544
The Port of Anacortes capitalizes all asset purchases over $5,000 with a useful life of greater than one year.

27
CCaasshh FFllooww PPrroojjeeccttiioonn:: DDeeffiinniittiioonnss && AAssssuummppttiioonnss
Definitions & Assumptions
Sources & Uses of Cash
Net Operating Income: Net Operating Income is the results of operations from the Port’s operating units: Airport, Cap Sante Boat Haven, Marine
Terminal, and Property Rentals. In general these operating units are expected to generate sufficient revenues to pay for operating costs
including normal maintenance and repair, allocation of general and administrative costs and debt service on capital projects. Net Increases are
conservatively estimated to increase at 1% per year.
Tax Levy: The 2012 budget represents a tax levy of $530,000. The same amount is projected for all future years.
Other Non-Operating: Includes late fee charges on customer accounts, leasehold excise tax receipts and election costs. A constant level is
assumed for these items.
Interest Earned on Investments: Interest income is budgeted conservatively for 2012, as it is the Port’s expectation to use available General,
Construction, and Environmental Fund cash balances towards our 2012 budgeted capital and environmental projects. Estimated interest
earnings in future years were calculated based upon estimated average investment balances, using a rate of .3% in year one, .5% in year two, 1%
in year three, 2% in year four, and rising to 3% in year five.
Capitalized & Reclassified Wages : The costs of employees’ wages, payroll taxes and benefits that are capitalized as project costs are estimated
to increase 5% per year, the effect of salary grade implements, COLA adjustments and benefits cost increases.
Environmental Expenses: These costs are for activities the Port has undertaken that currently will not generate any revenues. The Port is
currently teaming with the Washington State Department of Ecology on “Focus Fidalgo” which includes clean-up of five sites in the Port District
over the next few years.
Debt Service on Revenue Bonds: Principal and interest payments for 2012-2016 are amounts due for outstanding issues. All debt service is paid
out of cash generated from operations.
Capital Expenditures: Investments in the Capital Improvement Plan are financed with either cash reserves or cash generated from operations as
well as financed capital projects.

28
CCaasshh FFllooww PPrroojjeeccttiioonnss 22001122--22001166
Cash Flow Projections 2010-2014
Totals General
Construction
Fund
Property
Sales Environmental
Property
Taxes GO Bonds Debt Service Bond Reserve
2012
Beginning Cash/Investment Balance $ 12,449,016 $ 3,492,061 $ 3,033,366 $ 1,841,933 $ 993,884 $ 1,767,834 $ 97,292 $ 396,968 $ 825,678
Estimated Cash from Operations 3,199,559 3,199,559 - - - - - - -
Capitalized & Reclassified Wages (237,918) (237,918) - - - - - - -
Tax Levy 530,000 - - - - 530,000 - - -
Interfund Loans
Fuel Dock - (258,026) - 258,026 - - - - -
Anthony's Parking Lot - (22,600) - - - 22,600 - - -
Stormwater - (786,000) - 786,000 - - - - -
Environmental Projects & Mitigation
Former Shell Tank Farm Cleanup Project (250,000) - - - (250,000) - - - -
Dakota Creek Shipyard Cleanup Project (110,000) - - - (110,000) - - - -
Wymans (590,000) - - - (590,000) - - - -
East Pier 2 (40,000) - - - (40,000) - - - -
Environmental Recoveries 305,000 - - - 305,000 - - - -
Interest Income 28,248 10,476 - 5,526 2,982 5,304 292 3,668 -
Fund Transfers - (2,705,773) 850,000 - - - 511,263 1,344,510 -
Debt Service (1,859,733) - - - - - (511,555) (1,348,178) -
Grants
Homeland Security - Pier ll 551,500 551,500 - - - - - - -
Homeland Security - CSBH 367,500 367,500 - - - - - - -
BIG Grant - E&F 507,000 507,000 - - - - - - -
Total Grants 1,426,000 1,426,000 - - - - - - -
Operating Reserve (2,705,962) (2,705,962) - - - - - - -
Cash Available for Capital Expenditures $ 12,144,210 $ 1,411,817 $ 3,883,366 $ 2,891,485 $ 311,866 $ 2,325,738 $ 97,292 $ 396,968 $ 825,678
2012 Comp. Plan Expenditures
E&F Construction (1,268,500) - (1,268,500) - - - - - -
Homeland Security - Pier ll (539,500) (539,500) - - - - - - -
Homeland Security - CSBH (485,000) (485,000) - - - - - - -
Puget Sound Rope Office (21,000) - - (21,000) - - - - -
New Projects (1,800,000) - (1,685,000) - - (115,000) - - -
Capital Purchases (263,544) (263,544) - - - - - - -
2012 Comp. Plan Expenditures (4,377,544) (1,288,044) (2,953,500) (21,000) - (115,000) - - -
Ending Cash Balance $ 7,766,666 $ 123,773 $ 929,866 $ 2,870,485 $ 311,866 $ 2,210,738 $ 97,292 $ 396,968 $ 825,678

29
CCaasshh FFllooww PPrroojjeeccttiioonnss 22001122--22001166 ((ccoonnttiinnuueedd))
Totals General
Construction
Fund
Property
Sales Environmental
Property
2013
Beginning Cash/Investment Balance $ 7,766,666 $ 123,773 $ 929,866 $ 2,870,485 $ 311,866 $ 2,210,738 $ 97,292 $ 396,968 $ 825,678
Tax Levy 530,000 - - - - 530,000 - - -
Interfund Loans
Environmental Projects & Mitigation
Former Shell Tank Farm Cleanup Project (1,512,000) - - - (1,512,000) - - - -
Wymans (450,000) - - - (450,000) - - - -
Environmental Recoveries 1,667,000 - - - 1,667,000 - - - -
Other Non-Operating (exc. Interest) 20,000 20,000 - - - - - - -
Interest Income 52,357 14,144 4,649 14,352 1,559 11,054 486 6,113 -
Fund Transfers - (3,116,646) 970,000 - 291,575 - 511,069 1,344,002 -
Debt Service (1,861,670) - - - - - (511,555) (1,350,115) -
Cash Available for Comp. Plan Exp. $ 8,884,094 $ 412 $ 1,904,515 $ 2,884,837 $ - $ 2,774,392 $ 97,292 $ 396,968 $ 825,678
Port-wide (1,800,000) - (1,200,000) - - (600,000) - - -
2013 Comp. Plan Expenditures (1,800,000) - (1,200,000) - - (600,000) - - -
Ending Cash Available $ 7,084,094 $ 412 $ 704,515 $ 2,884,837 $ - $ 2,174,392 $ 97,292 $ 396,968 $ 825,678

30
Totals General
Construction
Fund
Property
Sales Environmental
Property
2014
Beginning Cash Available $ 7,084,094 $ 412 $ 704,515 $ 2,884,837 $ - $ 2,174,392 $ 97,292 $ 396,968 $ 825,678
Tax Levy 530,000 - - - - 530,000 - - -
Interfund Loans
Environmental Projects
Dakota Creek Shipyard Cleanup Project (1,992,506) - - - (1,992,506) - - - -
Former Pier 2 Log Haul Out Cleanup Project (320,000) - - - (320,000) - - - -
Project Pier 1 Mitigation at Wyman’s (25,000) - - - (25,000) - - - -
Environmental Recoveries 1,156,253 - - - 1,156,253 - - - -
Interest Income 97,890 27,054 7,045 28,848 - 21,744 973 12,226 -
Fund Transfers - (3,026,374) - - 1,181,253 - 510,582 1,334,539 -
Debt Service (1,858,320) - - - - - (511,555) (1,346,765) -
Cash Available for Comp. Plan Exp. $ 7,693,977 $ 59 $ 711,560 $ 2,913,685 $ - $ 2,748,736 $ 97,292 $ 396,968 $ 825,678
Port-wide (1,310,000) - (710,000) - - (600,000) - - -
2014 Comp. Plan Expenditures (1,310,000) - (710,000) - - (600,000) - - -
Ending Cash Available $ 6,383,977 $ 59 $ 1,560 $ 2,913,685 $ - $ 2,148,736 $ 97,292 $ 396,968 $ 825,678

31
Totals General
Construction
Fund
Property
Sales Environmental
Property
2015
Beginning Cash Available $ 6,383,977 $ 59 $ 1,560 $ 2,913,685 $ - $ 2,148,736 $ 97,292 $ 396,968 $ 825,678
Tax Levy 530,000 - - - - 530,000 - - -
Interfund Loans
Project Pier 1 Mitigation at East Pier 2 (250,000) - - - (250,000) - - - -
Interest Income 181,780 54,101 31 58,274 - 42,975 1,946 24,453 -
Fund Transfers - (3,064,871) 550,000 - 678,125 - 774,609 1,062,137 -
Debt Service (1,863,145) - - - - - (776,555) (1,086,590) -
Cash Available for Comp. Plan Exp. $ 7,595,578 $ 7,779 $ 551,591 $ 2,971,959 $ - $ 2,744,311 $ 97,292 $ 396,968 $ 825,678
Port Wide (1,150,000) - (550,000) - - (600,000) - - -
2015 Comp. Plan Expenditures (1,150,000) - (550,000) - - (600,000) - - -
Ending Cash Available $ 6,445,578 $ 7,779 $ 1,591 $ 2,971,959 $ - $ 2,144,311 $ 97,292 $ 396,968 $ 825,678

32
Totals General
Construction
Fund
Property
Sales Environmental
Property
2016
Beginning Cash Available $ 6,445,578 $ 7,779 $ 1,591 $ 2,971,959 $ - $ 2,144,311 $ 97,292 $ 396,968 $ 825,678
Tax Levy 530,000 - - - - 530,000 - - -
Interfund Loans
Project Pier 1 Mitigation at East Pier 2 (150,000) - - - (150,000) - - - -
Interest Income 274,469 81,383 - 89,159 - 64,329 2,919 36,679 -
Fund Transfers - (2,215,826) 1,200,000 - 422,125 - 1,495,686 (76,307) (825,678)
Debt Service (1,855,945) - - - - - (1,498,605) (357,340) -
Cash Available for Comp. Plan Exp. $ 8,032,261 $ 911,020 $ 1,201,591 $ 3,061,118 $ - $ 2,761,240 $ 97,292 $ - $ -
Port Wide (1,800,000) - (1,200,000) - - (600,000) - - -
2016 Comp. Plan Expenditures (1,800,000) - (1,200,000) - - (600,000) - - -
Ending Cash Available $ 6,232,261 $ 911,020 $ 1,591 $ 3,061,118 $ - $ 2,161,240 $ 97,292 $ - $ -

33
22001122 TTaaxx aatt aa GGllaannccee
2012 Tax at a Glance
Total proposed general levy rate for 2012 is $530,000. The total assessed value for the Port District was not available from Skagit County prior to
publication of the preliminary Budget.
The Tax Fund monies will be used for new projects selected by the Port Commission.
The proposed general levy is significantly below the maximum allowable general levy. The statutory maximum dollar rate by State law for the
taxing district is $0.45.

34
22001122 TTaaxx LLeevvyy
2012 Tax Levy
Regular Tax Levy
The County Treasurer acts as an agent to collect property taxes levied in the County for all taxing authorities. Taxes are levied annually on
January 1 on prior year property values. Assessed values are established by the County Assessor at 100% of fair market value. Taxes are due in
two equal installments on April 30 and October 31. Collections are distributed to the Port by the County Treasurer.
The Port is permitted by law to levy up to $0.45 per $1,000 of Assessed Valuation for general Port purposes. The levy may go beyond the $0.45
limit to provide for General Obligation debt service. The rate may be reduced for either of the following reasons:
• Washington State Law in Revised Code of Washington 84.55.010 limits growth of regular property taxes to 1% per year, after
adjustments for new construction.
• If the assessed valuation increases by more than 1% due to revaluation, the levy rate will be decreased.
Special Tax Levies
Special levies approved by the voters are not subject to the above limitations. The Port can levy property taxes for dredging, canal construction,
leveling or filling upon approval of the majority of voters with the Port District, not to exceed $0.45 per $1,000 of Assessed Value of taxable
property within the Port District.
Industrial Development District Tax Levies
The Port may also levy property taxes for Industrial Development Districts (under a comprehensive scheme of harbor improvements), for twelve
years only, not to exceed $0.45 per $1,000 of Assessed Value of taxable property within the Port District. If a Port District intends to levy this tax
for one or more years after the first six years, the Port must publish notice of intent to impose such a levy and if signatures of at least eight
percent (8%) of the voters protest the levy, a special election must be held with a majority approval required. The Port District has not levied this
tax.
Tax Levy Uses
The Port Commission has directed that the funds collected by the tax levy will be used for public access improvements, property acquisition,
industrial development including environmental costs, debt service for general obligation bonds, and public access improvements as directed.
The Commission further has established a fund with the Skagit County Treasurer to collect these taxes and hold them separate from the General
Funds of the Port. The 2012 budget allows the available tax monies to be utilized for new projects authorized by the Port Commission.

35
22001111 PPoorrtt DDiissttrriicctt PPrrooppeerrttyy TTaaxx DDiissttrriibbuuttiioonn**
District Property Tax Distribution
*Levy rate per $1,000 of assessed value of taxable property within the Port District.

36
22001111 CCllaassss AA PPoorrtt TTaaxx LLeevvyy CCoommppaarriissoonnss
2011 Class A Port Tax Levy Comparisons

37
22001122 BBuuddggeett:: CCoommbbiinneedd
SSuupppplleemmeennttaall CCoommppaarriissoonnss wwiitthh 22001122 BBuuddggeett,, 22001111 BBuuddggeett,, && 22001100 AAccttuuaall
2012 Budget – Supplemental Comparisons
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING REVENUES
Marine Terminal $ 5,578,820 $ 3,961,600 $ 2,490,939
Cap Sante Boat Haven 6,416,750 5,813,584 6,055,949
Airport 275,300 271,000 275,412
Properties 1,440,167 1,405,429 1,476,519
TOTAL OPERATING REVENUES 13,711,037 11,451,613 10,298,819
OPERATING EXPENSES
Marine Terminal 5,087,908 3,748,885 2,749,308
Cap Sante Boat Haven 6,416,255 5,707,655 5,681,877
Airport 621,424 607,221 594,581
Properties 674,156 521,099 445,060
TOTAL OPERATING EXPENSES 12,799,743 10,584,860 9,470,826
NET OPERATING INCOME BEFORE GRANTS 911,294 866,753 827,993
Operating Grants - All Departments - - 1,062,601
Operating Grant Expenses - - (1,125,970)
NET OPERATING GRANT - - (63,369)
NET OPERATING INCOME 911,294 866,753 764,624
Non-Operating Revenues 681,962 582,000 615,836
Non-Operating Expenses (749,253) (769,524) (590,969)
NET NON-OPERATING (67,291) (187,524) 24,867
Capital Grants - All Departments 942,500 2,515,000 300,352
NET INCOME BEFORE ENVIRONMENTAL 1,786,503 3,194,229 1,089,843
Environmental Grants & Recoveries 483,050 2,791,818 22,367,053
Environmental Expenses (1,518,049) (3,239,318) (22,051,604)
GASB 49 Costs Previously Accrued 334,025 1,169,195 1,685,057
NET ENVIRONMENTAL ACTIVITY (700,974) 721,695 2,000,506
NET INCOME $ 1,085,529 $ 3,915,924 $ 3,090,349

38
22001122 BBuuddggeett:: AAiirrppoorrtt
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING REVENUES
Tie-Downs - Monthly $ 1,800 $ 2,000 $ 1,868
Tie-Downs - Daily 1,000 1,000 916
Airport Building Rent 159,000 150,000 156,585
T Hangar Rent 105,000 105,000 106,845
Parking 5,000 10,000 5,796
Fuel Flowage Fee 3,500 3,000 3,401
Total Operating Revenues 275,300 271,000 275,411
OPERATING EXPENSES
FBO Services 500 500 473
Water/Sewer/Garbage 5,000 5,600 4,761
Power 14,000 13,000 14,066
Storm Drainage 7,000 6,900 7,061
Stormwater Compliance 2,000 3,750 1,431
Operating Supplies 1,500 1,000 1,050
Facility Repair and Maintenance 35,250 24,700 17,723
Equipment Repair & Maintenance 3,250 3,550 1,124
Office Supplies 100 100 199
Safety 750 - 642
Legal Services 300 - (624)
Other Outside Services 5,250 300 1,670
Environmental Services 100 100 -
Telephone 1,800 1,200 1,600
Travel & Other Business Expenses 1,500 500 305
Training 150 100 -
Promotional Hosting 50 50 -
Marketing/Advertising 2,500 200 3,034
Membership Dues/Publications 300 100 70
Insurance 17,916 16,287 16,350
Business Taxes 105 120 104
Miscellaneous - 500 -
Operations Payroll 50,397 - -
Operations Allocation 34,338 83,296 65,621
Total Operating Expenses 184,056 161,853 136,660
Net Income
before Depreciation and G&A Allocation $ 91,244 $ 109,147 $ 138,751

39
22001122 BBuuddggeett:: AAiirrppoorrtt
Budget Budget
Actual
(Unaudited)
2012 2011 2010
Depreciation $ 372,698 $ 388,530 $ 397,731
General & Admin Allocation 64,670 56,838 60,189
Total Depreciation and G&A Allocations 437,368 445,368 457,920
NET OPERATING LOSS ($346,124) ($336,221) ($319,169)
Capital Grant - - 154,352
NET INCOME/(LOSS) $ (346,124) $ (336,221) $ (164,817)

40
22001122 BBuuddggeett:: CCaapp SSaannttee BBooaatt HHaavveenn
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING REVENUES
Moorage $ 3,522,200 $ 3,295,014 $ 3,341,177
Misc Revenues 66,800 62,600 65,253
Electricity Sales 225,000 214,770 192,501
Park Revenues 9,000 3,800 -
Boat Launch 70,500 70,000 70,439
Outside Storage 8,000 7,900 6,342
Web Locker Rent 52,000 52,000 51,891
Parking 32,500 32,500 27,949
Fuel Flowage Fee 4,500 3,000 4,572
Fuel Dock 2,426,250 2,072,000 2,295,825
Total Operating Revenues 6,416,750 5,813,584 6,055,949
OPERATING EXPENSES
Wages 484,045 477,677 448,390
Payroll Taxes 53,245 52,543 42,376
Employee Benefits 176,069 150,111 108,922
Hiring Expense 2,000 1,500 1,473
Total Salary Related Expenses 715,359 681,831 601,161
Power 205,321 210,760 200,828
Storm Drainage 3,422 3,443 3,510
Facility Repairs and Maintenance 174,036 136,500 112,556
Equipment Repairs & Maintenance 19,554 20,400 15,737
Equipment Fuel 1,222 100 562
Damage Claims 1,943 3,000 413
Operating & Other Supplies 51,918 42,516 37,600
Fuel Dock Fuel 2,053,217 1,798,000 2,011,373
Bank Card Fees 92,884 87,500 92,493
Cash (Over) Short - - (47)
Computer Expense & Office Supplies 16,621 31,175 12,526
Laundry 1,173 2,000 835
Safety 3,422 3,500 3,545
Legal Services 2,444 3,830 1,545
Other Outside Services 6,023 5,000 17,858
Environmental Services 3,422 14,100 8,458
Telephone 11,732 12,450 11,097
Travel & Other Business Expenses 4,889 4,200 3,123
Training 4,889 6,500 4,646

41
22001122 BBuuddggeett:: CCaapp SSaannttee BBooaatt HHaavveenn
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING EXPENSES (continued)
Promotional Hosting $ - $ 100 $ -
Marketing/Advertising 17,599 31,600 16,891
Membership Dues/Publications 1,369 1,500 1,390
Insurance 102,172 96,034 97,780
Bad Debts 24,443 4,000 75,000
Automobile Repair & Maintenance 3,666 1,500 1,266
Automobile Fuel 1,173 - 217
Lease Payments 10,755 7,900 9,561
Business Taxes 28,312 26,443 26,600
Total Operating Expense 4,104,410 3,758,207 3,848,295
Net Income
before Depreciation and G&A Allocation 2,312,340 2,055,377 2,207,654
Depreciation 869,656 629,682 634,989
General & Admin Allocation 1,442,189 1,319,766 1,198,593
Total Depreciation and G&A Allocations 2,311,845 1,949,448 1,833,582
NET OPERATING INCOME 495 105,929 374,072
Operating Grant - - 4,069
NET OPERATING GRANT EXPENSES - - 4,069
Capital Grant 367,500 1,500,000 -
NET INCOME $ 367,995 $ 1,605,929 $ 378,141

42
22001122 BBuuddggeett:: MMaarriinnee TTeerrmmiinnaall
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING REVENUES
Dockage $ 649,750 $ 393,600 $ 417,660
Wharfage 869,000 602,100 341,220
Service & Facilities 868,000 610,000 347,997
Handling 2,463,100 1,974,000 1,110,170
Line Handling 70,700 40,000 54,114
Leases-Ground 99,800 123,000 115,986
Environmental Fee 450,000 180,000 -
Storage 45,000 200 47,557
Miscellaneous Revenues 63,450 38,100 55,873
Fuel Flowage Fee 20 600 362
OPERATING EXPENSES
Longshore/Stevedoring 2,572,045 1,851,100 1,243,397
Power 22,000 21,000 13,599
Storm Drainage 99,000 31,000 31,713
Stormwater Compliance - 32,755 48,590
Facilities Repairs & Maintenance 29,950 15,750 15,494
Equipment Repairs & Maintenance 11,000 14,126 2,135
Equipment Fuel - 125 -
Operating & Shop Supplies - 200 (641)
Office Supplies 520 - 35
Safety 1,000 100 605
Legal Services 2,200 2,200 45,909
Telephone 600 600 601
Travel 5,000 2,500 -
Training 1,500 400 600
Promotional Hosting 1,500 1,000 -
Marketing/Advertising 400 1,200 381
Membership Dues/Publications 1,110 1,000 989
Insurance 71,500 62,721 64,392
Bad Debts 5,000 5,000 20,000
Automobile - 200 76
Business Taxes 15,998 11,326 17,955
Total Operating Expenses $ 3,249,205 $ 2,356,898 $ 1,638,192

43
22001122 BBuuddggeett:: MMaarriinnee TTeerrmmiinnaall
Budget Budget
Actual
(Unaudited)
2012 2011 2010
Net Income before Depreciation and G&A $ 2,329,615 $ 1,604,702 $ 852,747
Depreciation 697,058 564,317 551,104
General & Administrative Allocation 1,141,646 827,670 560,010
Total Depreciation and G&A Allocations 1,838,704 1,391,987 1,111,114
NET OPERATING INCOME 490,911 212,715 (258,367)
Capital Grant 575,000 1,015,000 -
NET INCOME/(LOSS) $ 1,065,911 $ 1,227,715 $ (258,367)

44
22001122 BBuuddggeett:: PPrrooppeerrttyy RReennttaallss
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING REVENUES
Property Rents $ 1,407,667 $ 1,381,429 $ 1,383,890
Property Rents-Ground Leases 22,500 17,000 21,450
Miscellaneous Revenues 10,000 7,000 71,179
OPERATING EXPENSES
Wages 49,428 45,414 47,743
Payroll Taxes 5,437 4,996 3,787
Total Salary Related Expenses 58,449 53,432 54,065
Water/Sewer/Garbage - 900 -
Power 15,351 17,507 9,606
Facility Repairs and Maintenance 24,700 27,550 20,422
Equipment and Office Supplies 4,800 2,500 784
Safety - - 369
20,000 24,500 12,721
Legal Services 28,000 28,000 51,361
Environmental Services 500 500 -
Telephone 250 250 50
Travel & Other Business Expenses 500 500 223
Training 3,500 3,000 1,323
Promotional Hosting 20,900 18,057 18,991
Marketing/Advertising 452 340 1,538
Insurance 24,130 - -
Business Taxes 11,111 - -
Total Operating Expenses before Depreciation 311,392 307,325 255,262
Net Income
before Depreciation and G&A Allocations 1,128,775 1,098,104 1,221,257
Depreciation 253,234 105,851 103,320
General & Administrative Allocation 109,530 107,923 86,477
Total Depreciation and G&A Allocations 362,764 213,774 189,797
NET OPERATING INCOME $ 766,011 $ 884,330 $ 1,031,460

45
22001122 BBuuddggeett:: PPrrooppeerrttyy RReennttaallss
Budget Budget
Actual
(Unaudited)
2012 2011 2010
Operating Grant $ - $ - $ 1,058,533
Operating Grant Expenses - - (1,125,970)
NET OPERATING GRANT INCOME - - (67,437)
Capital Grant - - 146,000
NET INCOME $ 766,011 $ 884,330 $ 1,110,023

46
22001122 BBuuddggeett:: GGeenneerraall && AAddmmiinniissttrraattiivvee
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING EXPENSES
Commission Wages $ 49,440 $ 49,440 $ 36,960
Administrative Wages 1,338,130 1,418,217 1,302,227
Reclassified Labor (230,418) (485,717) (518,340)
Payroll Taxes 153,291 161,443 120,556
Hiring Expense 1,000 1,500 518
Total Payroll Related Expenses 1,817,657 1,586,036 1,322,722
Office Supplies 43,250 36,650 41,304
Safety/Medical Supplies 5,500 2,300 3,388
Stormwater Compliance 15,500 - 17,240
Power 20,750 15,600 18,465
R&M-Office Facility 40,000 32,500 5,529
Computer Supplies & Services 104,322 83,650 55,717
Laundry 1,250 1,200 970
Legal Services 14,000 24,000 17,443
Telephone 23,500 19,100 19,326
Travel & Other Business Expenses 23,800 19,500 19,596
Training 57,600 42,900 14,730
Promotional Hosting 3,000 4,000 1,250
Marketing/Advertising 51,000 57,500 50,499
Membership Dues 27,500 29,160 28,505
Publications 200 100 260
Insurance 38,788 36,367 35,262
Audit 30,000 30,000 18,875
Automobile 4,000 5,500 2,556
Lease Payments 3,000 24,500 (16,025)
Business Taxes 400 - 370
Miscellaneous Expenses 1,000 50 -
Operations Payroll 58,849 - 3,877
Total General & Administrative
before Depreciation 2,700,486 2,257,514 1,810,648
Depreciation 57,548 54,683 94,621
TOTAL GENERAL & ADMINISTRATIVE EXPENSES $ 2,758,034 $ 2,312,197 $ 1,905,269

47
22001122 BBuuddggeett:: OOppeerraattiioonnss
Budget Budget
Actual
(Unaudited)
2012 2011 2010
OPERATING EXPENSES
Wages $ 481,186 $ 444,707 $ 432,698
Payroll Taxes 82,614 48,918 47,765
Hiring Expense 2,000 1,500 929
Reclassified Labor (7,500) (13,095) (5,613)
Total Payroll Related Expenses 709,778 615,488 579,015
Water/Sewer/Garbage - 1,750 1,801
Power - 8,000 4,853
Telephone - 5,300 6,432
R&M-Maintenance Shop - 15,000 580
R&M-Miscellaneous - 150 -
R&M-Equipment 1,200 2,100 1,078
Operating Supplies 9,000 10,000 7,489
Shop Supplies 5,500 4,500 5,045
Office Supplies - - 63
Safety/Medical Supplies 4,500 5,000 3,410
Office Facility Maintenance 500 500 -
Computer Supplies 5,500 4,900 1,718
Laundry 2,500 2,500 1,491
Other Outside Services - 7,500 -
Travel & Other Business Expenses - 2,000 780
Training - 3,500 2,816
Insurance 16,500 14,830 14,003
Automobile 22,000 22,450 13,027
Business Taxes - - 34
Total Operations before Depreciation 776,978 725,468 643,635
Depreciation 38,071 31,768 19,356
TOTAL OPERATIONS EXPENSES $ 815,049 $ 757,236 $ 662,991

48
22001122 BBuuddggeett:: NNoonn--OOppeerraattiinngg IInnccoommee && EEnnvviirroonnmmeennttaall AAccttiivviittyy
Budget Budget
Actual
(Unaudited)
2012 2011 2010
NON-OPERATING INCOME
Taxes Levied $ 530,000 $ 530,000 $ 530,000
Other Taxes 3,000 4,000 2,200
Miscellaneous Revenues 500 - 576
Interest Income 50,200 30,000 34,241
Build America Bonds Subsidy 78,012 - 9,626
Sale of Scrap and Waste - - 11,121
Late Charges 20,000 18,000 27,469
Bad Accounts Recovered 250 - 604
Total Non-Operating Revenues 681,962 582,000 615,837
NON-OPERATING EXPENSES
GO Bond Interest Expense 511,555 497,785 316,652
Revenue Bond Interest Expense 198,178 239,092 270,235
Amortized Bond Issuance Costs 25,179 28,323 23,425
Election Costs - 4,000 -
Business Taxes 324 324 657
Loss on Disposal of Assets 14,017 - (20,000)
Total Non-Operating Expenses 749,253 769,524 590,969
NET NON-OPERATING INCOME (EXPENSE) ($67,291) ($187,524) $24,868
Environmental Grants Received 291,525 1,507,159 10,310,586
Environmental Costs Recovered 191,525 1,284,659 12,056,467
Environmental Clean Up Costs (1,518,049) (3,239,318) (22,051,604)
Environmental Costs Accrued GASB 49 334,025 1,169,195 1,685,057
NET ENVIRONMENTAL ACTIVITY $ (700,974) $ 721,695 $ 2,000,506

49
TTrreeaassuurreerr’’ss RReeppoorrtt
Treasurer’s Report
NOVEMBER 3, 2011
PORT OF ANACORTES
REVIEWED AND CONFIRMED THIS 3rd DAY OF NOVEMBER, 2011 BY THE COMMISSION OF THE PORT
OF ANACORTES
SUGGESTED MOTION:
I MOVE THAT WE, THE UNDERSIGNED BOARD OF COMMISSIONERS FOR THE
PORT OF ANACORTES, DO HEREBY ACCEPT THE SEPTEMBER 2011 TREASURER’S REPORT TOTALING
$15,228,093.77.
This Section to be completed by Port Commission
Keith Rubin William L. Short
Ray Niver Pat D. Mooney
Steve Hopley

50
TTrreeaassuurreerr’’ss RReeppoorrtt
PORT OF ANACORTES
The following investments and transfers were made by the Skagit County Treasurer as directed by the Port of Anacortes
Auditor or the Port of Anacortes Executive Director, pursuant to Resolution No 502,
during the period September 1 - 30, 2011.
Interest earned this month on investments was $ 1,597.09
Summary of Investments held at September 30, 2011
Non-Restricted Funds
General Fund
Money received from Port operations and used for the daily operation of the Port and transferring
money to restricted debt service fund.
State Pool 3,006,457.44
Construction Fund
Money in this fund is being set aside to be used for contributing to E and F Dock construction.
State Pool 6,562,698.86
Environmental Remediation Fund
Money in this fund is from cash receipts related to cost recovery settlements with 3rd parties
regarding environmental remediation costs and is being set aside to be used for current and future
environmental remediation and clean-up costs.
State Pool 96,397.06
Property Sales Proceeds Fund
Money in this fund has been from the sale of surplus property and is restricted by Commission action
to be used for the acquisition of property and industrial development.
State Pool 3,882,895.25
Tax Fund
Money in this fund is from taxes levied and is restricted by Commission action to be used for the
acquisition of property and industrial development. There is no capital reserve in this fund.
Total Non-Restricted Funds $ 14,256,975.05
Restricted Funds
Revenue Bond Debt Service Fund
Used for collecting funds for bond principal and interest payments due March 1st and September 1st
of each year.
GO Bond Debt Service Fund
Used for collecting funds for bond principal and interest payments due March 1st and September 1st
of each year.
Revenue Bond Reserve Fund
Money in this fund is required by bond covenant and is restricted from use until the bonds are paid in
full. It can be decreased as the bonds are retired.
Total Restricted Funds $ 971,118.72
TOTAL FUNDS $ 15,228,093.77

51
SScchheedduullee ooff SSaallaarryy GGrraaddeess ffoorr FFuullll--TTiimmee PPoossiittiioonnss**
EEffffeeccttiivvee JJaannuuaarryy 11,, 22001122
Schedule of Salary Grades for Full-Time Positions
Salary Grades Positions
30
29
28
27
26
25 Dir. Engineering, Dir. Finance & Admin, Dir. Operations & Facilities
24
23
22 Project Manager 3
21
20 Accounting Manager, Harbormaster, IS Administrator
18
17 Environmental Administrator, Operations Supervisor
16 Accountant, Asst. Harbormaster, Engineering Office Manager
15 Operations 4
13
12 Executive Assistant
11 Human Resources Generalist/Events Coordinator
10 Accounts Receivable Specialist, Operations 3
9
8 Operations 2, Marina Customer Service Representative
7
6 Operations 1
5 Office Assistant
4
3
2
1

52
SScchheedduullee ooff SSaallaarryy GGrraaddeess ffoorr FFuullll--TTiimmee PPoossiittiioonnss**
EEffffeeccttiivvee JJaannuuaarryy 11,, 22001122
Salary
Grades
Salary Steps
1 2 3 4 5 6
30 $ 122,247 $ 125,913 $ 129,690 $ 133,580 $ 137,588 $ 141,715
29 $ 116,425 $ 119,918 $ 123,515 $ 127,221 $ 131,037 $ 134,968
28 $ 110,880 $ 114,206 $ 117,633 $ 121,162 $ 124,796 $ 128,540
27 $ 105,602 $ 108,769 $ 112,032 $ 115,393 $ 118,856 $ 122,420
26 $ 100,571 $ 103,589 $ 106,697 $ 109,898 $ 113,196 $ 116,590
25 $ 95,782 $ 98,656 $ 101,615 $ 104,665 $ 107,804 $ 111,037
24 $ 91,222 $ 93,958 $ 96,777 $ 99,678 $ 102,669 $ 105,750
23 $ 86,877 $ 89,484 $ 92,168 $ 94,933 $ 97,781 $ 100,715
22 $ 82,740 $ 85,223 $ 87,780 $ 90,413 $ 93,126 $ 95,919
21 $ 78,800 $ 81,164 $ 83,599 $ 86,107 $ 88,690 $ 91,351
20 $ 75,049 $ 77,300 $ 79,620 $ 82,008 $ 84,468 $ 87,002
19 $ 71,475 $ 73,617 $ 75,828 $ 78,102 $ 80,446 $ 82,859
18 $ 68,072 $ 70,113 $ 72,217 $ 74,382 $ 76,613 $ 78,911
17 $ 64,830 $ 66,774 $ 68,778 $ 70,840 $ 72,967 $ 75,157
16 $ 61,743 $ 63,594 $ 65,501 $ 67,467 $ 69,491 $ 71,576
15 $ 58,802 $ 60,566 $ 62,383 $ 64,255 $ 66,183 $ 68,170
14 $ 56,002 $ 57,682 $ 59,414 $ 61,195 $ 63,031 $ 64,922
13 $ 53,336 $ 54,935 $ 56,583 $ 58,281 $ 60,029 $ 61,830
12 $ 50,796 $ 52,319 $ 53,890 $ 55,506 $ 57,171 $ 58,886
11 $ 48,377 $ 49,828 $ 51,322 $ 52,862 $ 54,449 $ 56,082
10 $ 46,072 $ 47,457 $ 48,878 $ 50,345 $ 51,855 $ 53,410
9 $ 43,878 $ 45,195 $ 46,552 $ 47,947 $ 49,384 $ 50,867
8 $ 41,789 $ 43,042 $ 44,334 $ 45,663 $ 47,034 $ 48,445
7 $ 39,799 $ 40,994 $ 42,223 $ 43,490 $ 44,792 $ 46,137
6 $ 37,904 $ 39,042 $ 40,212 $ 41,418 $ 42,660 $ 43,942
5 $ 36,099 $ 37,182 $ 38,298 $ 39,446 $ 40,629 $ 41,848
4 $ 34,381 $ 35,411 $ 36,475 $ 37,569 $ 38,696 $ 39,857
3 $ 32,744 $ 33,724 $ 34,736 $ 35,779 $ 36,853 $ 37,957
2 $ 31,184 $ 32,120 $ 33,083 $ 34,076 $ 35,098 $ 36,152
1 $ 29,699 $ 30,591 $ 31,508 $ 32,452 $ 33,426 $ 34,428
* 2% CPI Increase, Salary grade increments = 5% vertical, Salary step increments = 3% horizontal

2012_Final_Budget

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