Port of Coos Bay

Image – Port of Coos Bay

The Port of Coos Bay income and revenue is broken down between the Charleston Marina and Shipyard, the RV Park, the Coos Bay Rail Link and administration. In light of a recent announcement to raise moorage fees at the Charleston Marina it might be worth taking a quick look at this year’s budgets.
According to the 2013-14 draft budget the Marina will collect $1,369,850 in moorage charges and other fees and will spend $1,819,475 on operating costs which includes $818,441 for personnel with $104,894 for the harbormaster. The shipyard and the RV park have much more modest payroll expenses at $151,608 and $50,712 respectively and the RV park appears to be the one operation that consistently survives on its own earned revenue.
The port administration survives off $1.56 million in tax revenue, $187,505 from leases, a $50,000 transfer from the rail fund, small grants and $5,000 from urban renewal for a projected total of $2,019,649. Across all departments the port spends $1,888,669 on salaries and benefits. Administration personnel salaries including automobiles/allowances and benefits are listed below.
CEO – David Koch – $193,167 (reflects a 5% salary furlough)
CFO – Donna Nichols – $151,424
CCO – Martin Callery – $151,545
COO – Kathy Wall – $100,826
Richardson – $53,344
Elise Hamner – $98,124
Lewis – $43,109
Lanelle Comstock – $43,160 (reflects 40% of total salary 60% billed to the Marina)
With an allowance of $4,210 for overtime the total administrative personnel costs are projected at $867,909 for 2013-14

Read the budget proposals here
For a detail of the payroll summary follow this link and scroll down to page 17.

Remembering that the administrations prime purpose for existing is to improve economic conditions and foster new businesses that provide jobs is the taxpayer seeing a good return on this investment?