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VIDEO. From the San Mateo County Harbor District meetings on Wednesday, March 19th, 2025 at 10:00am as a hybrid meeting. Public comment only in person or by email. Meetings are currently being held in person at the SMCHD Administration Building, 504 Avenue Alhambra, Ste. 200, El Granada.
Agenda. Staff Report.
Subject: “First Look” Fiscal Year 2025/26 Operating Budget and Capital Improvement Program
Recommendation/Motion
Review and comment on “First Look” Fiscal Year 2025/26 Operating Budget and Capital Improvement Program.
Policy Implications
Harbors and Navigation Code 6093 (et. seq.) provides statutory requirements for budget development. Policy 4.9.1 provides the process for preparing the Budget and Policy 4.9.2 establishes the level of appropriation authority (see the Financial Policies section of the digital budget book or page 20 of attached PDF version further detail).
Fiscal Implications
The District’s annual budget is the main fiscal planning tool used throughout the year. This is the first look at the 2025/26 budget and includes an estimate of $15.654 million in revenues and $13.218 million in operating expenditures. Revenues less expenditures equals $2.436 million, which represents the estimated amount to be added to the available working capital balance.
The Five-Year Capital Improvement Program includes estimated Fiscal Year 2025/26 capital expenditures of $350,000. There are sufficient cash balances to fund the 2025/26 fiscal year capital expenditures and provide funding for identified priority projects.
The working capital balance as of June 30, 2024 was $18.388 million and is estimated to be $9.934 million on of which $3.304 million is required to be set aside in a reserve fund per District policy.
Background/Discussion
Staff has prepared the “First Look” at the 2025/26 Budget based on information that is readily available at this time. On March 12, 2025, a publicly noticed Finance Committee was held to discuss the budget. The Finance Committee provided input on the budget document and the narrative introduction section of the one-year Capital Improvement Plan was updated.
Public Process
The Preliminary Budget will be presented for adoption at the April Board Meeting. Following adoption, the Preliminary Budget will be noticed and available to the public for input until the Final Budget is approved at the June Board meeting. If warranted, there will also be an additional opportunity for Commissioners and the public to comment on the budget at the May Board Meeting.
Attachments
1) Digital Link “First Look” Fiscal Year 2025/26 Operating Budget and Capital
Improvement Program
2) PDF “First Look” Fiscal Year 2025/26 Operating Budget and Capital Improvement
Plan
More on the San Mateo County Harbor District on Coastside Buzz
San Mateo County Harbor District Board Meetings ~ 3rd Wednesday @ 10:00am
Watch remotely. Comments and questions by email.
Please note that email correspondence sent to or from members of the Harbor Commission via the District’s website are considered public records and may be subject to disclosure and additional distribution pursuant to the Public Records Act and the Brown Act.
Harbor District Agendas and Remote Meeting Links
Harbor District Pacifica Coast TV Videos
2025 Board of Harbor Commissioners Contact Information:
Please note that email correspondence sent to or from Members of the Harbor Commission via the District’s website are considered public records and may be subject to disclosure and additional distribution pursuant to the Public Records Act and the Brown Act.
To email the entire Harbor Commission, click here.
Kathryn Slater-Carter ~ District 3
Position: Chair
Term: 2023-2027
Email: [email protected]
George Domurat ~ District 2
Position: Vice Chair
Term: 2023-2027
Email: [email protected]
William Zemke ~ District 1
Position: Secretary
Term: 2021 -2025
mail: [email protected]
Tom Mattusch ~ District 4
Position: Treasurer
Term: 2021-2025
Email: [email protected]
Virginia Chang Kiraly ~ District 5
Position: Commissioner
Term: 2021-2025
Email: [email protected]
District Office: 504 Avenue Alhambra, Ste. 200, El Granada, CA 94018
Mailing Address: PO Box 1449, El Granada, CA 94018
Phone: (650) 583-4400 Fax: (650) 583-4614
Pillar Point without the harbor.
Shoaling will be dredged soon.
Author: mdrag
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