Ala Wai Harbor Boating Special Fund 2003

Ala Wai Harbor Boating Special Fund - FY2003

DLNR's Department of Boating & Ocean Resources provided these figures. They represent a summary of Revenues & Expenditures for FY 2003 (Jul 2002 - Jun 2003) as allocated to Ala Wai Harbor.

Important Notes:

Note 1: See Boating Special Fund Summary for overview of fund

Note 2: These are unaudited figures

Note 3: Security deposits are not included

Some Definitions:

Commercial permits are fees from the fixed monthly billings paid by commercial operators. (Includes ~$800k from cruise ships.)

Commercial Rent percentage are fees paid by commercial operators based on 2% of gross receipts.

Investment pool interest is the interest that the division earns on its cash.

Misc. income consists of fees for the transfer of corporations, fees from late charges, issuance fees, inspection fees, bounced check penalties, fees for copies.

GO Bond Principal & Interest debt service payments for construction performed at the small boat harbors in the past.

Budget & Finance Assessment - state levied assessment to the department of budget and finance as an internal service fee.

Rent and rental expense consists of equipment and property rentals - includes rent for copy machines, offices, and for the Ma'alaea parcel.

Revenues (FY2003) - Ala Wai Harbor
Commercial - all		5,067
Mooring Charges		$1,649,933
Parking Meters		$102,428
Land & Wharf Rental		$774,505
Fuel Taxes		$283,987
Misc. (see note)		$133,431
Ramp Permit Fees		$73,745
Vessel Registration		$46,148
	Total	$3,069,244

Note: Miscellaneous includes Invest. Pool Interest, Misc. Income, etc.

Expenditures (FY 2003) - Ala Wai Harbor
Payroll	$235,210
GO Bond Prin. & Int.	$308,462
DOCARE	$264,536
Repairs & Maintenance	$179,763
Contracted Services	$131,346
Utilities	$139,168
OHA Payments	$0
Budg. & Fin. Assmt.	$130,208
Rent & Rental Exp.	$25,420
Operations, Supplies, Maint.	$42,781
Svcs. by other Agencies	$2,652
Travel & Advertisement	$639
Misc. Expenses	$37,973
Machinery & Equip	$5,097

Total	$1,503,255

Myth: It's often said that the slipholders of Ala Wai generate a $2,000,000 profit for DOBOR.

Fact: The numbers for FY 2003 show that if you subtract the revenue from Land rental, Fuel taxes, Ramp fees, & Parking meters, the profit dwindles to about $330K. Still a significant number, but the Boating Special Fund is designed so that the "haves" support the "have nots".

Summary (FY2003)
Total Revenue	$3,069,244
Total Expenditures	$1,503,255
Net Revenue	$1,565,989

Hawai‘i Boaters

"... improving the small boat harbors of Hawai‘i."

Ala Wai Harbor Boating Special Fund - FY2003

Important Notes:

Some Definitions:

Revenue Graph - Ala Wai Harbor

Expenditure Graph - Ala Wai