HARBOR SYSTEM MASTER PLAN - City and Borough of Sitka

Revenue
Fiscal Year
2010 2011
2012
(thru Mar 2012)
Permanent Moorage 1,074,403 1,070,127 801,265
Transient Moorage 236,112 226,772 122,763
Lightering Fees 121,236 76,255 54,120
Other Operating Revenue 226,694 277,354 231,129
Total Revenue 1,658,445 1,650,508 1,209,277
Cost of Sales
Operations 1,017,914 1,124,287 946,128
Jobbing - - 6,455
Depreciation 758,856 740,376 528,475
Total Cost of Sales 1,776,770 1,864,663 1,481,058
Gross Margin (118,325) (214,155) (271,781)
-7.13% -12.98% -22.47%
Selling and Administrative Expenses 551,695 533,168 357,962
Earnings Before Interest and Taxes (EBIT) (670,020) (747,323) (629,743)
Non-operating Revenue and Expense
-40.40% -45.28% -52.08%
Raw Fish Tax 917,988 1,195,000 899,646
Other Non-Operating Revenue: 178,224 120,992 134,383
Interest Expense: 44,124 26,724 9,180
Total Non-operating Revenue & Expense 962,112 1,221,724 908,826
Net Income 292,092 474,401 279,083
Source: Sweeney (2012)
17.61% 28.74% 23.08%
In 2006, CBS began offering reservations for yacht moorage. Yachts reserve end ties from 100–150
feet and are charged $1.50 per foot per day. Reserved moorage is also available at the 180-foot
tender facility, which also offers lockable gangways and a downtown location, at $2.00 per foot per
day (Eliason, 2012). Figure 1 shows the revenues received since 2006 from reserved yacht moorage.