HomeMy WebLinkAbout2024 Fishers Island Ferry District
Approved 2024 Budget
Income
Property Revenue
Property Tax Revenue 1,419,700
Property Rental Income 118,000
Elizabeth Airport Landings 30,000
Total Property Revenue 1,567,700
Ferry Operations Revenue
Freight 525,000
Auto Ferries 2,800,000
Silver Eel Fast Ferry 60,000
Touch Fees 18,000
Charters 10,000
UPS (FI) 200
Total Ferry Operations 3,413,200
Other Revenues
Federal Grant Revenue 1,400,000
Miscellaneous Other Revenue 1,400
USPS Contract Revenue 30,300
Interest Income 2,200
Total Other Revenues 1,433,900
Total Income 6,414,800
Expense
Airport Expense
Airport Insurance 5,000
Airport Capital Expense 1,050,000
Contracted Expense 15,000
Total Airport Expense 1,070,000
Repairs: Docks & Buildings
Silver Eel Dockage Fees 6,400
Rental Buildings 150,000
Docks & Terminal 135,000
Total Repairs: Docks &Buildings 291,400
Ferry Repairs & Maintenance
Miscellaneous Silver Eel 2,000
Fuel - Silver Eel 30,000
Fuel Oil - Munnatawket & Race Point 350,000
Repairs - Silver Eel 40,000
Repairs - All Ferries 50,000
Repairs - Munnatawket 500,000
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Fishers Island Ferry District
Approved 2024 Budget
Repairs - Race Point 90,000
Total Ferry Repairs &Maintenance 1,062,000
Payroll Expense & Payroll Overhead
Salaries & Wages 1,900,000
Workers' Comp 22,000
MTA Tax 7,500
NY Retirement 178,500
SocSec & Medicare Tax 145,000
Employee Health Ins Benefits 295,000
Total Payroll Overhead 2,548,000
General &Admin Expense
Bad Debt Expense 1,000
General & Liability Insurance 175,000
Legal Expense 15,000
Accounting Expense 35,000
Office Expense 9,500
Bank & Credit Card Fees 84,000
Other Miscellaneous Expense 20,000
Utilities - NL 43,000
Utilities - FI 13,300
Printing 2,800
Computer/IT/Software Support 150,000
Janitorial Supplies 5,500
Terminal Supplies 60,000
UPS Freight 2,500
Uniforms 9,500
Training/Conferences 6,000
Total General &Admin Expense 632,100
Other Expense
Damage Claims Expense 10,000
Property Taxes 118,800
Marine Engineering 75,000
Commissioner Fees 6,700
US Mail 10,800
Total Other Expense 221,300
BAN Interest 25,000
BAN Principal 565,000
Total Other Expense 590,000
Total Expenses 6,414,800
Net Income O
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