Portland Fish Exchange manager reports April shortfall, shore-power and kelp activity

The Portland Fish Exchange Subcommittee heard a May management report from Robert, the exchange manager, who said April activity totaled roughly 104,000 pounds landed and included a surprise contract unload of about 21,000 pounds that boosted the months totals.

Robert reported an April net income deficit of $39,006.23 compared with a budgeted deficit of $57,004.00, representing an improvement of about $17,786 for the month. He said receivables stood near $125,000, checkbook balances ranged from a low of $28,000 to a high of $125,000, and that the exchange continues to draw on a $250,000 line of credit as needed. Robert noted annual insurance premiums fall due April 1 ("just under $12,000") and workers' compensation payments run about $3,300 paid monthly.

On operations, Robert updated the subcommittee that the new cooling-system control panel has been installed and staff are being cross-trained on the web-based control interface. He said shore-power installation is underway on the extension pier and crews are running conduit and wiring; a staff member will provide a fuller update at the next meeting.

Robert also reviewed recent aquaculture/kelp unloads. Two buyers working through the exchange brought small palletized kelp shipments (about $30 per pallet under the current cross-dock fee); Robert said those unloads may break even for the exchange this year but represent an important market-development effort. Members encouraged continued engagement and noted the exchanges role in supporting emerging aquaculture revenue streams.

Heather and board members asked for a fuller written financial package at the next subcommittee meeting, and Robert agreed to bring detailed numbers and project wrap-ups (including the kelp contracts) at the next scheduled meeting.