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Harbor board adopts preliminary FY 202627 budget and schedules final hearing for July
Summary
District staff presented a tightened preliminary budget noting constrained revenues, grant-driven accounting entries and capital needs; the board adopted the preliminary budget and set a special meeting on July 16, 2026 to hold the final-adoption hearing.
District staff presented the preliminary fiscal year 202627 budget, characterizing revenues and expenses as tight amid rising costs, grant-restricted receipts and deferred capital needs. Staff noted that some large grant entries appear in gross figures and that a posted "gross profit" line in the budget tool reflects grant revenues rather than recurring operating income.
The staff report outlined several capital priorities (road access funding, breakwater and boat-launch needs pending FEMA actions, Redwood Marine Terminal site maintenance and an ocean outfall inspection) and said the district is watching constrained grant availability while maintaining operational reserves. The report said the district has some cash on hand but many grant receipts are restricted to project uses.
After discussion, the board adopted the preliminary budget and set a special meeting for July 16, 2026 (6:00 p.m.) to consider the final budget; staff also indicated budget-subcommittee study sessions will be held before final adoption.
