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DATE: October 27, 2025 <br />TITLE: BOARD OF PORT COMMISSIONERS OF THE CITY OF REDWOOD CITY - FISCAL YEAR 2025 <br />ANNUAL REPORT <br /> <br />Page 4 of 4 <br />FISCAL IMPACT <br />The Port is a revenue-generating/enterprise department for the City and is financially self- <br />sufficient, receiving no monies from the City’s General Fund. The Port’s contribution to the City’s <br />General Fund is through the annual payment of a subvention, which for the Fiscal Year 2024 was <br />$596K. For Fiscal Year 2025, the Port anticipates a subvention payment of approximately $639K. <br />Additionally, the Port proactively seeks to contract for services with various City departments, <br />furthering the support of the City’s General Fund. The Port also collaborates with the City on <br />major capital infrastructure projects and maintains an ongoing partnership with City Fire and <br />Police Departments, including matching funding for PSGP projects that strengthen and benefit <br />these two departments. <br /> <br />ALTERNATIVES <br />As stated above, pursuant to Section 47g of the City Charter, the Board of Port Commissioners <br />reports annually to the City Council on the preceding year’s activities and accomplishments and <br />on future plans and objectives. This Annual Report is an informational item. <br /> <br />ENVIRONMENTAL REVIEW <br />The action before the Board for consideration today is not subject to the CEQA review process <br />pursuant to Resource Code, Section 21065 and Guidelines, Section 15378. <br /> <br /> <br /> <br />Kristine A. Zortman <br />Executive Director via the <br />Board of Port Commissioners <br />6.B. - Page 4 of 4 <br />12