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1, 2023 — June 30, 2024, and the expenditure of said sums for the purposes stated herein is <br />hereby authorized: <br />Line Item <br />1. <br />Marine Terminal <br />$ <br />2,347,216 <br />Line Item <br />2. <br />Recreational Boating <br />$ <br />584,017 <br />Line Item <br />3. <br />Commercial <br />$ <br />493,599 <br />Line Item <br />4 <br />Infrastructure <br />$ <br />971,734 <br />Line Item <br />5. <br />General Maintenance <br />$ <br />606,062 <br />Total -Operations <br />$ 5.002.628 <br />SECTION 3. OPERATING EXPENSES - ADMINISTRATION. The sums hereinafter <br />specified are hereby appropriated from general Port funds for the payment of operating <br />expenses in connection with the administration of the Port of Redwood City during Fiscal Year <br />July 1, 2023 — June 30, 2024, and the expenditure of said sums for the purposes stated herein <br />is hereby authorized <br />Line Item <br />1. <br />Admin Salaries, Taxes & Benefits <br />$1,165,899 <br />Line Item <br />2. <br />Office & Administrative Expenses <br />$ 179,599 <br />Line Item <br />3. <br />Professional Services <br />$ 325,680 <br />Line Item <br />4. <br />Promotion & Marketing <br />$ 257,000 <br />Line Item <br />5. <br />Depreciation (Admin only) <br />$ 18,036 <br />Total -Administration <br />SECTION 4. SUBVENTION. The sum of Six Hundred Seven Thousand and Four <br />Hundred Fifty -Eight dollars ($607,458) for voluntary Subvention to the City of Redwood City is <br />hereby appropriated from general Port funds (derived from sources other than State granted <br />lands) should the Board of Port Commissioners deem such funds as surplus and provided such <br />payment does not violate Revenue Bond covenants and applicable state and federal laws. <br />Introduced: 05.24.231 Passed: 06 28.2310rdinance P-293 <br />