Port budget shows major work ahead
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Last updated 11/2/2016 at 10:27am
Port District expected 2017 revenue
Grant County Port District 7 will take in and spend nearly a half million dollars in 2017, the largest portion of that coming from grants, according to a budget commissioners passed last week.
The total budget amount of $467,000 includes one major project for the new year. With grants from the Federal Aviation Administration and Washington State Department of Transportation Aviation, the district plans to repair the 4,200-foot runway.
The runway has developed major cracks and the FAA has approved the repair project for this next year. As part of the project, the port also plans to remove obstructions required though the grant, such as trees near the runway.
The amount of the FAA grant is $234,000, and the grant from DOT Aviation is for $13,000.
The district will pay 5 percent of the total cost of the project.
The operation of Banks Lake Golf Course makes up $161,800, of the budget. That operation was profitable in 2016.
The district expects to take in $44,000 in property tax revenue, $137,000 in golf course membership and greens fees, and $20,400 in the "pro shop and restaurant."
It will take nearly $167,000 to operate the course, including an unprecedented $8,000 for marketing, which comes from a grant provided by Electric City.
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