Canaveral Port Authority FY2027 Proposed Budget
The Canaveral Port Authority's proposed budget for fiscal year 2027 (October 1, 2026 - September 30, 2027), a pre-adoption draft scheduled for a public hearing, with no ad valorem tax levy.
Director, Planning & Development at Canaveral Port District
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The Canaveral Port Authority's proposed budget for fiscal year 2027 (October 1, 2026 - September 30, 2027), a pre-adoption draft scheduled for a public hearing, with no ad valorem tax levy.
The proposed operating budget includes operating revenues from ship activity, leasing, parks and recreation, fire training facility, permits and licenses, and commercial vehicles. Operating expenses include operations, facilities, parks and recreation, public safety, fire training facility, commission, executive, finance and accounting, administrative services, engineering and environmental, business development, real estate, government and strategic communications, depreciation, and amortization. Non-operating revenues include interest earnings and grant revenue. Non-operating expenses include commissions and fees, interest expense, grant administration fees, CT6 east garage disposal, and crane disposal. The budget also includes an addition to net position for debt reduction and port development.
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The board meeting focused on several key agenda items, including the approval of the Fiscal Year 2027 Operating and Capital Budgets, Tariff modifications, and Foreign Trade Zone (FTZ) modifications. The board addressed various engineering and facilities contracts, including purchase orders for invasive vegetation removal, professional environmental engineering services, and coastal engineering support. Additionally, the board discussed lease agreements for aquarium development and cargo storage, as well as capital projects for parking garage improvements and air conditioning unit replacements. Resolutions were considered for the support of the Save Our Shrimpers Act and the renewal of a line of credit with Truist Bank. Information technology infrastructure projects and various operations-related contracts were also reviewed for approval.
The Board of Commissioners held a meeting to address several items. The session began with the recognition of seven employees with milestone service awards. A resolution supporting the federal 'Save Our Shrimpers Act' was discussed and subsequently approved to help support the domestic shrimp industry facing economic pressures from foreign imports. Finally, the Board reviewed and approved the proposed fiscal year 2027 operating and capital budgets, including tariff and foreign trade zone updates, following presentations on revenue and expense adjustments.
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