San Mateo County Harbor District
Schedule of Revenues, Expenses, and Changes in Net Position Oyster Point Marina
For the year ended June 30, 2021
(with comparative totals for the year ended June 30, 2020) 2021 2020
OPERATING REVENUES:
Berth rental, transient fees and dockage $ 1,229,303 $ 1,251,039 Launching fees 30,065 24,432
Rents and concessions 117,670 124,163
Events and permits - 1,126
Other operating revenues 27,203 26,617
Total operating revenues 1,404,241 1,427,377
OPERATING EXPENSES:
Advertising and promotion 5,650 2,435
Bad debts 60,195 34,075
Bank charges 30,241 26,363
Contractual services 91,852 86,779
Dues and subscriptions - 338
Insurance 57,204 43,244
IT 53,583 44,479
Legal fees - 6,814
Personnel expenses 3,356 2,912
Miscellaneous expenses 427 1,237
Repairs and maintenance 73,631 119,230
Operating expenses 98,486 86,992
Salaries and benefits 1,762,585 1,625,371
Travel, training, seminars and professional development 8,169 1,633 Utilities 165,826 145,178
Vessel destruction 9,975 40,240
Depreciation and amortization 628,467 630,956
Total operating expenses 3,049,647 2,898,276
Operating income (loss) (1,645,406) (1,470,899)
NONOPERATING REVENUES (EXPENSES):
Grants 8,037 52,304
Termination benefits (44,008) (17,514)
Miscellaneous revenue 1,008 1,141
Total nonoperating revenues (expenses) (34,963) 35,931
Net Income $ (1,680,369) $ (1,434,968)
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