2025 OYSTER POINT MARINA ANNUAL REPORT
From: James B. Pruett, General Manager
San Mateo County Harbor District
Sharon Ranals, City Manager
City of South San Francisco
To: Oyster Point Joint Liaison Committee
San Mateo County Harbor District – South San Francisco
Ref: (a) Agreement between the City of South San Francisco and the San Mateo County Harbor District dated November 28th, 2018.
This report has been developed jointly by the City Manager of the City of South San Francisco and the General Manager of the San Mateo Harbor District. It is being provided to the Oyster Point Joint Liaison Committee in accordance with Reference (a), Paragraph 8.
The report is drafted with the understanding that the City and District have a mutual desire to facilitate improvements, operations, and maintenance of the Marina Property under the control of the Parties for public benefit and enjoyment.
Section 4 of the 2018 Agreement: Pursuant to Section 4 of the Agreement, the District agreed to meet multiple obligations. Each obligation agreed to, and its status is as follows:
1. Replacement of Docks 12, 13, 14: The Harbor District cannot meet this obligation.
The design, engineering, and permitting have been completed and the project is shovel ready. However, the Project is on hold pending funding. The original cost estimate at the time of the 2018 Agreement was under $5 million. In 2025 the estimate is over $18 million.
To improve the safety and stability of the docks until such time funding is identified, the Harbor District began a life extension project on the floating docks in 2024, including Docks 12, 13, and 14. The project includes the inspection and replacement of deck boards, opening and cleaning the floating blocks, and replacing internal wooden beams and brackets as required. The project is continuing.
In addition, the Harbor District continues to inspect, repair, and replaceelectrical pedestals on all floating docks at Oyster Point Marina, ensuring safe and reliable power to each vessel.
2. Replacement of Docks 1 through 6: Docks 1 through 6 to be at the end of their useful life and need replacement. However, due to costs (an estimated $24 million, the District is not in a position to replace the docks at this time. Like Docks 12, 13, and 14, the District is executing a life extension project to keep the docks usable and safe.
It is recommended the Ref. (a) be amended to reflect the current reality as it relates to the replacement of Docks 1 through 6.
2 Section 5 of the 2018 Agreement: Pursuant to Section 5 of the Agreement, the City has agreed to meet certain obligations. Each obligation agreed to, and its status is as follows:
1. Utilities at Marina Property: The City has maintained the applicable utilities in accordance with the agreement.
The City is working on plans and specifications for a CIP project to relocate the existing Oyster Point Sanitary Sewer Pump Station CIP# SS2202. This pump station facility provides sanitary sewer service for all existing marina facilities east of the Spit. The project will include a new pump station located at the site formerly used for the marina fuel tanks.
The project will include a pump station building, pump station equipment with an emergency generator, new force mains, and ejector pumps at each facility to be served by the pump station. The project will also include the relocation of the existing marina electrical switch gear cabinet to a dedicated room in the new pump house building, and new PG&E electric services for the WETA terminal and the Yacht Club building. The existing pump station and electrical switch gear equipment will be demolished, and the site grades will be raised to better conform to the surrounding area. Construction is anticipated to begin in Fiscal Year 2026-27.
2. Police and Fire Protection: The City has maintained police and fire protection services in accordance with the agreement.
3. Sea Level Rise/Landfill Subsidence: Pursuant to the Ref. (a), the City is solely responsible for monitoring and protecting against landside inundation caused by either sea level rise or landfill subsidence. Several areas of the marina are subject to inundation during plus tides.
Plus tides, which take place on average four to six times per year, result in inundation events that last from 30 to 45 minutes.
a. The Spit. Due to landside subsidence, the Spit is inundated with seawater during plus tides. This partial inundation has negatively impacted the safe access to the Harbormaster’s Office, Dock 7 and Guest Dock. The City is in the design and environmental permitting process to raise this area of land on a permanent basis to mitigate subsidence and sea level rise. City and Harbor District are currently considering interim measures to address the temporary inundation including the reuse of the existing entrance ramps for Docks 1 through 6 and repurposing them as elevated ramps on the Spit following the Entrance Ramp Replacement Project. b. Launch Ramp: The City Manager and General Manager continue to work collaboratively to address this issue. Due to landfill subsidence and sea level rise, the landing for the launch ramp is inundated by seawater during plus tide events.
While the Harbor District is responsible for the floating dock, the City is responsible for the subsided landside area to which the launch ramp attaches. c. Dock 14: The entrance at Dock 14 is inundated by seawater during plus tides and storms coming out of the northeast. The waves and water wash over the shoreline/break wall at Dock 14 and create a hazard to users as they are required to walk through the water to access the floating docks. The wash-over is also wasting the bank beneath the dock landing. To address the safety issues associated with the 3 inundation, and prevent further damage to the bank, this issue needs to be addressed in the short term. The City Manager and General Manager continue to work collaboratively to address this issue.
d. Entrance Ramps Dock 1 through 6: The landside area where the entrance ramps are secured was not raised as part of the Oyster Point Redevelopment Project. The area continues to be inundated by seawater during plus tide events. The dock landings are pile-supported. The Harbor District has issued a $3.4 million contract for the replacement of the dock entrances. This project is currently underway and will be completed this year. The Harbor District greatly appreciates the City waiving $90,606 in permitting fees associated with this project.
Section 7 of the 2018 Agreement (Land Survey): As recommended in the 2024 Oyster Point Marina Report, this requirement has been placed on hold until further notice based on costs.
Exhibit D of the 2018 Agreement: Operational Performance Indicators:
1. Marina Occupancy: The Harbor District has met and exceeded the minimum occupancy rate. The District is required to endeavor an occupancy rate of 80% or greater of the mean of Bay Area marinas as measured over eight consecutive quarters. Eighty percent of the 2022/2023 eight-quarter Bay Area Average was 65.1%. The Harbor District has maintained an occupancy rate of 75.17% in 2024, 10.67% above the minimum requirement.
* Based on 408 usable slips.
The Harbor District has also been active in promoting Oyster Point Marina. A quarterly advertisement now runs in Latitude 38, a northern California trade magazine dedicating to sailing. (See Encloure (1)). The District also placed an advertisement in the inaugural issue of the San Francico Peninsula Magazine. (See Enclosure (4).
2. Streets and Parking Areas: The streets and parking lots are in excellent condition. The City has recently completed, parking lot, landscape and Bay Trail improvements at the South Eastern portion of Oyster Point (Area 2C) including resurfacing and striping of the upper parking lot and roadway, widening and repaving of the Bay Trail with new lighting and seating areas, refreshed picnic areas, and created a new fitness area and dog park.
3. Landscaping Maintenance: Maintained in accordance with the 2018 Agreement with one exception. The newly constructed dog park was not contemplated at the time of the agreement; however the City has accepted maintenance of the dog park and ancillary improvements.
4. Solid Waste: Maintained in accordance with the 2018 Agreement.
5. Restrooms: The comfort stations are being maintained in accordance with the 2018 agreement.
6. Building Shells: Maintained in accordance with the 2018 Agreement. 4 7. Trails and Public Areas: Maintained in accordance with the 2018 Agreement.
8. Stormwater: Maintained compliance with the Stormwater Pollution Prevention Program.
9. Environmental Protection: Oyster Point Marina is current with its certification as a Clean Marine. An annual inspection is scheduled for September 2024.
10. District Financial Report: As required by Section 8.A of the agreement. the San Mateo County Harbor District Oyster Point Marina Schedule of Revenue, Expenses, and Changes in Net Positions for Fiscal Year Ending June 30, 2023, and June 30, 2024, is attached as Enclosure (1). In accordance with Section 8.A, attached as Enclosure (2), is the San Mateo County Harbor District Oyster Point Marina Depreciation Tables. #
Encl: (1) San Mateo County Harbor District Oyster Point Marina Schedule of Revenue, Expenses, and Changes in Net Positions for Fiscal Year 2023 and 2024 (2) San Mateo County Harbor District Oyster Point Marina Depreciation Tables (3) April 2025 Latitude 38 Magazine Page 29
(4) Copy of advertisement placed in the 2025 Peninsula Magazine. 49 SAN MATEO COUNTY HARBOR DISTRICT
Schedule of Revenues, Expenses, and Changes in Net Position – Oyster Point Marina For the Year Ended June 30, 2024 (With Comparative Amounts as of June 30, 2023) June 30, 2024 June 30, 2023
OPERATING REVENUES
Berth Rental 1,554,620 $ 1,532,435 $
Launching fees 35,673 41,965
Rent and concessions 128,659 128,238
Events and permits 670 1,305
Other operating revenue 21,180 24,818
Total operating revenues 1,728,761 1,740,802
OPERATING EXPENSES
Advertising and promotion 2,143 888
Insurance 118,915 109,919
Information technology 95,028 87,454
Legal fees 14,545 -
Materials and supplies 221,395 263,687
Repairs and maintenance 89,409 66,165
Salaries and wages 1,030,853 1,070,263
Benefits ̶ current employees 594,279 794,292
Benefits ̶ retirees/former employees 127,927 143,394
Travel, training, and seminars 16,485 17,330
Utilities 171,985 93,285
Vessel destruction 163,343 43,150
Total operating expenses before depreciation 2,704,372 2,631,762 Operating income before depreciation (975,611) (890,960) Depreciation expense (634,268) (639,379)
Operating income (1,614,990) (1,525,228)
NON‐OPERATING REVENUES (EXPENSES)
Investment earnings (29) (115)
Grants and reimbursements 152,871 48,452
Other non-operating revenues 120 120
Total non‐operating revenue(expense), net 48,457 152,962 Change in net position (1,566,533) (1,372,266)
9/16/2024 2:22:09 PM Page 1 of 10
Depreciation Register
San Mateo County Harbor District Depreciation Detail
Packet:
Post Date:
Date Range:
FA00018 - FY 23-24 Depreciation
07/01/2023 - 06/30/2024
06/30/2024
Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
Department: ADM - Administration
00000022
Tyler Tech ERP Systems
Mobile/Cont Equip Software 4/30/2023 120 Straight Line
601,281.05 0.00 15,032.04 60,128.14 75,160.18 526,120.87 Class Totals: Mobile/Cont Equip 601,281.05 0.00 15,032.04 60,128.14 75,160.18 526,120.87 00000010
504 AVE ALHAMBRA - ADMIN BLDG
Property Buildings & Improve 3/31/2022 360 Straight Line 2,987,763.00 0.00 132,789.44 99,592.08 232,381.52 2,755,381.48 00000012
ADMIN OFFICE ZOOM ROOM
Property Machinery & Equip 11/1/2021 60 Straight Line
33,399.60 0.00 11,133.20 6,679.92 17,813.12 15,586.48
00000025
Admin Building Water Damage
Repair and Improvement
Property Buildings & Improve 5/17/2023 120 Straight Line 129,409.67 0.00 2,156.82 12,940.92 15,097.74 114,311.93 Class Totals: Property 3,150,572.27 0.00 146,079.46 119,212.92 265,292.38 2,885,279.89 Dept Totals: ADM - Administration 3,751,853.32 0.00 161,111.50 179,341.06 340,452.56 3,411,400.76 Department: OPM - Oyster Point Marina
00000017
2023 CUSHMAN HAULER PRO ELITE,
SERIAL#3595915
Mobile/Cont Equip Auto & Trucks 3/31/2023 60 Straight Line 17,460.93 0.00 1,164.08 3,492.19 4,656.27 12,804.66
00000019
AIS5000 Class A Transponder Bundle
(Challenger)
Mobile/Cont Equip Boats & Radar 6/30/2023 60 Straight Line 10,299.07 0.00 171.65 2,059.80 2,231.45 8,067.62
00000021
Challenger Radar and
Communications Equipment
Mobile/Cont Equip Boats & Radar 4/11/2023 60 Straight Line 52,218.62 0.00 2,610.93 10,443.72 13,054.65 39,163.97
00000024
OPM ENTRANCE NAVIGATION AID
Mobile/Cont Equip Signs 10/13/2022 240 Straight Line
420,705.00 0.00 15,776.46 21,035.28 36,811.74 383,893.26 A00000209
ELECTRICAL POWER PAD FOR KAYAK
RACK
Mobile/Cont Equip Machinery & Equip 7/1/2014 120 Straight Line 12,500.00 0.00 11,232.74 1,267.26 12,500.00 0.00
A00000211
TRASH COMPACTOR 20 YARD
Mobile/Cont Equip Machinery & Equip 9/16/2015 120 Straight Line 30,865.00 0.00 24,110.81 3,117.34 27,228.15 3,636.85
Class Totals: Mobile/Cont Equip 544,048.62 0.00 55,066.67 41,415.59 96,482.26 447,566.36 00000007
CANON COPIER IMAGE RUNNER DX
C5850I
Property Machinery & Equip 2/14/2022 60 Straight Line
14,898.50 0.00 4,221.27 2,979.72 7,200.99 7,697.51
00000008
VENTEK PAYSTATION M600
Property Machinery & Equip 9/21/2021 60 Straight Line
11,866.50 0.00 4,351.05 2,373.30 6,724.35 5,142.15
Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 2 of 10
Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
A00000006
BREAK WATER FIXED
Property Breakwater 1/1/1980 600 Straight Line
9,563,258.00 0.00 8,313,939.41 192,202.86 8,506,142.27 1,057,115.73 A00000032
LAUNCH RAMP
Property Launch Ramps 1/1/2009 240 Straight Line
2,161,535.00 0.00 1,563,810.64 108,677.16 1,672,487.80 489,047.20 A00000038
FISHING PIER
Property Piers 1/1/2006 300 Straight Line
302,669.00 0.00 211,470.15 12,159.84 223,629.99 79,039.01 A00000059
HARBORMASTER OFFICE
Property Buildings & Improve 1/1/1984 480 Straight Line 308,870.00 0.00 304,944.77 3,925.23 308,870.00 0.00
A00000060
MAINTENANE BUILDING
Property Buildings & Improve 1/1/1984 480 Straight Line 232,532.00 0.00 229,576.85 2,955.15 232,532.00 0.00
A00000061A
FISHING PIER RESTROOM
IMPROVEMENTS - INTERIOR
UPGRADES
Property Buildings & Improve 9/30/2013 240 Straight Line 152,825.90 0.00 74,873.39 7,667.46 82,540.85 70,285.05
A00000062A
DOCKS 12/13 RESTROOM
IMPROVEMENTS - INTERIOR
UPGRADES
Property Buildings & Improve 9/30/2013 240 Straight Line 152,825.91 0.00 74,873.40 7,667.46 82,540.86 70,285.05
A00000064A
DOCK 11 RESTROOM
IMPROVEMENTS - INTERIOR
UPGRADES
Property Buildings & Improve 9/30/2013 240 Straight Line 152,825.91 0.00 74,873.40 7,667.46 82,540.86 70,285.05
A00000069
PUMP STATION
Property Buildings & Improve 1/1/1990 480 Straight Line 35,926.58 0.00 30,060.43 902.52 30,962.95 4,963.63
A00000083A
DOCKS 1 & 2 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000085A
DOCKS 3 & 4 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000087A
DOCKS 5 & 6 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000090A
DOCK 12 WAVE ATTENUATORS
Property Docks 7/1/2013 360 Straight Line
666,821.75 0.00 221,431.70 22,269.48 243,701.18 423,120.57 A00000090B
DOCK 12 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000091A
DOCK 13 WAVE ATTENUATORS
Property Docks 7/1/2013 360 Straight Line
666,821.75 0.00 221,431.70 22,269.48 243,701.18 423,120.57 A00000091B
DOCK 13 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000092A
DOCK 14 WAVE ATTENUATORS
Property Docks 7/1/2013 360 Straight Line
666,821.75 0.00 221,431.70 22,269.48 243,701.18 423,120.57 A00000092B
DOCK 14 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000103
BOAT TRAILER PARKING LOT
Property Parking Lots 1/1/2008 300 Straight Line
531,000.00 0.00 328,488.84 21,316.92 349,805.76 181,194.24 Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 3 of 10
Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
A00000201
DOCK 11
Property Docks 11/27/2013 360 Straight Line
1,471,785.35 0.00 472,380.62 49,151.04 521,531.66 950,253.69 A00000201A
DOCK 11 WAVE ATTENUATORS
Property Docks 7/1/2013 360 Straight Line
666,821.75 0.00 221,431.70 22,269.48 243,701.18 423,120.57 A00000201B
DOCK 11 GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
A00000202
DOCK 8 - GUEST DOCK
Property Docks 9/30/2013 360 Straight Line
502,529.02 0.00 164,082.55 16,782.48 180,865.03 321,663.99 A00000224
FUEL DOCK GATE
Property Docks 1/1/2007 240 Straight Line
106,724.72 0.00 87,906.43 5,376.64 93,283.07 13,441.65
AMX0014
TRANSFORMER DOCK 1
Property Utilities 12/5/2018 240 Straight Line
56,520.39 0.00 12,848.36 2,832.78 15,681.14 40,839.25
AMX0015
TRANSFORMER DOCK 2
Property Utilities 12/5/2018 240 Straight Line
56,520.39 0.00 12,848.36 2,832.78 15,681.14 40,839.25
AMX0016
TRANSFORMER DOCK 3
Property Utilities 12/5/2018 240 Straight Line
56,520.39 0.00 12,848.36 2,832.78 15,681.14 40,839.25
AMX0017
TRANSFORMER DOCK 4
Property Utilities 12/5/2018 240 Straight Line
56,520.39 0.00 12,848.36 2,832.78 15,681.14 40,839.25
AMX0018
TRANSFORMER DOCK 5
Property Utilities 12/5/2018 240 Straight Line
56,520.40 0.00 12,848.37 2,832.78 15,681.15 40,839.25
AMX0019
TRANSFORMER DOCK 6
Property Utilities 12/5/2018 240 Straight Line
56,520.40 0.00 12,848.37 2,832.78 15,681.15 40,839.25
Class Totals: Property 19,455,554.79 0.00 13,518,015.19 585,516.32 14,103,531.51 5,352,023.28 A00000200
FORD F250 4X2 PICKUP
Vehicles Auto & Trucks 4/23/2014 120 Straight Line
29,829.00 0.00 27,557.89 2,271.11 29,829.00 0.00
A00000235
FORD F250 SUPER CAB
Vehicles Auto & Trucks 7/15/2017 120 Straight Line
50,299.13 0.00 30,039.78 5,064.84 35,104.62 15,194.51
Class Totals: Vehicles 80,128.13 0.00 57,597.67 7,335.95 64,933.62 15,194.51 Dept Totals: OPM - Oyster Point Marina 20,079,731.54 0.00 13,630,679.53 634,267.86 14,264,947.39 5,814,784.15 Department: PPH - Pillar Point Harbor
00000009
PATROL VESSEL PUMP EQUIPMENT
Mobile/Cont Equip Machinery & Equip 6/1/2022 60 Straight Line 25,448.98 0.00 5,513.95 5,089.80 10,603.75 14,845.23
00000016
GOLF CART 2022 EZGO RXV
Mobile/Cont Equip Auto & Trucks 1/31/2023 60 Straight Line 14,805.86 0.00 1,480.56 2,961.17 4,441.73 10,364.13
00000018
MARATHON RJ-250 SELFCONTAINED COMPACTOR
Mobile/Cont Equip Machinery & Equip 10/31/2022 120 Straight Line 57,636.91 0.00 4,322.79 5,763.72 10,086.51 47,550.40
00000020
AIS5000 Class A Transponder Bundle
(Almar)
Mobile/Cont Equip Boats & Radar 6/30/2023 60 Straight Line 10,299.07 0.00 171.65 2,059.80 2,231.45 8,067.62
Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 4 of 10
Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
00000026
AIS5000 Class A Transponder Bundle
(Radon)
Mobile/Cont Equip Boats & Radar 6/30/2023 60 Straight Line 10,299.08 0.00 171.65 2,059.80 2,231.45 8,067.63
00000028
PPH Carryall 700 Electric Utility
Vehicle
Mobile/Cont Equip Auto & Trucks 11/20/2023 60 Straight Line 21,625.63 0.00 0.00 2,883.44 2,883.44 18,742.19
00000034
PPH West-End Restroom Water
Heater
Mobile/Cont Equip Machinery & Equip 10/31/2023 60 Straight Line 13,604.65 0.00 0.00 2,040.66 2,040.66 11,563.99
A00000196
PPH FORKLIFT
Mobile/Cont Equip Machinery & Equip 4/17/2014 120 Straight Line 27,124.25 0.00 25,059.06 2,065.19 27,124.25 0.00
A00000210
FLUID OIL / WATER SEPARATOR
Mobile/Cont Equip Machinery & Equip 5/27/2015 120 Straight Line 12,745.00 0.00 10,383.07 1,288.32 11,671.39 1,073.61
A00000212
LAUNCH RAMP PAY STATION
Mobile/Cont Equip Machinery & Equip 10/30/2015 120 Straight Line 18,438.91 0.00 14,249.55 1,861.92 16,111.47 2,327.44
A00000213
PUBLIC HOIST - RECONSTRUCTED
Mobile/Cont Equip Machinery & Equip 10/26/2015 120 Straight Line 48,125.00 0.00 37,190.68 4,859.70 42,050.38 6,074.62
AMX0003
RADON BOAT
Mobile/Cont Equip Boats & Radar 1/6/2018 120 Straight Line 341,622.84 0.00 186,907.17 34,381.26 221,288.43 120,334.41 AMX0011
TRANSFORMER DOCK A
Mobile/Cont Equip Utilities 12/5/2018 240 Straight Line 59,909.73 0.00 13,618.69 3,002.64 16,621.33 43,288.40
AMX0012
TRANSFORMER DOCK B
Mobile/Cont Equip Utilities 12/5/2018 240 Straight Line 59,909.73 0.00 13,618.69 3,002.64 16,621.33 43,288.40
AMX0013
TRANSFORMER DOCK C
Mobile/Cont Equip Utilities 12/5/2018 240 Straight Line 59,909.74 0.00 13,618.69 3,002.64 16,621.33 43,288.41
AMX0023
YAMAHA PWC - PPH
Mobile/Cont Equip Boats & Radar 4/1/2020 60 Straight Line 15,745.42 0.00 10,173.25 3,184.08 13,357.33 2,388.09
AMX0024
YAMAHA PWC - PPH
Mobile/Cont Equip Boats & Radar 4/1/2020 60 Straight Line 15,745.43 0.00 10,173.25 3,184.08 13,357.33 2,388.10
AMX0025
YAMAHA PWC - PPH
Mobile/Cont Equip Boats & Radar 4/1/2020 60 Straight Line 15,818.29 0.00 10,220.42 3,198.78 13,419.20 2,399.09
Class Totals: Mobile/Cont Equip 828,814.52 0.00 356,873.12 85,889.64 442,762.76 386,051.76 00000011
RADAR AND COMMUNICATIONS
EQUIPMENT
Property Machinery & Equip 12/13/2021 60 Straight Line
69,377.56 0.00 21,969.51 13,875.50 35,845.01 33,532.55
00000023
WEST TRAIL LIVING SHORELINE
Property Walkways & Paths 6/30/2023 240 Straight Line
4,148,078.52 0.00 17,283.66 207,403.92 224,687.58 3,923,390.94 00000027
11820 Cabrillo Hwy House - Parcel
047-252-390 & 047-251-140
Property Buildings & Improve 1/26/2024 300 Straight Line 2,060,000.00 0.00 0.00 41,200.02 41,200.02 2,018,799.98 00000030
PPH Single Port EV Charging Station
Property Machinery & Equip 6/11/2024 120 Straight Line
32,333.33 0.00 0.00 269.44 269.44 32,063.89
Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 5 of 10
Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
00000031
PPH Dual Port EV Charging Station
Property Machinery & Equip 6/11/2024 120 Straight Line
64,666.67 0.00 0.00 538.89 538.89 64,127.78
00000033
PPH Retail Center ADA Restroom
Property Buildings & Improve 9/20/2023 360 Straight Line 1,114,997.71 0.00 0.00 30,972.20 30,972.20 1,084,025.51 A00000005
INTERNAL BREAKWATERS
DETACHED FIXED
Property Breakwater 1/1/1982 600 Straight Line
3,333,009.00 0.00 2,764,150.21 66,924.60 2,831,074.81 501,934.19 A00000031
LAUNCH RAMP
Property Launch Ramps 1/1/2004 240 Straight Line
1,707,893.00 0.00 1,664,484.01 43,408.99 1,707,893.00 0.00 A00000037
JOHNSON PIER
Property Piers 1/1/2007 600 Straight Line
5,499,167.00 0.00 1,810,400.93 110,112.42 1,920,513.35 3,578,653.65 A00000037B
SEWER SYSTEM - JOHNSON PIER
Property Utilities 5/27/2014 240 Straight Line
266,478.08 0.00 121,667.05 13,367.16 135,034.21 131,443.87 A00000049
RESTROOM - JOHNSON PIER
Property Buildings & Improve 1/1/2004 480 Straight Line 600,000.00 0.00 291,930.51 15,027.78 306,958.29 293,041.71 A00000051A
WEST BASIN & LAUNDRY FACILITIES
RESTROOM IMPROVEMENTS -
INTERIOR UPGRADES
Property Buildings & Improve 10/23/2013 240 Straight Line 129,791.82 0.00 63,047.36 6,511.68 69,559.04 60,232.78
A00000056
RESTROOM - RV LOT
Property Buildings & Improve 1/1/1986 480 Straight Line 38,640.00 0.00 36,202.65 974.94 37,177.59 1,462.41
A00000071
HARBORMASTER OFFICE
Property Buildings & Improve 1/1/1986 480 Straight Line 344,604.00 0.00 322,867.45 8,694.60 331,562.05 13,041.95 A00000071A
PPH OFFICE- ROOF REPLACEMENT
Property Buildings & Improve 2/15/2019 240 Straight Line 107,344.60 0.00 23,507.12 5,379.96 28,887.08 78,457.52
A00000072
DOCK A
Property Docks 1/1/2007 360 Straight Line
354,043.00 0.00 194,294.98 11,833.20 206,128.18 147,914.82 A00000073
DOCK B
Property Docks 1/1/2007 360 Straight Line
354,043.00 0.00 194,294.98 11,833.20 206,128.18 147,914.82 A00000074
DOCK C
Property Docks 1/1/2007 360 Straight Line
354,043.00 0.00 194,294.98 11,833.20 206,128.18 147,914.82 A00000108
BULKHEAD WALL
Property Bulkheads 1/1/1994 600 Straight Line
100,000.00 0.00 58,924.56 2,003.64 60,928.20 39,071.80
A00000137A
WEST TRAIL PIPELINE
IMPROVEMENTS
Property Walkways & Paths 2/19/2016 360 Straight Line
202,743.44 0.00 49,864.23 6,769.56 56,633.79 146,109.65 AMX0020
LESSEE SIDEWALK IMPROVEMENTS
Property Walkways & Paths 1/4/2019 360 Straight Line
581,083.54 0.00 86,414.22 19,398.84 105,813.06 475,270.48 AMX0021
STORM DRAIN ACCESS POINT
Property Walkways & Paths 10/19/2019 360 Straight Line
29,785.00 0.00 3,684.81 994.32 4,679.13 25,105.87
AMX0026
PPH FISHING PIER REPAIRS
Property Piers 4/4/2020 360 Straight Line
562,859.06 0.00 60,248.99 18,789.12 79,038.11 483,820.95 Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 6 of 10
Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
AMX0027
PPH ACCESS CONTROL SYSTEM
Property Buildings & Improve 11/1/2020 120 Straight Line 31,676.55 0.00 8,343.38 3,181.80 11,525.18 20,151.37
AMX0028
PPH HARBOR OFFICE REMODEL
Property Buildings & Improve 12/1/2020 480 Straight Line 515,024.81 0.00 32,752.71 12,889.20 45,641.91 469,382.90 Class Totals: Property 22,601,682.69 0.00 8,020,628.30 664,188.18 8,684,816.48 13,916,866.21 A00000234
OIL SPILL TRAILER
Trailers Machinery & Equip 4/26/2017 120 Straight Line
34,999.95 0.00 21,780.05 3,525.33 25,305.38 9,694.57
Class Totals: Trailers 34,999.95 0.00 21,780.05 3,525.33 25,305.38 9,694.57 A00000197
FORD F250 4X4 REGULAR CAB
Vehicles Auto & Trucks 4/23/2014 120 Straight Line
30,929.00 0.00 28,574.11 2,354.89 30,929.00 0.00
A00000236
FORD F250 SUPER CAB
Vehicles Auto & Trucks 7/15/2017 120 Straight Line
50,319.25 0.00 30,051.94 5,066.85 35,118.79 15,200.46
AMX0022
POLARIS RANGER UTV
Vehicles Auto & Trucks 2/1/2020 60 Straight Line
35,208.44 0.00 23,929.49 7,123.56 31,053.05 4,155.39
Class Totals: Vehicles 116,456.69 0.00 82,555.54 14,545.30 97,100.84 19,355.85 Dept Totals: PPH - Pillar Point Harbor 23,581,953.85 0.00 8,481,837.01 768,148.45 9,249,985.46 14,331,968.39 Grand Totals: 47,413,538.71 0.00 22,273,628.04 1,581,757.37 23,855,385.41 23,558,153.30 Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 7 of 10
First Depreciation / Last Depreciation / No Depreciation Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
First Depreciation
Department: PPH - Pillar Point Harbor
00000028
PPH Carryall 700 Electric Utility
Vehicle
Mobile/Cont Equip Auto & Trucks 11/20/2023 60 Straight Line 21,625.63 0.00 0.00 2,883.44 2,883.44 18,742.19
00000034
PPH West-End Restroom Water
Heater
Mobile/Cont Equip Machinery & Equip 10/31/2023 60 Straight Line 13,604.65 0.00 0.00 2,040.66 2,040.66 11,563.99
Class Totals: Mobile/Cont Equip 35,230.28 0.00 0.00 4,924.10 4,924.10 30,306.18 00000027
11820 Cabrillo Hwy House - Parcel
047-252-390 & 047-251-140
Property Buildings & Improve 1/26/2024 300 Straight Line 2,060,000.00 0.00 0.00 41,200.02 41,200.02 2,018,799.98 00000030
PPH Single Port EV Charging Station
Property Machinery & Equip 6/11/2024 120 Straight Line
32,333.33 0.00 0.00 269.44 269.44 32,063.89
00000031
PPH Dual Port EV Charging Station
Property Machinery & Equip 6/11/2024 120 Straight Line
64,666.67 0.00 0.00 538.89 538.89 64,127.78
00000033
PPH Retail Center ADA Restroom
Property Buildings & Improve 9/20/2023 360 Straight Line 1,114,997.71 0.00 0.00 30,972.20 30,972.20 1,084,025.51 Class Totals: Property 3,271,997.71 0.00 0.00 72,980.55 72,980.55 3,199,017.16 Department Totals: PPH - Pillar Point Harbor 3,307,227.99 0.00 0.00 77,904.65 77,904.65 3,229,323.34 Total First Depreciation: 3,307,227.99 0.00 0.00 77,904.65 77,904.65 3,229,323.34 Fully Depreciated
Department: OPM - Oyster Point Marina
A00000209
ELECTRICAL POWER PAD FOR KAYAK
RACK
Mobile/Cont Equip Machinery & Equip 7/1/2014 120 Straight Line 12,500.00 0.00 11,232.74 1,267.26 12,500.00 0.00
Class Totals: Mobile/Cont Equip 12,500.00 0.00 11,232.74 1,267.26 12,500.00 0.00 A00000059
HARBORMASTER OFFICE
Property Buildings & Improve 1/1/1984 480 Straight Line 308,870.00 0.00 304,944.77 3,925.23 308,870.00 0.00
A00000060
MAINTENANE BUILDING
Property Buildings & Improve 1/1/1984 480 Straight Line 232,532.00 0.00 229,576.85 2,955.15 232,532.00 0.00
Class Totals: Property 541,402.00 0.00 534,521.62 6,880.38 541,402.00 0.00 A00000200
FORD F250 4X2 PICKUP
Vehicles Auto & Trucks 4/23/2014 120 Straight Line
29,829.00 0.00 27,557.89 2,271.11 29,829.00 0.00
Class Totals: Vehicles 29,829.00 0.00 27,557.89 2,271.11 29,829.00 0.00 Department Totals: OPM - Oyster Point Marina 583,731.00 0.00 573,312.25 10,418.75 583,731.00 0.00 Department: PPH - Pillar Point Harbor
A00000196
PPH FORKLIFT
Mobile/Cont Equip Machinery & Equip 4/17/2014 120 Straight Line 27,124.25 0.00 25,059.06 2,065.19 27,124.25 0.00
Class Totals: Mobile/Cont Equip 27,124.25 0.00 25,059.06 2,065.19 27,124.25 0.00 Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 8 of 10
First Depreciation / Last Depreciation / No Depreciation Description
Class
Adjusted Asset Cost Salvage Value
Category
Prior Accum. Depr.
Acquired Date
Depreciation
Asset Life
Accum. Depr.
Depr. Method
Asset ID Net Asset Value
A00000031
LAUNCH RAMP
Property Launch Ramps 1/1/2004 240 Straight Line
1,707,893.00 0.00 1,664,484.01 43,408.99 1,707,893.00 0.00 Class Totals: Property 1,707,893.00 0.00 1,664,484.01 43,408.99 1,707,893.00 0.00 A00000197
FORD F250 4X4 REGULAR CAB
Vehicles Auto & Trucks 4/23/2014 120 Straight Line
30,929.00 0.00 28,574.11 2,354.89 30,929.00 0.00
Class Totals: Vehicles 30,929.00 0.00 28,574.11 2,354.89 30,929.00 0.00 Department Totals: PPH - Pillar Point Harbor 1,765,946.25 0.00 1,718,117.18 47,829.07 1,765,946.25 0.00 Total Fully Depreciated: 2,349,677.25 0.00 2,291,429.43 58,247.82 2,349,677.25 0.00 Total First / Last / No Depreciation: 5,656,905.24 0.00 2,291,429.43 136,152.47 2,427,581.90 3,229,323.34 Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 9 of 10
Excluded Assets
Depreciation Register Packet: FA00018 - FY 23-24 Depreciation 9/16/2024 2:22:09 PM Page 10 of 10
Assets: 91 Post Date: 06/30/2024
General Ledger Summary
Fund Account Number Account Name Amount IFT
100 100-000-146000 ADMIN Accumulated Depreciation -179341.06 100 100-000-148000 OPM Accumulated Depreciation -634267.86 100 100-000-150000 PPH Accumulated Depreciation -768148.45 100 100-103-789000 Depreciation Expense 179341.06
100 100-201-789000 Depreciation Expense 768148.45
100 100-301-789000 Depreciation Expense 634267.86
Total for Fund: 100 0.00
LETTERS LETTERS
⇑⇓ a correction = MeMories
I'm probably not among the fi rst several dozen to write to point out that the picture on page 45 of your January issue labeled "Cook's Bay" on Mo'orea is actually Opunohu Bay — in our opinion, and that of many others, the more beautiful and, to date, less developed, of the two deep bays on Mo'orea. This picture attached shows our favorite anchorage in our Pacifi c circumnavigation, just behind the reef near the entrance to Opunohu Bay.
The reef provided good protection, the trade winds kept away the bugs, and the snorkeling was great, as long as you didn't mind a few sharks. The beauty of Opunohu Bay in one direction, the open Pacifi c in the other — and a spot from which we saw the Green Flash at least twice.
In the same issue, Reid Glacier, in Reid Inlet within Glacier Bay, is shown in the spread on pages 70-71. We have no quibble with the facts here, just a bit wistfully note that in 1989, when we were there on Synergy, it defi nitely still was a tidewater glacier. There were a smattering of bergy bits and a few larger chunks both fl oating around and marooned on shore at low tide. Reid Inlet was also among our favorite anchorages, although a bit harder to see the Green Flash.
I could say this is another sign of global warming, but that wouldn't be entirely correct. Not that I don't believe warming is happening — I absolutely do — but the glaciers in Glacier Bay have been retreating for well over 100 years.
When John Muir visited and wrote about Glacier Bay a bit over a century ago, both of the current arms of the bay were still fi lled with glacial ice.
We're not sure which one of these boats is David Cohan's 'Tahu Le'a' (we think the foreground vessel), but we are now sure that this is Opunohu Bay on the island of Mo'orea, next to Tahiti.
DavID coHaN
David Cohan in Glacier Bay, Alaska, in 1989 aboard 'Synergy'.
DavID coHaN
April, 2025 • Latitude 38 • Page 29
www.sandiegomarine.com
We are a great family of marine stores with knowledge
and resources to meet all of your boating needs.
Is Your Boat Ready for Summer?
WE CAN HELP!
[email protected]
(800) 336-SDMX • Mexico 001-800-336-7369
(800) 532-3831
2804 Cañon St., San Diego, CA
Cordage Crew Gear
& Apparel
Deck & Hull
Hardware
Electrical
Epoxies Adhesives
& Repair
Galley, Stoves &
Barbeques
Plumbing &
Sanitation
Sailboat Hardware
& Rigging
Oyster Point Marina offers top-tier berthing
in the heart of the San Francisco Bay!
Looking for the perfect slip for your boat?
OYSTER
POINT
MARINA/PARK
WHY CHOOSE OYSTER POINT MARINA?
• Prime Location – Easy access to the Bay, ideal for sailing and fishing, ferry terminal to East Bay • Modern Amenities – Secure docks, clean restrooms, new picnic areas and dog park, and Wi-Fi • Competitive Rates – Affordable slip fees for various boat sizes and guest docks • On-Site Services – Pump-out station, and boat repair
• Beautiful Surroundings – Stunning views, walking trails, and waterfront dining Reserve Your Slip Today!
Call 650-952-0808 9 a.m.-4 p.m. Mon-Fri or email [email protected] Visit www.smharbor.com for further information
SCAN NOW
Looking for the perfect slip for your boat?