Mid-Fiscal Year Review of CIP

The Port District’s 5-year Capital Improvement Program (CIP) provides a plan for the development, maintenance, improvement, and acquisition of infrastructure assets to benefit Santa Cruz Harbor’s users, businesses, and visitors. It is intended to serve as a guiding document for planning, scheduling, and implementing capital improvements and planning projects over a five-year period.

As part of the FY23 budget approval process, the Port Commission elected to implement a mid-year CIP review to receive project status and funding updates.

The full mid-year CIP report was presented to the Commission during its regular public session of October 25, 2022. A copy of the full report is available here, and a summary is provided below.

In FY23, a total of $622,000 was allocated across 12 previously identified projects (10 of which had CIP funding from prior years), and two new projects. Through September 30, 2022, 6 projects have been completed ($61,784 in expenditures), 8 projects are in-progress ($103,109 in expenditures to date), and 13 projects remain slated for initiation in future fiscal years.

The remaining CIP balance as of September 30, 2022, totals approximately $1,934,654.

Delivery of the Port District’s CIP over the next five fiscal years is dependent on many factors, including forecasted revenues, available funding, and staffing workloads. The CIP will adapt and respond as the District updates and refines its capital infrastructure needs through processes such as the mid-year CIP review.

For example, as part of the regular public session on October 25, 2022, the Commission reviewed all CIP projects and elected to prioritize sidewalk improvements on the west side of the harbor during the current fiscal year (work was originally anticipated to occur in a future fiscal year).

Pension Liability Management Policy 

Earlier this year, the Port Commission approved the implementation of a Pension Liability Management Policy to address rising CalPERS pension costs. 

The Port Commission and staff are committed to fiscal sustainability by employing long-term financial planning efforts, maintaining appropriate reserve levels, and employing prudent practices in governance, management, budget administration, and financial reporting.

Adoption of this new policy demonstrates a commitment to long-term financial planning and will allow the District to proactively manage its pension liability costs and achieve future cost savings.

7th Annual

Classic Car Show

On Sunday, October 9, 2022, over 70 participants filled the harbor's west side parking lot to display their remarkable classics! The Santa Cruz Port District would like to thank all of the classic car enthusiasts who participated and made this year's event a success. Special shout out to Cam-Snappers of Capitola for their assistance with traffic control and parking organization. 

Congratulations to this year's "Best in Show," winner, Fred Richey, who showcased his beautiful 1936 Ford Pickup.