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LEGAL AUTHORITY
Act 171-2002,
as amended, known as the America's Port Authority Act.
MISSION
Help Puerto Rico become the maritime distributor and logistics center for the Caribbean. Promote the creation of added value zones and free trade zones for the development of light manufacturing and service industries in Puerto Rico's southern area.
ORGANIZATIONAL STRUCTURE
- Board of Directors
- Office of the Executive Director
FISCAL YEAR 2012-2013 PROPOSED BUDGET
The proposed consolidated budget for Fiscal Year 2012-2013 amounts to $7,057,000. This amount includes $1,954,000 in Revenues from Internal Sources and $5,103,000 from Loans and Bond Issuance.
Operational expenses reflect an increase of $171,000 when compared to funds assigned in fiscal year 2011-2012 due to a rise in heavy equipment's maintenance costs.
Per Act 409-2004, known as the Commonwealth of Puerto Rico's guarantee to pay the principal and interest on Port of the Americas Authority bonds Act, $5,103,000 were included to continue capital improvements work, specifically the dredging and infrastructure development at the Port.
SUMMARY OF AVAILABLE RESOURCES
| Consolidated Budget (thousands $) |
2010 |
2011 |
2012 |
2013 |
|
| Program |
|
| Operational Expenses |
Actual |
Actual |
Budget |
Proposed |
| Operation and Administration of the America's Port |
0 |
1,052 |
1,783 |
1,954 |
| Subtotal, Operational Expenses |
0 |
1,052 |
1,783 |
1,954 |
| |
| Capital Improvements |
| Operation and Administration of the America's Port |
37,794 |
30,580 |
13,436 |
5,103 |
| Subtotal, Capital Improvements |
37,794 |
30,580 |
13,436 |
5,103 |
| Total, Program |
37,794 |
31,632 |
15,219 |
7,057 |
| |
| Funding Sources |
|
| Operational Expenses |
|
| Revenues from Internal Sources |
0 |
1,052 |
1,783 |
1,954 |
| Subtotal, Operational Expenses |
0 |
1,052 |
1,783 |
1,954 |
| |
| Capital Improvements |
|
| Loans & Bond Issuance |
37,794 |
30,580 |
13,436 |
5,103 |
| Subtotal, Capital Improvements |
37,794 |
30,580 |
13,436 |
5,103 |
| Total, Funding Sources |
37,794 |
31,632 |
15,219 |
7,057 |
| |
| Expense Category |
|
| Operational Expenses |
|
| Payroll and Related Expenses |
0 |
342 |
260 |
259 |
| Rent and Utilities |
0 |
1 |
53 |
67 |
| Purchased Services |
0 |
205 |
1,076 |
1,444 |
| Transportation Expenses |
0 |
4 |
21 |
20 |
| Professional Services |
0 |
437 |
325 |
110 |
| Other Expenses |
0 |
54 |
15 |
21 |
| Office Supplies and other Materials |
0 |
2 |
3 |
3 |
| Advertising and Media Expenses |
0 |
7 |
30 |
30 |
| Subtotal, Operational Expenses |
0 |
1,052 |
1,783 |
1,954 |
| |
| Capital Improvements |
|
| Capital Improvements Program |
37,794 |
30,580 |
13,436 |
5,103 |
| Subtotal, Capital Improvements |
37,794 |
30,580 |
13,436 |
5,103 |
| Total, Expense Category |
37,794 |
31,632 |
15,219 |
7,057 |
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