Previous Story
Seaport salaries went up in FY06
|
Posted on Oct 23 2006
Overall personnel cost in the three CNMI seaports decreased by 7 percent in the first 11 months of Fiscal Year 2006, but salaries of personnel on Saipan and Tinian went up during the period.
Statistics showed that Saipan seaport’s salaries increased by 17 percent. From $411,245 in fiscal year 2005, the figure increased to $480,071 this year.
Tinian personnel salaries rose by over 200 percent. From $6,983 in FY 2005, the amount soared to $23,183 this year.
In terms of employee benefits, all seaports posted a decline.
Saipan seaport reported $129,175 in personnel benefits, a 4-percent decline; Rota spent $15,766, an 18-percent decrease; and Tinian incurred $5,899, a 19-percent decline.
Total personnel costs for Saipan seaport reached $609,246, 4 percent down compared to the previous year; Rota’s costs amounted to $69,569, a 21-percent decrease; and Tinian’s personnel costs totaled $29,082, a 17-percent decline.
Total expenditure for the three seaports amounted to $2.3 million, which is a 20-percent increase compared to the previous year.
Ports Authority comptroller George Palican said this is due to retirement, repairs, power, and insurance expenses.
The seaports registered a $1.6 million non-personnel expense, the bulk of which was spent for insurance totaling a little over $1 million, a 35-percent increase over the prior year.
In terms of revenue, Saipan registered a total of $5.3 million, followed by Tinian with $232,087, and Rota with $127,083.
Rota generated $86,243 from harbor, zero revenue from concession, and $40,840 from rental and non-harbor activities. This already represents a better revenue flow or an 11-percent growth compared to the previous year.
Tinian got $172,043 in harbor revenues, zero revenues from concession, and $60,044 from rental and non-harbor revenues. Tinian’s revenues reflect a 31-percent increase compared to last year.
For its part, the Saipan seaport collected $4.1 million in harbor revenues, $139,622 from concessions, and $1 million from rental and non-harbor revenues. Saipan’s total revenues went up by 5 percent compared to the same period in 2005.
