The Port of Long Beach's adopted budget reflects its ongoing commitment to sustainable, responsible growth.The port's spending plan strategically focuses its resources by investing in the environment, as well as in security and capital improvement projects.
The budget process begins in January each year.
After each division submits its personnel and non-personnel budgets, the Finance Division reviews the submissions and notes unusual variances from prior year activity and significant variances to prior budget amounts.Finance requests explanations from each division for any major variance or unusual item so noted.
Appropriate divisions also submit capital budget plans for the budget year.These capital plans are reviewed and included in the overall Port annual budget.As with expenditures, significant or unusual items are noted and explanations requested from the pertinent division.
The budget submissions are compiled and organized in the annual budget package and submitted to Port management for review and discussion.After acceptance, by Port management, the budget is presented for adoption to the Board of Harbor Commissioners in May/June of each year.After Board approval, the budget is subject to final approval by the Long Beach City Council.The Port's fiscal year runs from October 1 to September 30.
For more information, please see the Port's budget documents listed below.