U. S. Ports with Tax Levies - 2001		PORT OF PASCAGOULA (MS)	PORT OF HOUSTON AUTHORITY(TX)	PORT OF CORPUS CHRISTI AUTHORITY (TX)	PORT OF SEATTLE (WA)	PORT OF TACOMA (WA)	TAMPA PORT AUTHORITY (FL)	LAKE CHARLES HARB/TERM. DIST. (LA)	PORT OF LONGVIEW (WA)	ST. BERNARD PORT/HARB/ TERM. DIST. (LA)	PORT OF FREEPORT (TX)	PORT OF EVERETT (WA)	GREATER LAFOURCHE PORT COMMISSION (LA)	ORANGE COUNTY NAVIGATION PORT DISTRICT (TX)
OPERATING STATUS		NONOP	LTDOP	LTDOP	OP	LTDOP	OP	OP	OP	NONOP	LTDOP	OP	LTDOP	NONOP
PLANNING (Strategic/Marketing/Financial/Development)		Strat/Dev	All	All	All	All	Strat/Fin/Dev	Fin/Dev	Strategic	Mktg/Fin/Dev	Strat/Fin/Dev	All	All	All
PORT TYPE		County	Spec. Purp. Nav. Dist.	Spec. Purp. Nav. Dist.	Spec. Purp. Nav. Dist.	Municipal	Spec. Purp. Nav. Dist.	State	Spec. Purp. Nav. Dist.	State	Spec. Purp. Nav. Dist.	Spec. Purp. Nav. Dist.	Spec. Purp. Nav. Dist.	Spec. Purp. Nav. Dist.
OPERATING REVENUE
	Marine	2,498	92,829	18,259	26,595	16,495	15,745	14,136	14,154	2,256	3,547	4,769	6,768	624
	Other	829	15,510	7,274	74,031	44,726	6,556	2,599	296	84	1,508	7,755	191	731
	TOTAL	3,327	108,339	25,533	100,625	61,221	22,301	16,734	14,450	2,340	5,055	12,524	6,958	1,355
OPERATING EXPENSES
	Operating & Maintenance	1,762	47,035	8,797	65,537	26,273	8,876	8,228	10,437	2,230	1,566	5,973	2,621	57
	Security	261	4,222	1,146		1,353		883			103		801	136
	Sales Promotion/Trade Development	58	1,961	467		1,877	921	514	325	87	162		371	21
	Other Administration	1,051	20,542	8,367	10,984	5,375		5,926	1,590		166	1,775	1,194	743
	Depreciation	0	21,757	5,225	33,275	16,183	6,956	5,167	2,111	873	1,234	3,722	1,307	0
	TOTAL	3,131	95,518	24,002	109,795	51,061	16,753	20,718	14,462	3,190	3,232	11,471	6,295	957
OPERATING INCOME		195	12,821	1,531	-9170	10161	5548	-3984	-12	-850	1,823	1053	664	398
OTHER INCOME (EXPENSES)
	Interest Earned	147	10,655	1,336	1,938	3,625	4,969	2,126	472	408	1,604	1,333	519	351
	Bond Interest Expense	(538)	(9,466)	(55)	(18,515)	(5,175)	(8,709)	(389)	(1,989)	(358)	(1,178)	(1,036)	(147)
	Tax Levies	2,288	30,922	90	35,721	7,409	10,891	1,648	2,338	727	5,433	3,301	1,278	555
	Contributions		3,513						5,937			80	613
	Other	(1,549)	(446)	44	3,752	(83)	5,202	(74)	(6,330)	567	(1,871)	(72)	1	(88)
	TOTAL	349	35,178	1,415	22,897	5,775	12,353	3,312	428	1,344	3,987	3,607	2,263	818
	NET INCOME	544	47999	2,946	13727	15935	17902	-672	415	494	5,811	4660	2927	1216
ASSETS
	Cash & Investments	1,116	180,068	11,910	92,250	53,980	38,727	35,471	5,142	1,622	21,807	27,543	13,659	6,160
	Gross Accounts Receivable (Gross A/R)	696	22,976	4,651	8,924	6,774	7,222	1,679	1,757	62	657		2,941	99
	Less: Reserve for Bad Debts	0	1,389	387	584	250	217	0	0	0	21		0	9
	Net Accounts Receivable (Net A/R)	696	21,587	4,264	8,340	6,524	7,005	1,679	1,757	62	636	1,260	2,941	90
	Other Current Assets	0	3,066	1,742	15,133	8,190		3,232	408	624	1,614	443	542	202
	TOTAL CURRENT ASSETS	1812	204721	17,917	115722	68693	45732	40382	7307	2308	24,058	29246	17142	6452
INVESTMENT IN PLANT, PROPERTY, & EQUIPMENT (PP&E)
	Land		149,017		456,245	144,555	89,152	23,189	26,433	11,243	57,087		1,930	2,356
	Buildings		64,699		468,552	61,075	89,008	180,402	17,348	5,195	27,654		2,918	8,097
	Other Improvements		360,307		288,896	322,762	119,587		48,812	14,576	11,095		39,154	7,026
	Equipment		117,043		123,805	97,033	10,742	20,136	17,211	663	5,958		1,194	804
	GROSS INVESTMENT IN PP&E		691,065	222,329	1,337,498	625,425	308,488	223,727	109,805	31,677	101,793	181,084	45,196	18,283
	Accumulated Depreciation		(277,919)	(78,489)	(332,339)	(222,037)	(46,367)	(79,513)	(30,891)	(4,316)	(12,954)	(40,585)	(9,042)
	Construction in Progress		128,541	5,927	54,559	18,987	27,759	20,868	5,729	15,849	11,110	2,349	5,994
	NET INVESTMENT IN PP&E	69,557	541,687	149,767	1,059,718	422,375	289,881	165,082	84,643	43,210	99,949	142,848	42,148	18,283
Restricted Assets		4,325	206,214	2,327			58,671	8,234	3,347	5,278	18,111	3,041	1,148
All Other Assets		8,965	4,564	9,660	5,637	5,649	26,686	2,052	1,699	0	315	5,601	0
	TOTAL ASSETS	84660	957186	179,672	1181077	496717	420970	215750	96996	50797	142,433	180736	60439	24735
LIABILITIES
	Current Liabilities Payable from Current Assets	368	12,293	4,599		19,663	7,328	1,435	1,877	573	2,586	1,607	12,802	228
	Current Liabilities Payable from Restricted Assets	0	29,935	924		0	10,510	1,250	1,635	274	1,739	2,750	0	0
	SUB-TOTAL CURRENT LIABILITIES	368	42,228	5,523		19,663	17,838	2,685	3,512	848	4,325	4,357	12,802	228
	Long-Term Debt	8,968	353,967	1,886		120,847	143,035	22,921	33,501	5,761	19,351	17,570	2,201
	TOTAL LIABILITIES	9337	396195	7,408		140510	160874	25606	37013	6609	23,676	21927	15003	228
EQUITY
	Contributed Capital -- Net	69,554	20,320	27,984		6,126		36,591	755	41,023	12,907	7,213	23,946	See
	Retained Earnings -- Restricted	1,945	36,392				22,217	8,234			8,982		1,148	Note
	Retained Earnings -- Unrestricted	3,824	504,279	144,279		350,081	237,879	145,319	59,228	3,165	96,868	151,595	20,342
	TOTAL EQUITY	75,323	560,992	172,263		356,208	260,096	190,144	59,983	44,188	118,757	158,809	45,436	24,507
	TOTAL LIABILITIES & EQUITY	84,660	957,186	179,672		496,717	420,970	215,750	96,996	50,797	142,433	180,736	60,439	24,735
OUTSTANDING BONDS
	Revenue Bonds		22,365		250,310	60,615	151,331	22,500	23,270		6,170	11,630	2,700
	G.O. Bonds	19,885	324,705	905	240,125	44,835			10,445	545	14,685	8,340
	Commercial Paper				17,780
	Conduit Financing Debt
	Other Debt	498		1,053		1,634			1,117
	TOTAL	20,383	347,070	1,958	508,215	107,084	151,331	22,500	34,832	545	20,855	19,970	2,700
DEBT SERVICE
	Principal	2,054	21,595	2,856	34,689	8,060	6,105	1,250	1,788		1,565	2,650	535
	Interest	1,230	14,709	225	22,571	6,657	7,423	729	2,043	360	1,178	1,036	147
	TOTAL	3,283	36,304	3,081	57,261	14,717	13,528	1,979	3,832	360	2,743	3,686	682
CONTRIBUTIONS, DONATIONS, & GRANTS RECEIVED IN FY 2001
	Source		Federal				Federal	DOTD	State			Federal	State
	Type		ISTEA				HUD	Facility planning	CTED			FEMA	Port Priority
	Amount ($ 000s)		3,513				994	203	755			46	534
	Matching Funds ($ 000s or %)		3,513				0	--	755			8	260
	Purpose		Capital improvement				Street improvements	Unifab ICSS facility	Industrial park development			Earthquake repairs	Dredging
	Source						State		State			State	State
	Type						DOT		TIB			FEMA	Capital Outlay
	Amount ($ 000s)						5,490		1,566			8	79
	Matching Funds ($ 000s or %)						2,925		1,566			--	0
	Purpose						Cruise terminal #3, intermodal, dredging, & infrastructure		Fibre Way Overpass project			Earthquake repairs	Highway embankment stabilization
									Federal			State
									TEA-21			Rec.
									1,142			26
									1,142			--
									Fibre Way Overpass project			Marina environ. eqp.
									State
									WA  DOT
									2,778
									2,778
									Fibre Way Overpass project
SALES OFFICES			0		5	8
	Foreign Offices		0	4	6	8		0			0	1	0
	Foreign Personnel		2	4	2	3		0			0	1	0
	Domestic Offices		15	1	7	11	1	1	1	1	1	1	1	1
	Domestic Personnel			6			8	2	3	2	2	1	2	1
CARGO REPORT (Actual Numbers, in short tons)
	Breakbulk	501,873	3,848,573	215,823	242,977	79,162	759,700	717,184	655,250	420,616	202,335	241,427
	Automobiles	15	123,235		57,510	261,165	65,119
	Other RO/RO						2,555
	Containerized		10,119,938		10,958,520	9,127,990	33,312	7,504	11,216		591,077	36,226
	Dry Bulk	3,438,288	5,679,669	9,036,971	2,992,606	4,984,500	3,731,982	4,223,811	1,371,098	962,706	435,246	40,093	15,000
	Liquid Bulk	26,357,917	7,688,732	77,783,163	1,812,620		9,064,542	3,585,508					10,000
	TOTAL (actual short tons)	30,298,093	27,460,147	87,035,957	16,064,232	14,452,817	13,657,210	8,534,007	2,037,564	1,383,322	1,228,658	317,746	25,000
RATIO ANALYSIS
	Op. Ratio (Op. Expenses / Op. Revenue)	94.1%	88.2%	94.0%	109.1%	83.4%	75.1%	123.8%	100.1%	136.3%	63.9%	91.6%	90.5%	70.6%
	Op. Margin (Op. Income / Op. Revenue)	5.9%	11.8%	6.0%	-9.1%	16.6%	24.9%	-23.8%	-0.1%	-36.3%	36.1%	8.4%	9.5%	29.4%
	Current Ratio (Curr. Ass. / Curr. Liabs. Pay. Curr. Ass.)	4.92	16.65	3.90	N/A	3.49	6.24	28.14	3.89	4.03	9.30	18.20	1.34	28.30
	Net Income / Op. Revenue	16.4%	44.3%	11.5%	13.6%	26.0%	80.3%	-4.0%	2.9%	21.1%	115.0%	37.2%	42.1%	89.7%
	(Net Income + Bond Int. Exp.) / Total Assets	0.0%	4.0%	1.6%	-0.4%	2.2%	2.2%	-0.5%	-1.6%	0.3%	3.3%	2.0%	4.6%	N/A
	Net Income / Net PP&E	0.8%	8.9%	2.0%	1.3%	3.8%	6.2%	-0.4%	0.5%	1.1%	5.8%	3.3%	6.9%	6.7%
	(Op. Income + Deprec.) / Gross PP&E	N/A	5.0%	3.0%	1.8%	4.2%	4.1%	0.5%	1.9%	0.1%	3.0%	2.6%	4.4%	N/A
	Op. Income / Net PP&E	0.3%	2.4%	1.0%	-0.9%	2.4%	1.9%	-2.4%	0.0%	-2.0%	1.8%	0.7%	1.6%	2.2%
	(Op. Income + Deprec.) / Op. Revenue	5.9%	31.9%	26.5%	24.0%	43.0%	56.1%	7.1%	14.5%	1.0%	60.5%	38.1%	28.3%	N/A
	Long-Term Debt / Total Equity	11.9%	63.1%	1.1%	N/A	33.9%	55.0%	12.1%	55.9%	13.0%	16.3%	11.1%	4.8%	0.0%
	Allow. for Bad Debts (Rsrv Bad Debts / Gross A/R)	0.0%	6.0%	8.3%	6.5%	3.7%	3.0%	0.0%	0.0%	0.0%	3.2%	N/A	0.0%	9.1%
	Avg # Days Sales Uncollected (Net A/R / (Op.Rev/360))	75	72	60	30	38	113	36	44	10	45	36	152	24
NOTES
														Total Equity of $24,506,834 is comprised of Restricted Retained Earnings of $500,000, Unrestricted Retained Earnings of $5,723,687, and Investment in Fixed Assets of $18,283,147.